FxWirePro: Kiwi falls against major peers as New Zealand’s retail sales, core retail sales data fail to meet expectations
Friday, February 17, 2017 1:07 AM UTC
- AUD/NZD is currently trading around 1.0670 marks.
- Pair made intraday high at 1.0675 and low at 1.0655 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0634 marks.
- A daily close below 1.0662 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- On the other side, a sustained close above 1.0662 will drag the parity higher towards key resistances at 1.0735/1.0754/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
- New Zealand’s Q4 s/adj real retail sales +0.8 pct q/q.
- New Zealand’s Q4 s/adj actual retail sales +4.2 pct y/y.
- New Zealand’s January month s/adj PMI 51.6.