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Derived real-time data in partnership with:
Thomson Reuters
May 07 - 08:36 PM
AUD/USD - Consolidating At Recent Lows Ahead Of Retail Sales
First appeared on eFXplus on May 07 - 06:30 PM
  • Buyers below 0.7500 and sellers above 0.7550 hemming in AUD/USD price action
  • AUD/USD underperformed amid broad USD strength due to selling in EM assets
  • A close above 10-day MA (0.7531 today) needed to relieve downward pressure
  • A break below 0.7470 likely to accelerate trend lower towards 0.7335/40
  • Aus Retail Sales today with market looking for +0.3% for Mar & +0.6% for Q1
  • Aus budget unlikely to have impact on the AUD/USD

aud/usd 2 Click here

aud/usd 1 Click here

Source:
Thomson Reuters IFR Markets

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