Analyst
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 0.64221 with take profit at 0.64020.
Alternative scenario: Buy position is envisaged if price trades above 0.64453 with take profit at 0.64729.
Core retail sales m/m (USD) 2:30 pm
Retail sales m/m (USD) 2;30 pm
Comment: The dollar got a big boost as unemployment claims data came out good, though the Kiwi has also been fairly supported this week. The pair is still expected to close lower for today especially if the data for today comes out positive.
Intraday: Bearish
Preference: Sell position is envisaged if price trades below 29396 with take profit at 29311.
Alternative scenario: Buy position is envisaged if price trades above 29504 with take profit at 29559.
Core Retail Sales m/m 2:30pm (USD)
Retail Sales m/m 2:30pm (USD)
Comment: US30 is expected to make some bearish move pending the release of the retail sales data later today. A decline in Core retail sales is expected owing to the impact of the deadly coronavirus on the global economy.
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