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AUD/USD chart - Trading View
AUD/USD was trading 0.32% lower on the day at 0.7559 at around 05:20 GMT, upside remains capped at 5-DMA.
The pair slipped lower despite upbeat Australia Retail Sales data as risk tone remains tepid amid renewed virus concerns.
Australian Retail Sales soared to +7.0% MoM, led by pre-Christmas shopping, suggesting that fourth-quarter economic growth will rebound strongly.
Aussie largely muted despite upbeat data as risk-off pertaining to the fears of prolonged and stricter lockdowns across the US and Europe weighed.
Major trend remains bullish, back-to-back 'Dragonfly Doji' formations on the daily candles suggest market reluctance to take prices lower.
Price action is currently holding support at 200H MA at 0.7556. Decisive break below could change near-term dynamics.
