- 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 %.
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