AUD/USD is fluctuating in a relatively tight range on Friday. US Dollar Index posts modest daily gains amid cautious market mood. Retail Sales, Industrial Production and Consumer Confidence data will be released from the US. The AUD/USD pair fell to 0.7130 area during the Asian session but staged a technical rebound in the early European trading hours. However, the pair struggled to preserve its recovery momentum and erased its gains to turn flat around 0.7150 ahead of key US data releases. USD stays resilient ahead of data Earlier in the day, the data from China showed that Retail Sales in July declined by 1.1% on a yearly basis and came in worse than the market expectation of 0.1%. Additionally, Industrial Production expanded by 4.8% during the same period but missed analysts’ estimate of 5.1%. These data releases made it difficult for China-proxy AUD to gather strength against its peers. On the other hand, the risk-averse market environment, as reflected by heavy losses witnessed in major European equity indexes, is helping the greenback find demand as a safe-haven on Friday. Ahead of Retail Sales, Industrial Production and the University of Michigan’s Consumer Confidence data, the US Dollar Index is posting modest daily gains at 93.30. If the US data arrive weaker than expected and point out to a sluggish economic recovery, the USD could continue to capitalize on risk-off flows and force the pair to stretch lower. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBoC: Will promote healthy development of offshore yuan market FX Street 2 years AUD/USD is fluctuating in a relatively tight range on Friday. US Dollar Index posts modest daily gains amid cautious market mood. Retail Sales, Industrial Production and Consumer Confidence data will be released from the US. The AUD/USD pair fell to 0.7130 area during the Asian session but staged a technical rebound in the early European trading hours. However, the pair struggled to preserve its recovery momentum and erased its gains to turn flat around 0.7150 ahead of key US data releases. USD stays resilient ahead of data Earlier in the day, the data from China showed that Retail Sales in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.