FxWirePro: Aussie rises on the back of higher than expected retail sales data, RBA’s cash rate decision in focus
AUD/NZD is currently trading around 1.0590 marks. Pair made intraday high at 1.0593 and low at 1.0560 marks. Intraday bias remains bullish till the time pair holds key support at 1.0557 mark. A sustained close above 1.05…
Pair made intraday high at 1.0593 and low at 1.0560 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0557 mark.
A sustained close above 1.0587 will drag the parity higher towards key resistances around 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
Alternatively, a daily close below 1.0557 will take the parity down towards key supports around 1.0532/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
Australia March 2019 retail sales mm decrease to 0.3 % (forecast 0.2 %) vs previous 0.8 %.
Australia March 2019 trade balance G&S (A$) increase to 4949 aud (forecast 4300 aud) vs previous 4801 aud.
