FxWirePro: Aussie falls in early hours of Asia as Australia’s retail sales data fails to meet expectations
AUD/NZD is currently trading around 1.0480 marks. Pair made intraday high at 1.0507 and low at 1.0472 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0529 marks. A consistent close…
Pair made intraday high at 1.0507 and low at 1.0472 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0529 marks.
A consistent close below 1.0489 will take the parity down towards key supports around 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0489 will drag the parity higher towards key resistances at 1.0529/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
Australia’s December retail sales m/m decreases to -0.1 % (forecast 0.3 %) vs previous 0.1 % (revised from 0.2 %).
Australia’s January ANZ internet job ads increase to 4 % vs previous -1.9 %.
Australia’s Q4 retail trade increases to 0.9 % (forecast 0.9 %) vs previous -0.1 %.
