FxWirePro: Kiwi reverses previous gain against Aussie after New Zealand’s retail sales data
Tuesday, November 26, 2019 1:24 AM UTC
- AUD/NZD is currently trading around 1.0571 marks.
- Pair made intraday high at 1.0574 and low at 1.0552 marks.
- Intraday bias remains bullish till the time pair holds key support at 1.0561 marks.
- A sustained close above 1.0561 will drag the parity higher towards key resistances around 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
- Alternatively, a daily close below 1.0561 will take the parity down towards key supports around 1.0465/1.0407/1.0339 marks respectively.
- Kiwi retail sales q/q stands at 1.6 pct vs 0.2 pct previous release.
- Kiwi core retail sales q/q stands at 1.8 pct vs 0.3 pct previous release.