Forex: AUD/NZD fall holds above 1.2500

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FXstreet.com (Barcelona) - AUD/NZD is currently at 1.2523 asks, off recent session and weekly lows at 1.2505, following worse than expected Aussie retail sales for the month of November, coming at -0.1%, when consensus was calling for an increase of +0.3%. Data shows second consecutive month with a declining outcome, and far away from the +1% increase seen back in June.

The cross is down -0.61% for the week so far, and -0.23% since beginning of the new year. NZD/USD is currently near session highs at 0.8383, while AUD/USD is near session lows, at 1.0493. Local share markets show mixed results, with Nikkei down -0.69%, while Australian ASX index is up +0.33%, following a -0.32% decline in SP500.

Immediate support to the downside for AUD/NZD lies at recent session/Dec 11 lows 1.2510/05, followed by Jan 02/Dec 14 lows at 1.2470, and Dec 17 lows at 1.2450. To the upside, closest resistance shows at recent session highs/Dec 07 lows 1.2568, followed by Friday's/Dec 24 lows at 1.2590, and Monday's highs at 1.2641.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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