• AUD/NZD is currently trading around 1.0609 marks.
   
• Pair made intraday high at 1.0633 and low at 1.0591 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1.0623 levels.
   
• On the top side, a sustained close above 1.0623 will drag the parity higher towards 1.0727/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, a sustained break below 1.05 mark will take the parity down towards key supports around 1.0450, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
   
• Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend. Current upside movement is short term trend correction only.
   
• Australia’s June retail sales m/m decrease to 0.1 % (forecast 0.4 %) vs previous 0.2 %.
   
• Australia’s Q2 retail trade decrease to 0.4 % (forecast 0.5 %) vs previous 0.5 %.