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Derived real-time data in partnership with:
Thomson Reuters
May 07 - 12:12 AM
AUD/USD - Mixed Retail Sales And A Strong Trade Surplus
First appeared on eFXplus on May 06 - 09:45 PM
  • Retail sales mixed, but strong trades, though imports and exports slipped
  • Muted AUD response to the data - traded 0.6990/00 over the release
  • Negative momentum studies, 5, 10 & 21 daily, weekly and monthly MAs fall
  • Strong bearish setup targets a test of 0.6936, 61.8% of the 2019 rise
  • 0.7018 10 DMA then 0.7025 NY close on Friday are initial resistance
  • Yesterday's 0.6960 low, then the 0.6936 Fibo are initial support
  • All eyes now on the RBA - expectations are finely balanced

audd2 may 7 Click here

Source:
Thomson Reuters IFR Markets

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