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Feb 27 - 07:55 PM

AUD/USD - Opens Slightly Higher Ahead Of Aus CPI And RBNZ

By John Noonan  —  Feb 27 - 05:55 PM
  • AUD/USD opens 5 pips higher at 0.6545 after USD eased in US session nL2N3FC2SW

  • Bias is neutral after closing above the 21-day MA (0.6529 today)

  • Key events likely to impact direction with Aus Jan CPI and RBNZ out today

  • US and EZ inflation out Thurs/Friday and should impact general USD direction

  • Focus will be on Aus weighted CPI expected to 3.6% Y/Y from 3.4% in Dec

  • RBNZ expected to remain on hold but markets on alert for hawkish surprise nL3N3F6168

  • AUD/USD support at Tuesday's 0.6525 low with bids tipped ahead of 0.6500

  • Resistance is at the Feb 22 short-term trend high at 0.6595

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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