Chart - Courtesy Trading View
AUD/USD was trading 0.49% lower on the day at 92.53 at around 10:05 GMT. Aussie ignores solid Australian Employment data as poor China data weighs.
Data released earlier on Thursday showed China’s Retail Sales slumped to -5.9% in November versus -3.6% expected and -0.5% prior.
China's Industrial Production came in at 2.2%, also missing market forecasts at 3.3% and compared to 5.0% previous readings.
The disappointing China data joined the recent rebound in the US Dollar ahead of the key central bank announcements to weigh on the AUD/USD prices.
The major failed to cheer solid Australian Employment data. The Australian economy has generated additional 64K jobs vs. the expectations of 19K and former additions of 32.2K.
Further, Australia Consumer Inflation Expectations dropped to 5.2% for December versus 5.7% expected and 6.0% prior.
After grinding sideways below 200-DMA resistance, the pair has shown a downward momentum. Close below 5-DMA will confirm further downside in the pair.
