FxWirePro: Aussie gains against major peers on robust retail sales data
Friday, December 2, 2016 12:57 AM UTC
- AUD/NZD is currently trading around 1.0468 marks.
- Pair made intraday high at 1.0474 and low at 1.0449 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0415 marks.
- A sustained close above 1.0501 will drag the parity higher towards key resistances at 1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a consistent close below 1.0415 will take the parity down towards key supports around 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- Australia’s October retail sales m/m decreases to 0.5 % (forecast 0.3 %) vs previous 0.6 %.