The Aussie posted new lows after this morning’s lower-than-expected retail sales (+0.2% MoM Vs +0.4%) but we are now back where we started at 1.0210. The fall has been stalled for now, with AUD/JPY buying out of Tokyo providing some welcome relief, but there is no sign of any major relieving bounce as yet so best to stick with the short-term down-trend and sell into rallies back towards yesterday’s 1.0250 breakdown point.
