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Thomson Reuters
Apr 02 - 09:48 PM
AUD/USD - Easing Towards Tuesday's Low Ahead Of Retail Sales
First appeared on eFXplus on Apr 02 - 08:15 PM
  • AUD/USD moving lower in early trading, as market awaits Aus Retails Sales
  • Market pricing in RBA easing after perceived dovish tweaks in RBA statement
  • A cut fully priced in for Aug meeting and June meeting live with 50% chance
  • AUD/USD support at yesterday's 0.7051 low and minor support around 0.7040
  • Break below 0.7040 lines up a test of key support at 0.7000/05
  • Market expecting Retail Sales +0.2% - a better number could see relief rally

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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