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May 09 - 10:55 PM

AUD/USD - Little Change After Retail Sales And NAB Survey

By John Noonan  —  May 09 - 09:47 PM
  • Aus retail sales slightly worse than expected, but still solid nAZN0NYP00

  • NAB Business conditions and confidence improved - conditions at record high [nS9N2KV01Z

  • AUD/USD little changed and trading around 0.7850 after the data

  • AUD/USD traded to 0.7862 earlier - just 1 pip shy of Friday's 0.7863 high

  • Resistance is at the 76.4 fibo of the 0.8007/0.7532 move at 0.7895

  • Support comes in at former resistance at 0.7815/25

  • Backdrop remains AUD-bullish with AXJ equity index up 0.42%

  • Lon copper futures are up over 1.7% and Dalian iron ore is up nearly 10%

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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