FxWirePro: Aussie falls against major peers on the back of lower than expected retail sales data
AUD/NZD is currently trading around 1.0867 marks. Pair made intraday high at 1.0904 and low at 1.0866 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0966 marks. A daily close belo…
Pair made intraday high at 1.0904 and low at 1.0866 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0966 marks.
A daily close below 1.0882 will take the parity down towards key supports around 1.0863, 1.0779, 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 1.0882 will drag the parity higher towards key resistances at 1.0966/1.1062 (30D EMA)/1.1148 levels respectively.
Australia’s Feb retail sales m/m decreases to -0.1 % (forecast 0.3 %) vs previous 0.4 %.
Australia’s Feb building approvals increase to 8.3 % (forecast -1 %) vs previous 2.2 % (revised from 1.8 %).
Australia’s Feb private house approvals increase to 5.3 % vs previous -4 % (revised from -3 %).
