Plenty coming up from Australia today -previews and levels of interest for the AUD

It is a packed day for data and info (Reserve Bank of Australia meeting) from AustraliaI posted previews yesterday:
Coming up at 0030 GMT:  

  • Australian retail sales data for January due Tuesday — preview
  • Australia data preview — Q4 current account due Tuesday (GDP data input)
  • Australia data preview — Public demand (key growth driver & GDP input)
  • Australia data preview — Q4 net exports due Tuesday (GDP data input)

Then, at 0330 GMT:

  • AUD traders — RBA meet Tuesday — a what to expect preview

And more previews today:
The 0030GMT  data:

  • Australian retail sales data for January due 0030 GMT — preview
  • Australia data preview — Q4 net exports due 0030 GMT
  • Australia data preview — Q4 current account due 0030 GMT

RBA:

  • Preview of today’s RBA meeting, what to expect from the statement


Sorting through all the data and RBA will be complex, with plenty of negatives and positives to weigh. For the currency, levels to watch for:
Resistance

  • 0.7770/75 … though right now its finding sellers around 0.7765
  • 0.7790
  • 0.7810/20
  • 0.7840/50

Support

  • 0.7730/40
  • 0.7700/10
  • 0.7650/60

In addition to the data and RBA today, US tariff moves are weighing (impact on commodity prices a concern). AUD/USD is likely a better sell on rallies for intraday moves, but keep an open mind on the currency ’cause it keeps on hanging in there. 

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