The pair is finally looking to snap a run of six straight days of gains, with price down 0.5% to 0.6534 on the day. It comes after a softer retail sales data earlier here, which crushes the train of thought that the RBA might have gone back to rate hikes. The softer Chinese PMI data here also isn't really helping with the overall mood.After having run up to test its 100-day moving average (red line) yesterday, price action is being kept in check as sellers hold the line there. That level is seen at 0.6583 currently. Right now, we're seeing price retreat back but still holding above its 200-day moving average (blue line) of 0.6523. As such, price action is caught in the range between those tw
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