AUD/USD chart - Trading View
AUD/USD was extending previous session's weakness, slips further below 5-DMA after Aussie CPI miss.
The major was trading 0.27% lower on the day at 0.7741 at around 04:05 GMT, after closing 0.46% lower in the previous session.
Data released earlier today showed Australia’s Q1 CPI dropped below 0.9% forecast and prior to 0.6% QoQ while also staying below 1.4% market expectations to 1.1% on YoY.
Further, RBA Trimmed Mean CPI follows the suit while staying below forecasts and previous readouts.
Sluggish moves likely to continue amid pre-Fed trading lull. Covid woes from Asia and uneven vaccinations in the West to weigh on the mood.
Earlier in the day, global rating agency Fitch cites downside risk for Aussie credit markets on stimulus withdrawal.
Technical indicators show minor weakness in the pair. Strong supports are aligned at 21-EMA at 0.7713 and 55-EMA at 0.7693.
Major trend on the weekly charts is bullish. Pullbacks are likely to be shallow. Decisive break above cloud will confirm upside resumption.


FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: NZD/USD edges lower, remains on back foot 



