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Apr 25 - 10:55 PM

AUD/USD - Little Change After Softer Than Expected Core Aus CPI

By John Noonan  —  Apr 25 - 09:45 PM
  • AUD/USD briefly fell to 0.6612 from 0.6627 after softer Aus core-CPI nAZN14VXMU

  • It has quickly recovered to 0.6625/30 as the data is mixed

  • Market was already pricing in the RBA to remain on hold next Tuesday

  • According to Refinitiv the market is pricing in a 85% chance of no cahnge

  • Rekindled banking fears in the US seen as impacting credit provision

  • AUD/USD support is at March 10 trend low at 0.6564 with bids ahead of 0.6600

  • Resistance is at 0.6700/05 where the 10 & 21-day MAs converge

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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