• FxWirePro: Kiwi falls in early Asia as retail sales data fails to match expectations

    Source: FxWire Pro - Technicals / 22 Nov 2017 20:39:16   Eastern Standard Time

    • AUD/NZD is currently trading around 1.1080 marks.
       
    • Pair made intraday high at 1.1082 and low at 1.1058 marks.
       
    • Intraday bias remains slightly bullish till the time pair holds key support at 1.1052 mark.
       
    • A sustained close above 1.1060 will drag the parity higher towards key resistances at 1.1116/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
       
    • Alternatively, a daily close below 1.1060 will take the parity down towards key supports around 1.1012, 1.0989, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
       
    • Australia's S&P/ASX 200 index up 0.08 pct at 5,991.10 points in early trade.
       
    • New Zealand Q3 2017 retail sales volumes q/q decrease to 0.2 vs previous 2 (revised from 0.2 ).
       
    • New Zealand Q3 2017 retail qrtly vs year ago decrease to 4.1 vs previous 5.4 (revised from 4.1 ).

    FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest