FxWirePro: Kiwi remains almost unchanged despite lower than expected retail sales data
Wednesday, May 22, 2019 1:17 AM UTC
- AUD/NZD is currently trading around 1.0575 marks.
- Pair made intraday high at 1.0581 and low at 1.0571 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0600 mark.
- A sustained close above 1.0587 will drag the parity higher towards key resistances around 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0557 will take the parity down towards key supports around 1.0532/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
- New Zealand W 21 May dairy prices decrease to -1.2 % vs previous 0.4 %.
- New Zealand Q1 2019 retail sales volumes qq decrease to 0.7 % vs previous 1.7 %.
- New Zealand Q1 2019 retail qrtly vs yr ago decrease to 3.3 % vs previous 3.5 %.