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
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Source:
Refinitiv IFR Research/Market Commentary