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Australian Dollar Forecast: Key AUD/USD, AUD/NZD Levels to Watch
2021-01-22 09:00:00
Justin McQueen,
Analyst
AUD/NZD | Rich Levels Relative to Spreads
A bout of risk aversion sees the Australian Dollar under pressure this morning with a larger than expected drop in retail sales adding to the soft tone for the currency. However, the retail sales data can be largely overlooked given that it is a slight normalisation from the Black Friday inspired boost in prior month. That said, the trend remains the same for the US Dollar, which is likely to continue its downtrend.
AUD/USD | Pullbacks Finding Support ....

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