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Derived real-time data in partnership with:
Thomson Reuters
Oct 04 - 11:00 PM
AUD/USD - Blip Up On Retail Sales - Bearish Bigger Pictur
First appeared on eFXplus on Oct 04 - 09:40 PM
  • -0.1% into retail sales - headline +0.3% - RTRS poll +0.2% - 10 pip bounce
  • Data provides short term support, but doesn't change negative bigger picture
  • AUD off 1.5% this week on a combination of USD strength & proxy for EM risk
  • 5, 10 & 21 daily, weekly and monthly MAs trend - rare & strong bearish setup
  • Little significant support ahead of the 2016 0.6827 trend low
  • Earlier 0.7065 low support, NY 0.7097 high & 0.7100 371M strikes resistance

aud oct 5 Click here

Source:
Thomson Reuters IFR Markets

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