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Jul 20 - 11:55 PM

AUD/USD - Muted Reaction To Weak Aus Preliminary Retail Sales

By John Noonan  —  Jul 20 - 09:47 PM
  • Preliminary June retail sales for Australia fell 1.8% versus -0.5% expected nS9N2NZ005

  • Data likely to deteriorate further as lockdowns in Australia continue

  • AUD/USD showing a muted reaction to the data, but is close to session lows

  • It traded to 0.7340 earlier when Asian equities got off to strong start

  • Support and bids are eyed around 0.7300 with resistance at 0.7355/60

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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