Fxwirepro: Kiwi Gains in Early Asia on Robust Cpi Data

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• AUD/NZD is currently trading around 1.0657 marks.
   
• Pair made intraday high at 1.0706 and low at 1.0642 marks.
   
• Intraday bias remains bearish till the time pair holds immediate resistance at 1.0739 marks.  
   
• A daily close below 1.0703 will take the parity down towards key supports around 1.0616, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
   
• On the other side, a sustained close above 1.0703 will drag the parity higher towards key resistances at 1.0739/1.0832/1.0904/1.0966/1.1062 (30D EMA)/1.1148 levels respectively.
   
• New Zealand’s Q1 consumer price index +1.0 pct vs previous qtr (poll +0.8 pct).
   
• New Zealand’s Q1 consumer price index +2.2 pct vs year ago (poll +2.0 pct).
   
• New Zealand’s Q1 consumer price index non – tradable +1.0 pct vs previous qtr.
   
• New Zealand’s Q1 consumer price index non – tradable +2.5 pct vs year ago.

The material has been provided by InstaForex Company – www.instaforex.com

April 20, 2017 at 06:55AM

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