FxWirePro: Aussie depreciates against major peers as retail sales, AIG services index data miss expectations
Friday, March 6, 2020 1:29 AM UTC
- AUD/NZD is currently trading around 1.0456 marks.
- Pair made intraday high at 1.0501 and low at 1.0454 marks.
- Intraday bias remains bearish for the moment.
- A sustained close above 1.0520 will drag the parity higher towards key resistances around 1.0532, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0489 will take the parity down towards key supports around 1.0397/1.0349/1.0264/1.0222/1.0178 marks respectively.
- Australia’s retail sales m/m stands at -0.3 pct vs -0.7 pct previous release (expected 0.0 pct).
- Australia’s AIG services index stands at 47.0 vs 47.4 previous release.
- Australia’s S&P/ASX 200 was trading 1.60 pct lower at 6,292.80 points.