FX News

NZD/AUD Transfer

Australian Retail Sales yesterday came in poor at -0.4% compared to 0.2% predicted. Although the number wasn’t flash it only temporarily halted the Aussie run higher. Prices reached 1.1000 (0.9090) early Monday before falling back to 1.0960 (0.9125) over the release. This morning’s 1.0995 (0.9095) is a fresh yearly low and indicates a push back towards the prior 1.1100 (0.9080) area may be targeted. NZ unemployment ticked higher to 4.3% this morning in the March quarter was bang on expectations however the figure has been largely balanced out by high migration numbers.

Current Level: 0.9083
Resistance: 0.9200
Support: 0.9075
Last Weeks Range: 0.9093- 0.9202


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