The Aussie dollar got smoked on the weak data

Photo: Getty

The Aussie dollar was flying high this week on multiple positive stimuli. But that rally came to an abrupt halt at 11.30am today with the release of disappointing retail sales figures fro April and the accompanying release of the worst trade deficit Australia has seen since February 2008.

It has found some support just above 77 cents which, for the moment seems to be an attractive level for buyers.

Here’s the chart.

04062015 AUDUSDM15 (Go Markets, MT4)

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