The Aussie sees some upside on positive Retail Sales figures. It’s another US NFP Friday and the US DOllar will be driving markets. The AUD/USD is trading into 0.7375, seeing a mild recovery from recent lows after a better-than-expected showing for Aussie Retail Sales. Australia’s Retail Sales figures for June came in at 0.4%, not an overly impressive figure, and hanging onto the previous period’s reading, though the release did beat market forecasts of 0.3%. The AUD/USD ticked into recent lows this week after Aussie trade balance figures showed lopsided declines in imports and exports, but the improved Retail Sales figures from early Friday are helping give the Aussie a last-minute leg up before the US Non-Farm Payrolls jobs report drops on markets at 12:30 GMT. The Aussie has been trapped in rough consolidation for much of July’s trading, and the pair is heading into August’s action resuming the trend, though a strong pop for the Greenback on the upcoming US NFP report could see the Aussie dipping into new lows for 2018. AUD/USD Technical Analysis The Aussie is seeing a brief pick-up off of recent lows near 0.7350, but with traders looking towards the US NFP report market action to cap off the week rests firmly in the hands of Greenback traders, though further downside still requires Aussie shorts to break through the lower end of July’s consolidation range. AUD/USD Chart, 15-Minute Spot rate: 0.7371 Relative change: 0.19% High: 0.7372 Low: 0.7356 Trend: Bearish Support 1: 0.7354 (current week low) Support 2: 0.7317 (four-week low) Support 3: 0.7280 (S3 daily pivot) Resistance 1: 0.7387 (38.2% Fibo retracement level) Resistance 2: 0.7440 (current week high) Resistance 3: 0.7463 (July 25th swing high) 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 Australia: Retail sales rebound – Westpac FX Street 5 years The Aussie sees some upside on positive Retail Sales figures. It's another US NFP Friday and the US DOllar will be driving markets. The AUD/USD is trading into 0.7375, seeing a mild recovery from recent lows after a better-than-expected showing for Aussie Retail Sales. Australia's Retail Sales figures for June came in at 0.4%, not an overly impressive figure, and hanging onto the previous period's reading, though the release did beat market forecasts of 0.3%. The AUD/USD ticked into recent lows this week after Aussie trade balance figures showed lopsided declines in imports and exports, but the improved Retail Sales… 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.
