FxWirePro: Kiwi falls against major peers as New Zealand’s retail sales, core retail sales data fail to meet expectations
AUD/NZD is currently trading around 1.0670 marks. Pair made intraday high at 1.0675 and low at 1.0655 marks. Intraday bias remains bullish till the time pair holds immediate support at 1.0634 marks. A daily close below 1…
Pair made intraday high at 1.0675 and low at 1.0655 marks.
Intraday bias remains bullish till the time pair holds immediate support at 1.0634 marks.
A daily close below 1.0662 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
On the other side, a sustained close above 1.0662 will drag the parity higher towards key resistances at 1.0735/1.0754/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
New Zealand’s Q4 s/adj real retail sales +0.8 pct q/q.
New Zealand’s Q4 s/adj actual retail sales +4.2 pct y/y.
