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- AUD/NZD is currently trading around 1.1087 marks.
- Pair made intraday high at 1.1124 and low at 1.1086 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.1126 mark.
- A sustained close above 1.1126 will drag the parity higher towards key resistances at 1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively.
- Alternatively, a daily close below 1.1049 will take the parity down towards key supports around 1.0963, 1.0862, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
- Australia July retail sales m/m decrease to 0.0 % (forecast 0.3 %) vs previous 0.2 % (revised from 0.3 %).
- Australia July trade balance G&A (A$) decrease to 460 mln aud (forecast 875 mln aud) vs previous 856 mln aud.
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