The AUD is trading slightly higher towards 9050, ahead of retail sales numbers out in 40 minutes. The number can move the market and will be the main event risk for AUD today. There is also vehicles sales and building approval number to be released at the same time. AUDUSD should be contained in a 9020-50 range until then, with model funds seen buying this morning ahead of good local offers at 9050.
Expectations are around the +0.4% for the September retail sales number, anything well outside the forecast band will see the AUDUSD move. Last time it came in well higher, +0.9% and AUDUSD jumped.