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AUD/USD chart - Trading View
AUD/USD was trading 0.12% lower at 0.7523 at 03:30 GMT, minor weakness on charts.
The pair is extending corrective pullback from multi-year high, mixed China data dump fails to impress.
China’s Industrial Production matches the 7.0% forecast while Retail Sales eases below 5.2% to 5.0% YoY, above their respective previous readings of 6.9% and 4.3%.
Meanwhile, Fixed Asset Investment YoY stood at 2.6% vs. +2.6% expected and +1.8% last.
AUD/USD sees little action following the mixed batch of China data.
The Reserve Bank of Australia's (RBA) December meeting minutes released early Tuesday showed policymakers stood ready to boost stimulus if required.
The dovish tone from the RBA and the mixed batch of China data keeps the Australian dollar suppressed.
Major trend is bullish, but intraday charts show some weakness. Dip till 200H MA at 0.7466 likely. Breach at 200H MA support will see further downside.
