Friday, October 16, 2026

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FxWirePro: Aussie strengthens against major peers on back of higher than expected retail sales data

AUD/NZD is currently trading around 1.0942 marks. Pair made intraday high at 1.0946 and low at 1.0907 marks. Intraday bias remains bullish till the time pair holds key support at 1.0885 mark. A sustained close above 1.09…

By FxWirePro Team
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FxWirePro: Aussie strengthens against major peers on back of higher than expected retail sales data
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  • AUD/NZD is currently trading around 1.0942 marks.
     
  • Pair made intraday high at 1.0946 and low at 1.0907 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0885 mark.
     
  • A sustained close above 1.0910 will drag the parity higher towards key resistances at 1.0952/1.1020/1.1072/1.1122/1.1180 levels respectively.
     
  • Alternatively, a daily close below 1.0910 will take the parity down towards key supports around 1.0844/1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Australia June 2018 retail sales mm stays flat at 0.4 % (forecast 0.3 %) vs previous 0.4 %.
     
  • Australia Q2 2018 retail trade increase to 1.2 % (forecast 0.8 %) vs previous 0.2 %.
     
  • Australia's S&P/ASX 200 index up 0.46 pct at 6,269.80 points in early trade.

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team