FxWirePro: Aussie gains against major peers on robust retail sales data
Wednesday, October 5, 2016 1:33 AM UTC
- 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 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 %.