• FxWirePro: Kiwi falls against major peers as retail sales data misses expectations

    Source: FxWire Pro - Technicals / 20 May 2018 21:56:49   America/New_York

    • AUD/NZD is currently trading around 1.0891 marks.
       
    • Pair made intraday high at 1.0901 and low at 1.0855 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 1.0850 mark.
       
    • A sustained close above 1.0850 will drag the parity higher towards key resistances at 1.0920/1.0998/1.1072/1.1122 levels respectively.
       
    • Alternatively, a daily close below 1.0850 will take the parity down towards key supports around 1.0795/1.0736/1.0620/1.0572/1.0506 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
       
    • New Zealand Q1 retail sales volumes q/q decrease to 0.1 % vs previous 1.7 %.
       
    • New Zealand Q1 retail qrtly vs yr ago decrease to 3 % vs previous 5.4 %.
       
    • New Zealand Q1 retail sales volumes q/q decrease to 0.1 % vs previous 1.7 %.

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