FxWirePro: Kiwi strengthens against major peers on the back of higher than expeted trade balance data
Friday, April 26, 2019 2:25 AM UTC
- AUD/NZD is currently trading around 1.0577 marks.
- Pair made intraday high at 1.0587 and low at 1.0559 marks.
- Intraday bias remains bearish for the moment.
- A sustained close above 1.0587 will drag the parity higher towards key resistances around 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0587 will take the parity down towards key supports around 1.0532/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
- New Zealand March 2019 imports decrease to 4.77 nzd vs previous 4.78 nzd (revised from 4.8 nzd).
- New Zealand March 2019 exports increase to 5.7 nzd vs previous 4.71 nzd (revised from 4.82 nzd).
- New Zealand March 2019 trade balance increase to 922 nzd vs previous -68 nzd (revised from 12 nzd).
- New Zealand March 2019 annual trade balance increase to -5.62 nzd vs prev -6.69 nzd (revised from -6.62 nzd).