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AUD/USD chart - Trading View
AUD/USD was trading 0.23% lower on the day at 0.7753 at around 02:15 GMT.
Aussie stayed largely unimpressed despite upbeat Australia Retail Sales data.
Australia preliminary Retail Sales came in better-than-expected of 0.5% with +1.1% MoM but fell behind the 1.3% in the previous month.
Further, Australia’s Commonwealth Bank (CBA) May month Services PMI fell to 58.2 versus 58.9 forecast and 58.8 prior.
The CBA Manufacturing PMI crossed 59.8 market consensus and 59.7 previous readouts with 59.9 figures, causing the Composite PMI to ease from 58.9 to 58.1.
The major ignores better-than-expected preliminary Retail Sales data and remains largely muted amid mixed sentiment.
Technical bias for the pair remains neutral. 55-EMA is offering strong support. Break below will see major weakness.
Risk catalysts to determine near-term direction. Focus also on key US PMI data for impetus.
