Technicals

Add as a preferred source on Google

FxWirePro: Aussie falls against major peers as retail sales data misses expectations

AUD/NZD is currently trading around 1.0686 marks. Pair made intraday high at 1.0719 and low at 1.0681 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0736 mark. A sustained close above 1…

1 min read
FxWirePro: Aussie falls against major peers as retail sales data misses expectations
Image from the original EconoTimes article

Read the original article

  • AUD/NZD is currently trading around 1.0686 marks.
     
  • Pair made intraday high at 1.0719 and low at 1.0681 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0736 mark.
     
  • A sustained close above 1.0736 will drag the parity higher towards key resistances at 1.0802/1.0945/1.1072 levels respectively.
     
  • Alternatively, a daily close below 1.0692 will take the parity down towards key supports around 1.0620/1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Australia's S&P/ASX 200 index up 0.37 pct at 6,106.80 points in early trade.
     
  • Australia Q1 retail trade decrease to 0.2 % (forecast 0.6 %) vs previous 0.8 %.
     
  • Australia March retail sales 0 pct m/m s/adj (poll +0.2 pc t) vs previous 0.6 %.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560