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AUD/NZD Consolidates Before Ahead of Retail Sales

NZD
  • AUD/NZD hit a high of 1.0687 post the RBNZ decision on Wednesday, the move has partially been reversed hitting a post RBNZ low of 1.0674, the pair currency trades just above there now at 1.0653 as we head into AU Retail Sales data.
  • Key technical levels to watch initial resistance at 1.0687 (Feb 28 Highs), above here opens a move to retest 1.0700 (Feb 15 Highs/January's Floor). While to the downside 1.0600 (Feb 28 lows) would open up a retest of the yearly lows at 1.0570 made on Feb 23.
  • Looking ahead: NZ Business confidence at 11.00am AEST and AU Retail Sales Due at 11.30am AEST

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