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FxWirePro: Kiwi trades marginally higher against major peers after CPI data

  • AUD/NZD is currently trading around 1.0462 marks.
     
  • Pair made intraday high at 1.0486 and low at 1.0453 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0492 mark.
     
  • A sustained close above 1.0484 will drag the parity higher towards key resistances around 1.0528, 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
     
  • Alternatively, a daily close below 1.0484 will take the parity down towards key supports around 1.0458/1.0364/1.0275/1.0237/1.0192 marks respectively.
     
  • Kiwi q/q CPI at 0.6 pct vs 0.1 pct previous release (forecast 0.6 pct).
  • Market Data
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