Australia Retail Sales for October: +0.4% m/m (expected +0.1%)
The Aussie remains under pressure despite the much stronger October read on Retail Sales. From a short term technical perspective near term support sits at this mornings lows at 0.8384, A break under this level would target the next support zone at 0.8364//0.8372 which is lower channel support and outer Kijun-Sen bands.
At this point only a sustained break above 0.8438 would have us targetting 0.8463//0.8471.
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