Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

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 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 %).
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.