AUD: Plenty of risk events today

  • New Zealand holiday today.
  • Minor Australian inflation data and of course retail sales (+0.3% expected after -0.4% last time).
  • HSBC China manufacturing PMI and also official non-manufacturing PMI.
  • AUD/NZD has broken higher and its technical target is an important level at 1.2145; support at previous pivot near 1.1950.
  • AUD/USD expected to trade .9560/.9660 today according to local dealers.

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