FxWirePro: Aussie strengthens in early Asia after retail sales data, RBA’s cash rate decision in focus

• AUD/NZD is currently trading around 1.0762 marks.
   
• Pair made intraday high at 1.0766 and low at 1.0738 marks.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 1.0705 mark.
   
• A sustained close above 1.0742 will drag the parity higher towards key resistances at 1.0826/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
   
• Alternatively, a daily close below 1.0742 will take the parity down towards key supports around 1.0692/1.0654/1.0550/1.0443 marks respectively.
   
• Australia Jan retail sales mm increase to 0.1 % (forecast 0.4 %) vs previous -0.5 %.
   
• Australia Q4 current account balance decrease to -14 bln au (forecast -12.6 bln au) vs previous -9.1 bln au.
   
• Australia's S&P/ASX 200 index up 0.97 pct at 5,952.30 points in early trade.
   
• RBA will release cash rate decision at 0330 GMT.

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