FxWirePro: Aussie falls against major peers on the back of lower than expected retail sales data
AUD/NZD is currently trading around 1.0474 marks. Pair made intraday high at 1.0496 and low at 1.0469 marks. Intraday bias remains neutral till the time pair holds immediate support at 1.0465 marks. A consistent close be…
Pair made intraday high at 1.0496 and low at 1.0469 marks.
Intraday bias remains neutral till the time pair holds immediate support at 1.0465 marks.
A consistent close below 1.0465 will take the parity down towards key supports around 1.0420, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0481 will drag the parity higher towards key resistances at 1.0518/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Australia’s November retail sales m/m decreases to 0.2 % (forecast 0.4 %) vs previous 0.5 %.
