By Christopher Romano — Dec 13 - 07:30 AM
AUD/USD trades slightly higher on the session, holds above the 10-DMA
Pair is trading near the mid point of the daily cloud base & 200-DMA
Cloud top sits near key support in the 0.6550/0.6600 zone
The falling 200-DMA sits near key resistance in the0.6850/0.6900 area
Headline m/m USCPI=ECI, y/y USCPNY=ECI CPI expected to moderate
As expected or lower than expected CPI reinforces disinflation views
Below estimate result likely to see AUD/USD rally towards 200-DMA
Above estimate result should drive risk-off, send AUD/USD near the cloud
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary