FxWirePro: Aussie falls against major peers on the back of lower than expected retail sales data
Tuesday, May 9, 2017 1:58 AM UTC
- 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 %.