FxWirePro: Aussie trades marginally lower as retail sales data misses expectations
Thursday, March 7, 2019 1:25 AM UTC
- AUD/NZD is currently trading around 1.0379 marks.
- Pair made intraday high at 1.0392 and low at 1.0369 marks.
- Intraday bias remains slightly bearish for the moment.
- A sustained close above 1.0388 will drag the parity higher towards key resistances around 1.0428/1.0488/1.0540/1.0570/1.0590/1.0634 levels respectively.
- Alternatively, a daily close below 1.0388 will take the parity down towards key supports around 1.0368/1.0333/1.0237/1.0192 marks respectively.
- Australia Jan balance goods/services A$+4,549 mln, s/adj (poll: surplus/deficit A$+3,000 mln).
- Australia Jan 2019 retail sales mm increase to 0.1 % (forecast 0.3 %) vs previous -0.4 %.