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Forex: AUD/USD retests lows after US retail sales

FXstreet.com (Córdoba) - The US dollar strengthened across the board and dragged AUD/USD back to lows after data showed US retail sales grew 0.1% in April, beating expectations of a 0.3% decline.

However, AUD/USD found once again support at 0.9952, where the pair scored an 11-month low earlier on the day. At time of writing, AUD/USD is trading around 0.9965/70, still down 0.3% on the day.

As for technical levels, if AUD/USD breaks decisively below 0.9950, next supports are seen at 0.9922 (low Jun 14) and 0.9900 (psychological level). On the other hand, resistances could be found at 1.0010 (daily high) and 1.0095 (high May 10).

Forex: USD/CHF pares losses to 0.9580/83 after US retail

The USD/CHF has rebounded off the 0.9546 level following what has been a disappointing session for the pair. Indeed, the cross has hung around in negative territory, unable to recover or extend the downside given the lack of drivers during the European session. In these moments the pair is trading at 0.9580/83 after the US data release, bar far the marquee event Monday.
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Forex: Sterling shed an initial 20 pips on opposite retail sales, which rose unexpectedly

Sterling has dropped an initial 20 pips and might be expected to continue lower to the downside.
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