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3 Apr 2014
AUD/USD targeting stops below 0.9215
FXStreet (Bali) - strong>AUD/USD is trading heavy post Aus domestic data, posting a new session low of 0.9217.
While the domestic data came mixed up, with retail sales marginally missing estimates (0.2% VS 0.3%) and the trade surplus above what was expected (1.2bil VS 0.85bil) , the market appears determined to go for a clean-out of positions, with reported stops under 0.9215 now under threat.
The next risk event for the Australian Dollar is a speech by RBA Governor Glenn Stevens, who will addressing the American Chamber of Commerce in Australia (AMCHAM) iiNet Business Luncheon, Brisbane, from 1.50 pm local time (2.50GMT).
While the domestic data came mixed up, with retail sales marginally missing estimates (0.2% VS 0.3%) and the trade surplus above what was expected (1.2bil VS 0.85bil) , the market appears determined to go for a clean-out of positions, with reported stops under 0.9215 now under threat.
The next risk event for the Australian Dollar is a speech by RBA Governor Glenn Stevens, who will addressing the American Chamber of Commerce in Australia (AMCHAM) iiNet Business Luncheon, Brisbane, from 1.50 pm local time (2.50GMT).