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FxWirePro: Aussie falls against major peers on the back of lower than expected retail sales data

  • AUD/NZD is currently trading around 1.0658 marks.
     
  • Pair made intraday high at 1.0690 and low at 1.0648 marks.
     
  • Intraday bias remains bearish till the time pair holds immediate resistance at 1.0746 marks.  
     
  • A daily close below 1.0687 will take the parity down towards key supports around 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 1.0687 will drag the parity higher towards key resistances at 1.0746/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
     
  • Australia’s March retail sales m/m stays flat at -0.1 % (forecast 0.3 %) vs previous -0.1 %.
     
  • Australia’s Q1 retail trade decreases to 0.1 % (forecast 0.4 %) vs previous 0.9 %.
  • Market Data
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