By John Noonan — Aug 29 - 10:50 PM
AUD/USD has recovered from the plunge low at 0.6449 made after soft Aus CPI nL1N3AB026
Market was pricing in no more RBA tightening before the CPI release
Asian markets upbeat with Nikkei +0.95% and AXJ index +0.65%
AUD/USD back at 0.6465/70 and AUD is steady on the crosses as well
Resistance at 21-day MA @ 0.6476 and close above would suggest bottom formed
Support is at the 10-day MA at 0.6432 with bids tipped at 0.6390/0.6400
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary