Thursday, October 15, 2026

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

AUD/NZD is currently trading around 1.0952 marks. Pair made intraday high at 1.0955 and low at 1.0921 marks. Intraday bias remains bullish till the time pair holds key support at 1.0920 mark. A sustained close above 1.09…

By FxWirePro Team
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FxWirePro: Aussie strengthens against major peers on the back of higher than expected retail sales data
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  • AUD/NZD is currently trading around 1.0952 marks.
     
  • Pair made intraday high at 1.0955 and low at 1.0921 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0920 mark.
     
  • A sustained close above 1.0931 will drag the parity higher towards key resistances at 1.0998/1.1072/1.1122 levels respectively.
     
  • Alternatively, a daily close below 1.0931 will take the parity down towards key supports around 1.0870/1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Australia May 2018 retail sales m/m increase to 0.4 (forecast 0.3 ).
     
  • Australia May 2018 trade balance G&S (A$) increase to 827 (forecast 1200). 
     
  • Australia's S&P/ASX 200 index down 0.01 pct at 6,209.60 points in early trade.

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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