AUD/USD has performed poorly today. Retails Sales figures for December fell 0.2% against a market expectation of a 0.3% rise. AUD/USD fell from around 1.0395 to 1.0370 before lsoing another 20 points in the following hour. Once on 1.0350 it didn’t stir, and hit 1.0340 in the late afternoon. Since then its been capped at 1.055/60.
Sellers at 1.0360/70 and again at 1.0375/85.
Some buyers at 1.0335/40
The market is very bearish on the AUD, but it also appears short; a rally could easily take it to retest those selling levels.
