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Nov 03 - 10:55 PM

AUD/USD - Little Reaction To Aus Retail Sales And RBA SOMP

By John Noonan  —  Nov 03 - 08:45 PM
  • AUD/USD steady between 0.6290/0.6300 after release of retail sales and SOMP

  • RBA SOMP revised forecasts were already flagged in RBA statement Tuesday nS9N31B00R

  • Aus Q3 retail sales came in at +0.2% against expectations of +0.4% nAZN0PKIRQ

  • AUD/USD resistance @ 21-day MA at 0.6336 and break eases downward pressure

  • Support is at yesterday's 0.6272 low- which was also low on Oct 24

  • Consolidation likely ahead of key US non-farm payrolls later today

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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