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May 27 - 07:55 PM

AUD/USD - Recovers Ground But Faces Retail Sales Test

By Krishna K  —  May 27 - 07:15 PM
  • AUD/USD bid in Asia after grinding higher in holiday-thinned markets Monday

  • Opens 0.4% higher after trading in a 0.6622-0.6659 range; London, NYK closed

  • A higher 0.6550-0.6750 range forms as Fed, RBA reiterate status quo on rates

  • AU April retail sales Tue, will be watched for signs of consumer spending

  • Bounce-back expected after Mar sales unexpectedly fell; 0.2% rise forecast

  • AU, EZ, US, Tokyo inflation data due this week, key for rate expectations

  • Support 0.6620-25,, 0.6600-05, resistance 0.6675-80, 0.6695-00

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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