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AUDUSD moved lower after lower Australia CPI. What next through the FOMC rate decision?

AUDUSD moved lower after lower Australia CPI. What next through the FOMC rate decision?
The AUDUSD is lower on the day. The declines were helped by the lower-than-expected CPI data out of Australia last night. That sent the pair down to a low of 0.67287. However, that low fell just short of the rising 200-day moving average of 0.67222 (see lower green line in the chart below). Recall from Monday's trade, the price briefly moved below the 200-day moving average only to reverse back to the upside quickly. The last 4 moves lower have found early buyers against the rising 200-day movi... Read More
Posted: Jul 26 2023, 15:07
Author Name: forexlive
Views: 092076

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