FxWirePro: Aussie rises against major peers on robust retail sales data
AUD/NZD is currently trading around 1.0394 marks. Pair made intraday high at 1.0396 and low at 1.0360 marks. Intraday bias remains bullish till the time pair holds key support at 1.0370 mark. A sustained close above 1.03…
Pair made intraday high at 1.0396 and low at 1.0360 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0370 mark.
A sustained close above 1.0370 will drag the parity higher towards key resistances around 1.0422, 1.0470, 1.0528, 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0370 will take the parity down towards key supports around 1.0275/1.0237/1.0192 marks respectively.
Australia retail sales m/m 0.4 pct vs 0.1 pct previous release.
Australia PPI q/q at 0.4 pct vs 0.4 pct previous release.
