444

Retail sales data cheered the bulls on the Australian dollar.

Retail sales growth in Australia in November three times higher than forecast, which caused a sharp surge of optimism in the ranks of the bulls > the price of 0.7840 to ofer in the area of 0.7875/85 (Jan highs/61.8% of the decline from 08/09/17). For the resumption of the active phase of growth, the time may not come, but the dynamics of the AUDUSD shows that the sentiment in the Australian dollar remains positive, and convincing breakthrough above 0.7885 would mean a shift of focus to 0.7977 (76.4% of the decline from 08/09/17) and 0.8125.