Forex – AUD/USD Up On Economic Data

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of Australian data on Retail Sales.

AUD/USD was trading at 1.0189, up 0.03% at time of writing.

The pair was likely to find support at 1.0003, Thursday’s low, and resistance at 1.0202, today’s high.

Earlier in the day, official data showed that Retail sales in Australia rose more-than-expected to a seasonally adjusted 0.40% last month from 0.20% in the preceding month.

Analysts had expected Australian retail sales to rise 0.30% last month.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.04% to hit 1.3561 and AUD/JPY rising 0.23% to hit 83.49.

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