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FxWirePro: Aussie rises against major peers on robust retail sales, trade balance data

AUD/NZD is currently trading around 1.0485 marks. Pair made intraday high at 1.0489 and low at 1.0449 marks. Intraday bias remains bullish for the moment. A sustained close above 1.0463 will drag the parity higher toward…

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FxWirePro: Aussie rises against major peers on robust retail sales, trade balance data
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  • AUD/NZD is currently trading around 1.0485 marks.
     
  • Pair made intraday high at 1.0489 and low at 1.0449 marks.
     
  • Intraday bias remains bullish for the moment.
     
  • A sustained close above 1.0463 will drag the parity higher towards key resistances around 1.0488/1.0540/1.0570/1.0590/1.0634 levels respectively.
     
  • Alternatively, a daily close below 1.0463 will take the parity down towards key supports around 1.0364/1.0275/1.0237/1.0192  marks respectively.
     
  • Australia Feb 2019 retail sales mm increase to 0.8 % (forecast 0.2 %) vs previous 0.1 %.
     
  • Australia Feb 2019 trade balance g&s (A$) increase to 4801 aud (forecast 3800 aud) vs previous 4549 aud.
     
  • Australia's S&P/ASX 200 index up 0.55 pct at 6,276.90 points in early trade.

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