Australian quarterly inflation indicators came in mostly weaker than expected overnight, though Trimmed Mean measure ticked up. Aussie fell just over 30 pips in response. The pair lost similar amount in yesterday's trading, not helped by a decline in gold.
The fall stalled just ahead of 0.75 level which, together with 0.7475, forms a support band in the current range. The range itself is straddling the 2011 - 2017 support/resistance line. The upper band of the range is found at 0.7580 - 0.7610 a…
The fall stalled just ahead of 0.75 level which, together with 0.7475, forms a support band in the current range. The range itself is straddling the 2011 - 2017 support/resistance line. The upper band of the range is found at 0.7580 - 0.7610 a…