FxWirePro: Kiwi reverses previous gain against Aussie after New Zealand’s retail sales data
AUD/NZD is currently trading around 1.0571 marks. Pair made intraday high at 1.0574 and low at 1.0552 marks. Intraday bias remains bullish till the time pair holds key support at 1.0561 marks. A sustained close above 1.0…
Pair made intraday high at 1.0574 and low at 1.0552 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0561 marks.
A sustained close above 1.0561 will drag the parity higher towards key resistances around 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
Alternatively, a daily close below 1.0561 will take the parity down towards key supports around 1.0465/1.0407/1.0339 marks respectively.
Kiwi retail sales q/q stands at 1.6 pct vs 0.2 pct previous release.
Kiwi core retail sales q/q stands at 1.8 pct vs 0.3 pct previous release.
