FxWirePro: Kiwi strengthens in early Asia on robust retail sales data
Wednesday, August 22, 2018 1:12 AM UTC
- AUD/NZD is currently trading around 1.0977 marks.
- Pair made intraday high at 1.1007 and low at 1.0949 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.1058 mark.
- A sustained close above 1.1000 will drag the parity higher towards key resistances at 1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.1000 will take the parity down towards key supports around 1.0949/1.0844/1.0782/1.0658/1.0572/1.0502 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- NZ Q2 2018 retail sales volumes qq increase to 1.1 % vs previous 0.1 %.
- NZ Q2 2018 retail qrtly vs yr ago increase to 3.1 % vs previous 3 %.
- NZ W 21 August dairy prices increase to -3.6 %.
- NZ W 21 August milk auctions decrease to 3044 tonne vs previous 3136 tonne.