AUD/USD Little Changed, Australian Retail Sales Steady

AUD/USD is trading at 0.7418, down 0.0003. The pair is trading rangebound and a little above the session lows. Market chatter about the upcoming Reserve Bank of Australia (RBA) policy meeting is making the rounds. The RBA meets Monday and is scheduled to release a statement and interest rate decision at 10:30 p.m.ET. Australia's Bureau of Statistics reported that October retail sales rose 0.5 percent versus a 0.6 percent rise September.