AUD/USD Breaks Lower as Australia CPI Seals Case for Extended RBA Hold. Is 0.6750 Next?

Wait 5 sec.

TL;DR: Australia’s soft CPI print has pushed all four major banks into agreement that the RBA’s tightening cycle is over for now, driving AUD/USD below its rising channel with 0.6750 emerging as the next major support cluster. Why This CPI Print Changes the Story Australia’s softer inflation report is more than just another downside CPI […]The post AUD/USD Breaks Lower as Australia CPI Seals Case for Extended RBA Hold. Is 0.6750 Next? appeared first on ActionForex.