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FxWirePro: Aussie strengthens in early Asia on robust retail sales data

AUD/NZD is currently trading around 1.0941 marks. Pair made intraday high at 1.0941 and low at 1.0881 marks. Intraday bias remains bullish till the time pair holds key support at 1.0860 mark. A sustained close above 1.08…

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FxWirePro: Aussie strengthens in early Asia on robust retail sales data
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  • AUD/NZD is currently trading around 1.0941 marks.
     
  • Pair made intraday high at 1.0941 and low at 1.0881 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0860 mark.
     
  • A sustained close above 1.0893 will drag the parity higher towards key resistances at 1.0945/1.0995/1.1050/1.1113/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.0893 will take the parity down towards key supports around 1.0830, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Nov retail sales m/m increase to 1.2 % (forecast 0.4 %) vs previous 0.5 %.
     
  • Australia's S&P/ASX 200 index down 0.15 pct at 6,087.80 points in early trade.

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