The AUDUSD felt lower yesterday and for the most part stay below the 200 hour moving average (green line currently at 0.62597). In the early Asian session, the price sniffed that moving average, but still remained below. The Austrian CPI came lower than expectations:
Headline CPI: +2.4% y/y (expected 2.5%, prior 2.8%).Headline CPI: +0.2% q/q (expected 0.3%, prior 0.2%).Trimmed Mean CPI (Core Inflation): +3.2% y/y (expected 3.3%, prior 3.5%).Trimmed Mean CPI (Core Inflation): +0.5% q/q (expected 0.6%, prior 0.8%).Weighted Median CPI (Core Measure): +3.5% y/y (expected 3.5%, prior 3.8%)That decline, kickstarted the downside further away from the 200 hour moving average, and that momentum took the price to a low of 0.62095. The next key target on the downside comes at 0.61917 to 0.6200. Watch the initial lower after the CPI near 0.6227 as close short-term resistance. Above that the 0.62457 will be eyed.
Hence then, the article about audusd moves lower helped by lower australian cpi data overnight was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( AUDUSD moves lower helped by lower Australian CPI data overnight )
Also on site :
- Lebanese army: Three soldiers, several civilians martyred in bombing accompanying Israeli landing operation in Baalbek
- Democrat Shutdowns Threaten Homeland Security Amid Heightened Threats .. Opinion
- Trump prometió publicar archivos sobre extraterrestres y ovnis. ¿Por qué no lo ha hecho todavía y qué podrían contener?