FxWirePro: Aussie trades marginally higher after mixed economic data

• AUD/NZD is currently trading around 1.0590 marks.
   
• Pair made intraday high at 1.0597 and low at 1.0568 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 1.0567 mark.
   
• A sustained close above 1.0587 will drag the parity higher towards key resistances at 1.0652/1.0705/1.0802/1.0945/1.1072 levels respectively.
   
• Alternatively, a daily close below 1.0587 will take the parity down towards key supports around 1.0567/1.0443/1.0380/1.0305 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
   
• Aussie released retail sales data with positive numbers at 0.6 pct m/m vs 0.2 pct previous release.
   
• In addition, Aussie released building approvals data with negative numbers at -6.2 pct m/m vs 17.2 pct previous release.

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