FxWirePro: Kiwi trades marginally higher against major peers after CPI data
Tuesday, July 16, 2019 1:02 AM UTC
- 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).