The AUD gained on the Kiwi as the pair went from 1.2577 at opening to 1.2609. This represents a move of 0.29%.
A rise of 0.1% in retail spending in New Zealand during the September quarter suggests a slow recovery. Appliances were up 6.5%, followed by a 3.8% rise in clothing. On the downside, vehicle sales dropped 2% and department store sales were also down by 3.1%.
However, the Kiwi will hitch its fortunes on the Aussie in the near term. The Aussie is gaining against most currencies following a jump in the unemployed to 5.8% in October.
AUD/USD (Nov 12 at 06:37 GMT)
H 0.9371 L 0.9293
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.9291 | 0.9315 | 0.9338 | 0.9347 | 0.9370 | 0.9394 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Nov 12 at 06:00 (15-minute timeframe) |
[ View AUD/USD Technical Studies ]
