FxWirePro: Kiwi strengthens in early Asia on robust retail sales data
AUD/NZD is currently trading around 1.0977 marks. Pair made intraday high at 1.1007 and low at 1.0949 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.1058 mark. A sustained close above 1…
Pair made intraday high at 1.1007 and low at 1.0949 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.1058 mark.
A sustained close above 1.1000 will drag the parity higher towards key resistances at 1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
Alternatively, a daily close below 1.1000 will take the parity down towards key supports around 1.0949/1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
NZ Q2 2018 retail sales volumes qq increase to 1.1 % vs previous 0.1 %.
NZ Q2 2018 retail qrtly vs yr ago increase to 3.1 % vs previous 3 %.
NZ W 21 August dairy prices increase to -3.6 %.
NZ W 21 August milk auctions decrease to 3044 tonne vs previous 3136 tonne.
