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Apr 27 - 10:55 PM

AUD/USD - Break Lower After Soft CPI

By John Noonan  —  Apr 27 - 09:37 PM
  • AUD/USD has broken 0.7750 to below 0.7730 after surprisingly weak Aus CPI nAZN0RYD00

  • Market was bracing for the possibility of an upside surprise to expectations

  • Weak inflation data validates RBA's view that rates can stay low for years

  • The break below the 10-day MA at 0.7649 targets the 21-day MA at 0.7688

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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