Aussie Retail Sales big beat fends off the bears in AUD/USD

Australia October Retail Sales arrived at +4.9% vs the 2.5% expected for the month which is a big beat. Xmas shoppers and the covid related pent-up demand is a likely contributing factor with the nation easing out of lockdown. 

AUD/USD is trying to establish a base following a sharp drop earlier in the session.

More to come...