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FxWirePro: Aussie falls against major peers as retail sales data misses expectations, RBA’s cash rate decision on focus

  • AUD/NZD is currently trading around 1.0460 marks.
     
  • Pair made intraday high at 1.0494 and low at 1.0459 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0540 mark.
     
  • A sustained close above 1.0511 will drag the parity higher towards key resistances around 1.0540/1.0570/1.0590/1.0634/1.0712 levels respectively.
     
  • Alternatively, a daily close below 1.0511 will take the parity down towards key supports around 1.0432/1.0333/1.0237  marks respectively.
     
  • Australia Dec 2018 retail sales mm decrease to -0.4 % (forecast -0.1 %) vs previous 0.4 %.
     
  • Australia Q4 2018 retail trade decrease to 0.1 % (forecast 0.4 %) vs previous 0.2 %.
     
  • Australia Dec 2018 trade balance G&S (A$) increase to 3681 aud (forecast 2300 aud) vs previous 1925 aud.
     
  • RBA will release cash rate decision at 0330 GMT.
  • Market Data
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