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 belo…
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 %.
