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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 1.0931 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.
  • Market Data
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