FxWirePro: Aussie falls against major peers as retail sales, trade balance data miss expectations
Thursday, December 5, 2019 1:15 AM UTC
- AUD/NZD is currently trading around 1.0443 marks.
- Pair made intraday high at 1.0496 and low at 1.0424 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0526 marks.
- A sustained close above 1.0485 will drag the parity higher towards key resistances around 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
- Alternatively, a daily close below 1.0485 will take the parity down towards key supports around 1.0407/1.0339/1.0264/1.0222 marks respectively.
- Australia’s retail sales stand at 0.0 vs 0.2 previous release (expected 0.3).
- Australia’s trade balance stands at 4.50B vs 6.49B previous release (expected 6.50B).