AUD/USD is barely moving despite above-forecast Australia retail sales and trade balance figures. Retail sales bettered estimates but showed the consumer spending slowed significantly in March. Caution ahead of the RBA is likely keeping the AUD traders on the sidelines. A better-than-expected Aussie consumer spending and trade data released soon before press time is struggling to move the needle on the AUD/USD pair. The consumer spending, as represented by retail sales, rose at a seasonally adjusted rate of 0.3% month-on-month in March, beating the expected 0.2% rise. The actual figure, however, marks a significant slowdown in spending from the 0.8% growth registered in February. Further, Australia’s trade surplus widened to A$ 4,949 million in March, topping the forecast of A$ 4,300 million and up slightly from the preceding month’s print of 4,801 million. Exports, however, dropped 2%, offering little reason for the AUD bulls to cheer the headline surplus figure. As a result, the AUD/USD pair has barely moved from the level of 0.6995 seen before the release of the data. The caution ahead of the Reserve Bank of Australia’s rate decision, due at 04:30 GMT, may be the reason for AUD’s lackluster response to macroeconomic data release. Financial markets now believe there is a 48 % chance the RBA will slice the official interest rates to a record-low 1.25% today, down from 60% seen about ten days ago. Technical Levels  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 US Official: US VP Pence to warn that US may sanction 25 members of Venezuelan Supreme Court FX Street 3 years AUD/USD is barely moving despite above-forecast Australia retail sales and trade balance figures. Retail sales bettered estimates but showed the consumer spending slowed significantly in March. Caution ahead of the RBA is likely keeping the AUD traders on the sidelines. A better-than-expected Aussie consumer spending and trade data released soon before press time is struggling to move the needle on the AUD/USD pair. The consumer spending, as represented by retail sales, rose at a seasonally adjusted rate of 0.3% month-on-month in March, beating the expected 0.2% rise. The actual figure, however, marks a significant slowdown in spending from the 0.8%… 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.