Forex Flash: AUD/USD near 2-month high after breaking 100 and 200 DMA's

Forex Flash: AUD/USD near 2-month high after breaking 100 and 200 DMA's

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Forex Flash: AUD/USD near 2-month high after breaking 100 and 200 DMA's - Scotiabank

FITITOL--> FXstreet.com (Córdoba) - AUD is flat versus the USD but trading near two month highs "following yesterday's breach of both the 100 (1.0261) and 200 (1.0256) day MA's", says Scotiabank analyst team.

"Stronger retail sales figures have been released, with upward revisions to the previous period, providing a bullish signal for a segment of the Australian economy that remains under pressure", they add. "Finally, trade data will be released following the NA session, with the potential to drive movement in AUD given expectations for a widened deficit".