FxWirePro: Aussie falls against major peers as retail sales data misses expectations
Monday, November 4, 2019 1:03 AM UTC
- AUD/NZD is currently trading around 1.0726 marks.
- Pair made intraday high at 1.0750 and low at 1.0726 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0753 marks.
- A sustained close above 1.0753 will drag the parity higher towards key resistances around 1.0804, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0753 will take the parity down towards key supports around 1.0670/1.0560/1.0518/1.0407/1.0339 marks respectively.
- Australia’s retail sales m/m stands at 0.2 pct vs 0.4 pct previous release (expected 0.4).
- Australia’s S&P/ASX200 was trading around 0.38 pct higher at 6,694.30 points.