FxWirePro: Aussie falls against major peers despite robust retail sales data
AUD/NZD is currently trading around 1.0789 marks. Pair made intraday high at 1.0800 and low at 1.0777 marks. Intraday bias remains neutral till the time pair holds immediate resistance at 1.0800 marks. A daily close belo…
Pair made intraday high at 1.0800 and low at 1.0777 marks.
Intraday bias remains neutral till the time pair holds immediate resistance at 1.0800 marks.
A daily close below 1.0779 will take the parity down towards key supports around 1.0713, 1.0670, 1.0616, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
On the other side, a sustained close above 1.0779 will drag the parity higher towards key resistances at 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia’s January retail sales m/m increase to 0.4 % (forecast 0.4 %) vs previous -0.1 %.
