- Aussie Retail Sales inspire thin bullish action.
- NFP Friday sees markets bracing for another heavy showing.
The AUD/USD peeked higher following the Australian Retail Sales beat, but the major pair still remains constrained below the 0.71 handle in tight Asian markets.
Australia’s Retail Sales clocked in at 0.3%, not an amazing figure but still better than the forecast 0.2% and far better than the previous period’s 0.0% flatline.
Little else remains on the economic calendar for this week, and traders will be gearing up for the US Non-Farm Payrolls reading later today at 12:30 GMT.
AUD/USD levels to watch
The Aussie remains trapped underneath yesterday’s swing high of 0.7110, and while the floor is currently holding at 0.7565, a continued decline will be seeing support vanish as the pair continues to test into fresh lows for 2018, with the nearest bottom sitting at 2009’s low of 0.6247.
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