FxWirePro: Aussie falls against major peers on the back of lower than expected retail sales data
Tuesday, January 10, 2017 12:58 AM UTC
- AUD/NZD is currently trading around 1.0474 marks.
- Pair made intraday high at 1.0496 and low at 1.0469 marks.
- Intraday bias remains neutral till the time pair holds immediate support at 1.0465 marks.
- A consistent close below 1.0465 will take the parity down towards key supports around 1.0420, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- On the other side, a sustained close above 1.0481 will drag the parity higher towards key resistances at 1.0518/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
- Australia’s November retail sales m/m decreases to 0.2 % (forecast 0.4 %) vs previous 0.5 %.