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FxWirePro: Aussie falls against major peers as retail sales data fails to match expectations

  • AUD/NZD is currently trading around 1.1114 marks.
     
  • Pair made intraday high at 1.1163 and low at 1.1109 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.1156 mark.
     
  • A sustained close above 1.1156 will drag the parity higher towards key resistances at 1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1156 will take the parity down towards key supports around 1.1027, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Sep retail sales m/m increase to 0.0 % (forecast 0.4 %) vs previous -0.6 %.
     
  • Australia Q3 retail trade decrease to 0.1 % (forecast 0.0 %) vs previous 1.5 %.
     
  • Australia Sep retail sales m/m increase to 0 % (forecast 0.4 %) vs previous -0.5 % (revised from -0.6 %).
     
  • Australia's S&P/ASX 200 index up 0.25 pct at 5,946.50 points in early trade.

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