FxWirePro: Kiwi marginally higher on robust retail sales data
Monday, May 15, 2017 1:04 AM UTC
- 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 1.0770 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