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Feb 07 - 07:55 PM

AUD/USD - Recovery Pauses, Fresh Impetus Needed; US CPI Tue Key

By Krishna K  —  Feb 07 - 05:50 PM
  • AUD/USD likely to consolidate after trading a narrow 0.6516-0.6540 range Wed

  • Pair closed unchanged after rally fades on lack of fresh catalysts

  • Fed officials maintain cautious tone on rate cut prospects, cap AUD upside

  • Undermined by traders pricing in a 90% chance of a RBA cut in August

  • Bullock's parliamentary testimony Fri, U.S. CPI Tue key for direction

  • Resistance 0.6540-50, support 0.6500, 0.6480; China inflation data Thu eyed

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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