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Mar 26 - 07:55 PM

AUD/USD - Opens Slightly Lower Ahead Of Aus Monthly CPI

By John Noonan  —  Mar 26 - 06:15 PM
  • AUD/USD opens -0.10% after USD edged higher across the board nL2N3G423U

  • AUD/USD consolidating in a pennant formation between 0.6512/0.6618

  • A break outside those parameters may spark the next trend

  • Closer resistance is at the 21-day MA at 0.6556, which held on Tuesday

  • Key event today will be Feb weighted CPI with +3.5% expected

  • Some economists believe it will come in higher than expected

  • AUD/USD will likely to continue moving in sympathy with the CNH

  • Techs favour a break to the downside in AUD/USD while 0.6560 caps

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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