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Oct 03 - 11:00 PM
AUD/USD - Muted Response To A Minor Miss In Retail Sales
First appeared on eFXplus on Oct 03 - 09:40 PM
  • Up 0.2% into retail sales, which came in at +0.4% poll +0.5%, last -0.1%

  • Muted knee jerk response, and the data should not significantly impact AUD

  • OIS has an RBA cut fully priced for Dec - Nov 72.6%, yesterday's close 79.6%

  • Charts - 5, 10 & 21 daily weekly and monthly MAs track lower - bearish setup

  • Earlier 0.6739 base, then 0.6702 London low first supports

  • 0.6756 38.2% Sep/Oct fall, then 0.6782 50% initial resistance

aud 2oct 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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