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AUD/USD – Aussie Choppy Ahead of Australian CPI

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Australian dollar is showing limited movement on Tuesday, as AUD/USD trades at 0.6960 in the European session. On the release front, Australia will release the quarterly CPI report. In the US, today’s key event is CB Consumer Confidence, with the markets forecasting a strong reading of 96.6 points. The Aussie remains under strong pressure, and currently finds itself below the symbolic 0.70 line. Minor currencies like the Australian dollar have been hit hard in early 2016 by the slowdown in

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