Aussie trades lower on weak retail sales, targets 0.7500

FX:AUDUSD   Australian Dollar / U.S. Dollar
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AUD/USD             has broken major support around 0.7580 on account of weaker than expected retail sales and weak China's services PMI.

Australian retail sales data has showed a 0.3% increase M/M compared to forecast of 0.5%.China's services PMI data declined to 51.8 to 5 month low compared to 53.5 (prior month).

Technically any break below 0.7580 confirms short term weakness, decline till 0.7530/0.7500 is possible.

Short term bullishness only above 0.7648 level. The minor resistance is around 0.7630

it is good to sell around 0.75830-50 with SL around 0.7630 for the TP of 0.7500
sir you still going to short with this chart ? :)
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