FxWirePro: Aussie trades marginally higher against major peers after trade balance, retail sales data
Thursday, February 6, 2020 1:48 AM UTC
- AUD/NZD is currently trading around 1.0435 marks.
- Pair made intraday high at 1.0435 and low at 1.0410 marks.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 1.0420 will drag the parity higher towards key resistances around 1.0455, 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0420 will take the parity down towards key supports around 1.0349/1.0264/1.0222/1.0178 marks respectively.
- Australia’s trade balance stands at 5.22B vs 5.52B previous release (expected 5.65B).
- Australia’s retail sales m/m stands at -0.5 pct vs 1.0 pct previous release (expected -0.2).
- Australia’s retail sales q/q stands at 0.5 pct vs -0.1 pct previous release (expected 0.3).
- Australia’s S&P/ASX 200 was trading 0.70 pct higher at 7,023.50 points.