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AUD/USD Outlook (4th October 2019)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Overall, AUD/USD is ranging across. Recently, AUD/USD is ranging across within 110pips.

The Australian retail sales data released was worse than forecasted.
  • Retail Sales m/m (Actual: 0.4%, Forecast: 0.5%, Previous: -0.1%)

Next Monday, most Australian banks will be closed in observance of Labor Day. Lower trading volume and volatility is expected.

AUD/USD’s next support level is at 0.67000 and the next resistance level is at 0.68800.

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