FxWirePro: Aussie gains against major peers on robust retail sales data
AUD/NZD is currently trading around 1.0612 marks. Pair made intraday high at 1.0618 and low at 1.0562 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0568 marks. A sustained close abo…
Pair made intraday high at 1.0618 and low at 1.0562 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0568 marks.
A sustained close above 1.06 will drag the parity higher towards key resistances at 1.0652/1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent break below 1.06 will take the parity towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
Australia’s August retail sales m/m increases to 0.4 % (forecast 0.2 %) vs previous 0.0 %.
