AUD trade and retail sales data today
I bought back into AUD/NZD on yesterday’s dip and am hoping that the next leg higher will take us towards 1.10. Today’s economic data might be the next trigger to convince those increasingly stale shorts to run for cover? Guess we will find out at 11:30 this morning.
The AUD/USD looks to me to be establishing a continuation pattern on the hourly chart with parameters .8900/35; I expect a bullish break.