• AUD/NZD is currently trading around 1.0658 marks.
   
• Pair made intraday high at 1.0699 and low at 1.0650 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 1.0722 marks.   
   
• A sustained close above 1.0709 will drag the parity higher towards 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
   
• Alternatively, current down fall will take the parity down towards key supports around 1.0528, 1.0497, 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.
   
• New Zealand’s retails sales data released with positive numbers at 2.3% Q/Q vs 1.0% Q/Q previous release. In addition, core retail sales data released to 2.6% Q/Q vs 1.1% Q/Q previous release.