Flash: AUD/USD slight boosted by September retail sales numbers - OCBC Bank

FXstreet.com (Athens) – Emmanuel Ng of OCBC Bank says apart from the RBA tomorrow, traders and investors should also look towards the October labor market readings on Thursday, while the better than expected September retail sales numbers this morning gave a slight boost to the AUD/USD in early trade.

Key Quotes

“Despite the supportive global growth data stream, if the pair fails to retake the 0.9500 ceiling convincingly, we would retain our top heavy stance on the AUD ahead of the RBA meeting, with 0.9400 still perceived as the next key support.”