Weak CPI has seen the Aussie drop lower after being strong headed into the number. On a fundamental level, the AUD/USD is going to struggle to maintain anything close to 0.7500.
I'll be looking to sell at 0.7450 and ride this downward channel lower, assuming we can pop higher on the back of the poor data.
I'll be looking to sell at 0.7450 and ride this downward channel lower, assuming we can pop higher on the back of the poor data.