• FxWirePro: Kiwi reverses previous gain against Aussie after new zealand’s retail sales data

    Source: FxWire Pro - Technicals / 25 Nov 2019 20:39:05   America/New_York

    • AUD/NZD is currently trading around 1.0571 marks.
       
    • Pair made intraday high at 1.0574 and low at 1.0552 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 1.0561 marks.
       
    • A sustained close above 1.0561 will drag the parity higher towards key resistances around 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
       
    • Alternatively, a daily close below 1.0561 will take the parity down towards key supports around 1.0465/1.0407/1.0339 marks respectively.
       
    • Kiwi retail sales q/q stands at 1.6 pct vs 0.2 pct previous release.
       
    • Kiwi core retail sales q/q stands at 1.8 pct vs 0.3 pct previous release.
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