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FxWirePro: Kiwi falls in early Asia despite higher than expected retail sales data

  • AUD/NZD is currently trading around 1.0703 marks.
     
  • Pair made intraday high at 1.0709 and low at 1.0675 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.0654 mark.
     
  • A sustained close above 1.0683 will drag the parity higher towards key resistances at 1.0730/1.0770/1.0840/1.0945/1.1072/1.1113/1.1163/1.1238 levels respectively.
     
  • Alternatively, a daily close below 1.0683 will take the parity down towards key supports around 1.0654/1.0550/1.0443/1.0392 marks respectively.
     
  • New Zealand Q4 retail sales v/s year ago increase to 5.4 % vs previous 4.1 %.
     
  • New Zealand Q4 retail sales volumes q/q increase to 1.7 % vs previous 0.2 %.
     
  • Australia's S&P/ASX 200 index up 0.60 pct at 5,986.90 points in early trade.

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