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FxWirePro: Kiwi falls in early Asia despite higher than expected retail sales data

AUD/NZD is currently trading around 1.0703 marks. Pair made intraday high at 1.0709 and low at 1.0675 marks. Intraday bias remains slightly bullish till the time pair holds key support at 1.0654 mark. A sustained close a…

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FxWirePro: Kiwi falls in early Asia despite higher than expected retail sales data
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  • AUD/NZD is currently trading around 1.0703 marks.
     
  • Pair made intraday high at 1.0709 and low at 1.0675 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.0654 mark.
     
  • A sustained close above 1.0683 will drag the parity higher towards key resistances at 1.0730/1.0770/1.0840/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
     
  • Alternatively, a daily close below 1.0683 will take the parity down towards key supports around 1.0654/1.0550/1.0443/1.0392 marks respectively.
     
  • New Zealand Q4 retail sales v/s year ago increase to 5.4 % vs previous 4.1 %.
     
  • New Zealand Q4 retail sales volumes q/q increase to 1.7 % vs previous 0.2 %.
     
  • Australia's S&P/ASX 200 index up 0.60 pct at 5,986.90 points in early trade.

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