AUD/USD chart - Trading View
AUD/USD was trading unchanged at 0.7237 at around 04:30 GMT. The Australian dollar was unfazed after poor retail sales data released earlier on Friday.
Australia Retail Sales for July was revised down from -1.8% initial forecast to -2.8%, versus -2.3% expected second estimation figure.
AUD/USD is in a major downtrend and recovery attempts capped shy of 21-EMA which is offering stiff resistance at 0.7289.
Markets await the outcome at Jackson Hole Symposium for cues from the U.S. Federal Reserve on its tapering plans.
Focus also on Fed chair Jerome Powell speech, which could decide the direction of the pair's moves.
Sentiment sours amid rising Covid cases of the new Delta variant, tensions in Afghanistan and US-China tussle keeping the antipodeans under pressure.
Technical bias is bearish as long as pair closes below 200-week MA. Scope for test of 38.2% Fib at 0.7051.


FxWirePro- Major European Indices
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major US Indices
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/ZAR edges higher but bearish outlook persists
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro:EUR/AUD eases but bullish outlook persists
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Woodies Pivot(Major)
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Crypto levels and bias summary 



