AUD/USD breaks 200 dma post positive retail sales

Currently, AUD/USD is trading at 0.7428, up 0.14% on the day, having posted a daily high at 0.7432 and low at 0.7413.

AUD/USD is up through the 1hr 200 dma at 0.7424 on the back of the Aussie retail sales. Australia's October retail sales arrived at +0.5% vs +0.3% exp and +0.6% previous and the Aussie is on the way for a test of the 27th and 29th low of 0.7432. The markets are now getting set for the showdown in the US shift in nonfarm payrolls where a rise of 175k in Nov is expected following a 161k gain in Oct.

Market wrap: Volatility ruled - ANZ

AUD/USD levels

Current price is 0.7429, with resistance ahead at 0.7432 (Daily High), 0.7446 (Hourly 100 SMA), 0.7463 (Daily Classic R1), 0.7483 (Weekly High) and 0.7488 (Daily 20 SMA). Next support to the downside can be found at 0.7424 (Hourly 200 SMA), 0.7422 (Yesterday's High), 0.7419 (Daily Classic PP), 0.7419 (Daily Open) and 0.7413 (Daily Low).