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Sep 13 - 07:55 PM

AUD/USD - Opens Slightly Lower After Mixed US CPI

By John Noonan  —  Sep 13 - 06:25 PM
  • AUD/USD ended a whippy session slightly lower - as US CPI was mixed

  • Monthly core US CPI hotter than expected buy it moderated year-on-year nL1N3AP1MS

  • US yields spiked higher before closing the day lower than Thursday's close nL1N3AP1X7

  • AUD/USD fell to 0.6381 when US yields spiked before closing above 0.6420

  • It is the third straight day AUD/USD closed between 0.6420/30

  • Price action drawn to 10-day MA (0.6413) and 21-day MA (0.6426)

  • Momentum tilting lower after two days of lower daily highs

  • Broad range is between double-bottom at 0.6358 and double-top at 0.6522

  • Aus jobs data today with market expecting +23k jobs and unemp to remain 3.7%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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