• FxWirePro: Kiwi strengthens against major peers on the back of higher than expected retail sales data

    Source: FxWire Pro - Technicals / 25 Aug 2019 05:02:38   America/New_York

    • AUD/NZD is currently trading around 1.0573 marks.
       
    • Pair made intraday high at 1.0614 and low at 1.0568 marks.
       
    • Intraday bias remains bearish for the moment.
       
    • A sustained close above 1.0610 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 1.0610 will take the parity down towards key supports around 1.0560/1.0518/1.0407/1.0339/1.0275/1.0237 marks respectively.
       
    • Kiwi retail sales q/q 0.2 pct vs 0.7 pct previous release (expected 0.1 pct).
       
    • Kiwi core retail sales q/q 0.3 pct vs 0.6 pct previous release (expected 0.2 pct).
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