Australia's Feb retail sales came at 0.0% m/m vs 0.4% expected and 0.3% last, a big miss. AUD/USD saw a 30 pip slump post data from 0.7668 levels to around 0.7638.
Technicals on 2-hourly charts indicated downside for the pair. Stochs and are biased lower.
Strong support seen at 0.76 levels, breaks below could see test of 0.7555 ( support). Resistance on the upside is seen at 0.7652 (5-DMA) and then session highs at 0.07678
Our previous call (link below) has hit all targets.
Good to sell rallies around 0.7635/40, SL: 0.77, TP: 0.76/0.7555