FxWirePro: Aussie strengthens against major peers on robust retail sales data
AUD/NZD is currently trading around 1.0378 marks. Pair made intraday high at 1.0394 and low at 1.0359 marks. Intraday bias remains slightly bullish till the time pair holds key support at 1.0326 marks. A sustained close …
Pair made intraday high at 1.0394 and low at 1.0359 marks.
Intraday bias remains slightly bullish till the time pair holds key support at 1.0326 marks.
A sustained close above 1.0367 will drag the parity higher towards key resistances around 1.0455, 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
Alternatively, a daily close below 1.0326 will take the parity down towards key supports around 1.0264/1.0222/1.0178 marks respectively.
Australia’s retail sales stands at 0.9 pct vs 0.1 pct previous release (expected 0.4 pct).
Australia’s AIG services index stands at 48.7 vs 53.7 previous relase.
Australia’s S&P/ASX 200 was trading 0.68 pct higher at 6,920.55 points.
