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FxWirePro: Aussie rises immediately against major peers after retail sales data

  • AUD/NZD is currently trading around 1.0920 marks.
     
  • Pair made intraday high at 1.0928 and low at 1.0906 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • A sustained close above 1.0923 will drag the parity higher towards key resistances around 1.0976/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
     
  • Alternatively, a daily close below 1.0923 will take the parity down towards key supports around 1.0857/1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Australia Aug 2018 retail sales mm increase to 0.3 % (forecast 0.3 %, previous 0.0 %).
     
  • Australia's S&P/ASX 200 index down 0.23 pct at 6,162.20 points in early trade.
  • Market Data
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