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Jul 02 - 10:55 PM

AUD/USD - Retail Sales Close To Expectations - Little Impact

By Andrew M Spencer  —  Jul 02 - 09:40 PM
  • +0.05%, extending yesterday's 0.15% gain ahead of retail sales

  • Retail sales came in at 16.9%, against a poll of 16.3% - no impact

  • Risk continues to lead - positive Asian stocks, ASX 200 +0.9%, Nikkei +0.5%

  • Techs; momentum studies, 5, 10 & 21 DMAs conflict or coil - neutral setup

  • Choppy 0.6777-0.6977 range is in it's fourth week - set to extend

  • Horizontal 0.6808-0.7003 21 day Bollinger bands also support range trading

  • NY 0.6902-0.6952 post payrolls range is initial support-resistance

    For more click on FXBUZ

aud jul 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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