FxWirePro: Aussie falls in early Asia as retail sales data misses expectations
AUD/NZD is currently trading around 1.0816 marks. Pair made intraday high at 1.0844 and low at 1.0812 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0877 mark. A sustained close above 1…
Pair made intraday high at 1.0844 and low at 1.0812 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0877 mark.
A sustained close above 1.0826 will drag the parity higher towards key resistances around 1.0877/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.0826 will take the parity down towards key supports around 1.0798/1.0757/1.0658/1.0572/1.0502 marks respectively.
Australia's S&P/ASX 200 index down 0.41 pct at 5,816.70 points in early trade.
Australia Sep 2018 retail sales mm decrease to 0.2 % (forecast 0.3 %) vs previous 0.3 %.
Australia Q3 2018 PPI qq increase to 0.8 % vs previous 0.3 %.
