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May 08 - 10:55 PM

AUD/USD - No Reaction As Aus Retail Sales As Expected

By John Noonan  —  May 08 - 09:40 PM
  • Aus Q1 retail sales -0.6% Q/Q as was expected nAZN14XPXL

  • AUD/USD unmoved by the data as it sits around 0.6780 where it opened

  • RBA focussing on inflation and employment in deciding future action

  • Resistance is at the April 14 high at 0.6808 with sellers above 0.6800

  • Support is at Monday's 0.6740 low and the 21-day MA at 0.6693

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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