FxWirePro: Aussie falls against major peers as retail sales, trade balance data miss expectations
AUD/NZD is currently trading around 1.0443 marks. Pair made intraday high at 1.0496 and low at 1.0424 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0526 marks. A sustained close above …
Pair made intraday high at 1.0496 and low at 1.0424 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0526 marks.
A sustained close above 1.0485 will drag the parity higher towards key resistances around 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
Alternatively, a daily close below 1.0485 will take the parity down towards key supports around 1.0407/1.0339/1.0264/1.0222 marks respectively.
Australia’s retail sales stand at 0.0 vs 0.2 previous release (expected 0.3).
Australia’s trade balance stands at 4.50B vs 6.49B previous release (expected 6.50B).
