On a relatively quiet week of domestic data, traders were in anticipation of today’s Aussie Retail Sales. The data has arrived as follows: Australia Retail Sales for March, preliminary arrived at +1.4% MoM sv expected +1.0%. AUD/USD has stalled in its advance in recent trade and is flat in the session at 0.7722 post the data. Given this was the preliminary data, it is subject to revisions so is less impactful on the Aussie. ”There are also signs that retail is easing in areas where the COVID reopening is more advanced – reflecting both waning ‘catch-up’ demand and a shift back towards non-retail spending,” analysts at Westpac warnd prior to the data today. Meanwhile, AUD/USD is in the process of correcting to a significant resistance zone: For more information on the thesis for the upside bias in the Aussie, see the prior analysis, AUD/NZD Price Analysis: The bulls are stepping in before next bearish impulse. Description of Retail Sales The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it”s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish. 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 AUD/USD bounces off intraday low above 0.7700 on strong Australia Retail Sales FX Street 1 year On a relatively quiet week of domestic data, traders were in anticipation of today's Aussie Retail Sales. The data has arrived as follows: Australia Retail Sales for March, preliminary arrived at +1.4% MoM sv expected +1.0%. AUD/USD has stalled in its advance in recent trade and is flat in the session at 0.7722 post the data. Given this was the preliminary data, it is subject to revisions so is less impactful on the Aussie. ''There are also signs that retail is easing in areas where the COVID reopening is more advanced - reflecting both waning 'catch-up' demand… 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.