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May 02 - 10:55 PM

AUD/USD - Muted Response To Better Than Expected Aus Retail Sales

By John Noonan  —  May 02 - 09:45 PM
  • Aus retail sales came in slightly better than expected nAZN14WV7L

  • Muted reaction in the AUD/USD as it sits around 0.6665/70

  • Unlikely to impact RBA expectations, as they focus on employment and CPI

  • Resistance is at the 21-day MA at 0.6679 and 200-day MA at 0.6732

  • Support is at 0.6630 - where it was trading before Tuesday's RBA hike

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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