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FxWirePro: Kiwi falls in early Asia as retail sales data fails to match expectations

AUD/NZD is currently trading around 1.1080 marks. Pair made intraday high at 1.1082 and low at 1.1058 marks. Intraday bias remains slightly bullish till the time pair holds key support at 1.1052 mark. A sustained close a…

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FxWirePro: Kiwi falls in early Asia as retail sales data fails to match expectations
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  • AUD/NZD is currently trading around 1.1080 marks.
     
  • Pair made intraday high at 1.1082 and low at 1.1058 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.1052 mark.
     
  • A sustained close above 1.1060 will drag the parity higher towards key resistances at 1.1116/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1060 will take the parity down towards key supports around 1.1012, 1.0989, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia's S&P/ASX 200 index up 0.08 pct at 5,991.10 points in early trade.
     
  • New Zealand Q3 2017 retail sales volumes q/q decrease to 0.2 vs previous 2 (revised from 0.2 ).
     
  • New Zealand Q3 2017 retail qrtly vs year ago decrease to 4.1 vs previous 5.4 (revised from 4.1 ).

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