Price Movement Since yesterday, AUD/USD had moved up by around 30pips.
Trend Overall, AUD/USD is moving on a downtrend.
Macro Background The U.S. Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers. It is scheduled to be released tonight at 2130 (SGT). It is expected to perform better than previous month and if the data released is better than or as expected, we may see the U.S. dollar strengthening and AUD/USD will be going down.
Important Issue None.
Technical AUD/USD is currently testing the 0.71 key level.
Price Levels Current Price: 0.71085 Next Resistance: 0.71339 Next Support: 0.70548