Friday, October 16, 2026

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FxWirePro: Aussie falls against major peers as retail sales data misses expectations, RBA’s cash rate decision on focus

AUD/NZD is currently trading around 1.0460 marks. Pair made intraday high at 1.0494 and low at 1.0459 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0540 mark. A sustained close above 1…

By FxWirePro Team
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FxWirePro: Aussie falls against major peers as retail sales data misses expectations, RBA’s cash rate decision on focus
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  • AUD/NZD is currently trading around 1.0460 marks.
     
  • Pair made intraday high at 1.0494 and low at 1.0459 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0540 mark.
     
  • A sustained close above 1.0511 will drag the parity higher towards key resistances around 1.0540/1.0570/1.0590/1.0634/1.0712 levels respectively.
     
  • Alternatively, a daily close below 1.0511 will take the parity down towards key supports around 1.0432/1.0333/1.0237  marks respectively.
     
  • Australia Dec 2018 retail sales mm decrease to -0.4 % (forecast -0.1 %) vs previous 0.4 %.
     
  • Australia Q4 2018 retail trade decrease to 0.1 % (forecast 0.4 %) vs previous 0.2 %.
     
  • Australia Dec 2018 trade balance G&S (A$) increase to 3681 aud (forecast 2300 aud) vs previous 1925 aud.
     
  • RBA will release cash rate decision at 0330 GMT.

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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

By FxWirePro Team