Wednesday, January 31, 2018

AUD/USD slips to six-day low after the Fed. Vulnerable to more selling

The bigger driver for Australian dollar weakness today was the CPI report released in Sydney hours. It was at +0.6% q/q compared to +0.7% expected. The fundamental weakness dovetails with the technical vulnerability of the run over the past six weeks. The uptrend since December 11 is now at risk.

from Google Alert - vulnerability http://ift.tt/2GzqClU
via IFTTT

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