AUD,NZD/FXWW News/Technical Analysis/Trade Ideas

AUD sliding after disappointing retail sales data

AUD/USD is hunting for stops near .8850 after disappointing retail sales data all-but confirmed an RBA rate cut tomorrow. My target is a weekly low and long Fibo near .8775 (see chart) and I’ve stuck a bid in there as I don’t see the pair collapsing.

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