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FxWirePro: Aussie strengthens against major peers on back of higher than expected retail sales data

  • AUD/NZD is currently trading around 1.0942 marks.
     
  • Pair made intraday high at 1.0946 and low at 1.0907 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0885 mark.
     
  • A sustained close above 1.0910 will drag the parity higher towards key resistances at 1.0952/1.1020/1.1072/1.1122/1.1180 levels respectively.
     
  • Alternatively, a daily close below 1.0910 will take the parity down towards key supports around 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.
     
  • Australia June 2018 retail sales mm stays flat at 0.4 % (forecast 0.3 %) vs previous 0.4 %.
     
  • Australia Q2 2018 retail trade increase to 1.2 % (forecast 0.8 %) vs previous 0.2 %.
     
  • Australia's S&P/ASX 200 index up 0.46 pct at 6,269.80 points in early trade.
  • Market Data
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