Australian dollar will need a good reason to continue up

The Australian dollar hits a barrier at around 0.69235 after a short dip to 0.69045 in this morning's trades. The Aussie dollar has been holding quite well against the weak U.S. dollar in the last three sessions; an event paid no attention to the weak September retail sales data down to 0.2% from the 0.5% forecast. However, the weak retail sales data could force RBA to cut rates in tomorrows meeting and push the Aussie dollar down to around 0.68800. The U.S./China trade deal is still hanging, and the weak U.S. dollar is not enough to continue and drive the Aussie dollar. The Aussie dollar needs to remain above 0.6235 to continue to its next target at 0.69390. Support is at 0.69050, 0.68960, 0.68890, and 0.68800