Swing trade for the AUDUSD pair.

Hello guys, so earlier today retails sales from Australia was disappointing. This added to the negative sentiment around the Australian dollar which came as a result of weak inflation data last week.
Also the RBA statement failed to give any respite to the pair hence the subsequent drop in value of the pair.
From this backdrop, its quiet obvious that the no rate hikes are going to come at least for the short to medium term.