AUD/USD Technical Outlook
The Aussie dollar against the U.S. dollar continues is move lower supporting our bearish basis on the AUD/USD.
AUD/USD
Australian Dollar Sold as CPI Data Confirms Expectations of RBA Rate Cut
THE TAKEAWAY: 1Q Australian CPI Rose 0.1% QoQ and 1.6% YoY > Price Increase Fell Short of Analyst Estimates, Sending Traders Scurrying Away from the Aussie Dollar > AUDUSD Dropped