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FxWirePro: Aussie trades marginally lower against major peers after retail sales, trade balance data

AUD/NZD is currently trading around 1.0523 marks. Pair made intraday high at 1.0543 and low at 1.0516 marks. Intraday bias remains neutral till the time pair holds key support at 1.0515 mark. A sustained close above 1.05…

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FxWirePro: Aussie trades marginally lower against major peers after retail sales, trade balance data
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  • AUD/NZD is currently trading around 1.0523 marks.
     
  • Pair made intraday high at 1.0543 and low at 1.0516 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0515 mark.
     
  • A sustained close above 1.0535 will drag the parity higher towards key resistances around 1.0596/1.0648/1.0712/1.0877/1.0955 levels respectively.
     
  • Alternatively, a daily close below 1.0535 will take the parity down towards key supports around 1.0488/1.0432/1.0333/1.0237  marks respectively.
     
  • Australia Oct 2018 retail sales mm increase to 0.3 % (forecast 0.2 %) vs previous 0.2 %.
     
  • Australia Oct 2018 trade balance g&s (a$) decrease to 2316 aud (fcast 3200 aud) vs previous 3017 aud.
     
  • Australia's S&P/ASX 200 index down 0.31 pct at 5,651.10 points in early trade.

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