The AUD/USD pair extends the previous day's late pullback from the 0.
AUD/USD moves away from over a one-month high touched on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited. Australian Retail Sales data does little to provide any impetus to the major. Traders now look to China’s Caixin Service PMI ahead of the US NFP report. 6455 area, or over a one-month high and remains under some selling pressure through the Asian session on Friday. Spot prices currently trade around the 0.6420-0.6415 region, down over 0.
In the meantime, data published by the Australian Bureau of Statistics showed that Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.2% QoQ in the third quarter as compared to a 0.6% drop in the previous quarter. The data, meanwhile, does little to provide any meaningful impetus to the AUD/USD pair.
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