FxWirePro: Kiwi trades marginally higher despite lower than expected retail sales data
Monday, November 26, 2018 3:08 AM UTC
- AUD/NZD is currently trading around 1.0673 marks.
- Pair made intraday high at 1.0696 and low at 1.0670 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0696 mark.
- A sustained close above 1.0661 will drag the parity higher towards key resistances around 1.0699/1.0747/1.0798/1.0877/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0661 will take the parity down towards key supports around 1.0613/1.0572/1.0502/1.0432 marks respectively.
- New Zealand Q3 2018 retail qrtly vs yr ago decrease to 2.7 % vs previous 3.1 %.