FxWirePro: Kiwi marginally higher on robust retail sales data
AUD/NZD is currently trading around 1.0763 marks. Pair made intraday high at 1.0778 and low at 1.0749 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0804 marks. A daily close below 1.07…
Pair made intraday high at 1.0778 and low at 1.0749 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0804 marks.
A daily close below 1.0770 will take the parity down towards key supports around 1.0700, 1.0667, 1.0610, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
On the other side, a sustained close above 1.0770 will drag the parity higher towards key resistances at 1.0804/1.0865/1.0912/1.0966/1.1062/1.1148 levels respectively.
New Zealand released retail sales data with positive numbers at 1.5% q/q vs 0.6% q/q previous release.
New Zealand’s core retail sales at 1.2% q/q vs 0.7% q/q
