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Aug 02 - 10:55 PM

AUD/USD - No Reaction To Weaker Than Expected Aus Retail Sales

By John Noonan  —  Aug 02 - 09:40 PM
  • Australia Q2 retail sales came in weaker than expected - but no FX reaction nAZN17BYPW

  • Australia trade surplus released at same time slightly higher than expected nAZN17BYVH

  • AUD/USD was trading at 0.6540 before the data and is 0.6545 now

  • Resistance is at former support at 0.6595/0.6600 where selling is tipped

  • There is no support ahead of May 31 low at 0.6459

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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