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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 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 %.
  • Market Data
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