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Dec 13 - 08:55 AM

AUD/USD - The Cloud Or 200-DMA May Get Tested After CPI

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

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