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Thomson Reuters
Jul 04 - 02:36 AM
AUD/USD - Boosted By Solid Retail Sales, Attempts To Turn Up
First appeared on eFXplus on Jul 03 - 09:45 PM
  • AUD/USD blips higher to 0.7420 on stronger than expected retail sales
  • May retail sales come in at 0.4% vs 0.3% expected and 0.4% prior, 0.5% rev
  • May trade surplus at $827 mln vs $1,200 mln expected and rev $472 mln prior
  • Breaks Mon high at 0.7415, now targets highs at 0.7442, 38.2 Fibo at 0.7450
  • Outlook mixed as s/t MAs and momentum studies attempt to base, not clear yet
  • Close above 21 DMA @ 0.7457 will negate downside, open a move to higher lvls

AUD daily: Click here

Source:
Thomson Reuters IFR Markets

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