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FxWirePro: Kiwi falls against major peers after as retail sales data misses expectations

  • AUD/NZD is currently trading around 1.0454 marks.
     
  • Pair made intraday high at 1.0459 and low at 1.0423 marks.
     
  • Intraday bias remains bullish for the moment.
     
  • A sustained close above 1.0476 will drag the parity higher towards key resistances around 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
     
  • Alternatively, a daily close below 1.0432 will take the parity down towards key supports around 1.0414/1.0349/1.0264/1.0222/1.0178 marks respectively.
     
  • New Zealand’s retail sales q/q stands at 0.7 pct vs 1.7 pct previous release (expected 0.8).
     
  • New Zealand’s core retail sales q/q stands at 0.5 pct vs 1.9 pct previous release (expected 0.9).
  • Market Data
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