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AUDUSD Continues Range Trading, Retail Sales Coming Up

AUD

The US dollar softened on lower Treasury yields and stronger US equities (USD index -0.2%) and Aussie benefited with AUDUSD trending higher but still within recent ranges. The pair rose 0.1% to 0.6667 and is currently slightly higher at 0.6669.

  • AUDUSD is in consolidation mode and trading between the key directional triggers. The bull trigger is at 0.6714 and key support is at 0.6576.
  • AUDJPY is 0.1% higher at 107.65 after a high of 107.71. AUDNZD is little changed at 1.0967 reaching a high of 1.0989 earlier. AUDEUR is marginally higher at 0.6206 but AUDGBP is down 0.2% to 0.5256.
  • Equities were mixed with the S&P up 0.6% but Euro stoxx down 0.5%. Oil prices were lower with WTI down 0.3% to $83.04/bbl. Copper is up 0.2% and iron ore slightly lower at around $109/t.
  • Today May retail sales, building approvals and final June Judo Bank composite/services PMIs print.

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