By Rob Howard — Jul 16 - 05:45 AM
AUD/USD drops to test 0.6733 (July 10 low) ahead of US retail sales data
Drop influenced by profit-taking on longs after 0.68 resistance holds
CFTC data showed net AUD position recently flipped to first long since 2021
US June retail sales data due at 1230 GMT; minus 0.3% MM forecast
0.6724 (last week's low) and 0.6700 are AUD/USD support levels below 0.6733
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Source:
Refinitiv IFR Research/Market Commentary