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Jan 08 - 06:55 AM

AUD/USD - Weighed Down By Softer Australian Core Inflation

By Robert Howard  —  Jan 08 - 04:56 AM

• AUD/USD slid to 0.6212 in Asia, on softer Australian core inflation data

• 0.6212 is lowest level since Monday's WaPo report-spurred high of 0.6302

• Support points include 0.6200 and 0.6179 (last week's 26-month low, Dec 31)

• 0.6235 (Monday's Trump-spurred pullback low from 0.6302) is now resistance

• Tuesday's high was 0.6288 - before USD rose on solid US data

• Fed's Waller to speak at 1300 GMT. US ADP jobs report due 1315 GMT; 140k f/c

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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