AUD / USD – Key Supports Threatened Ahead Of US CPI Report

AUD / USD – Key Supports Threatened Ahead Of US CPI Report

Iron-ore rally extends but AUD / USD is down on the session

Equity, copper drops & USD / CNH rally above 6.4425 help weigh 

AUD / USD nears 0.7785, slide stalls short of a slew of key supports

10- & 21-DMAS, daily cloud top, May 7 low all sit in the 0.7760 / 80 zone Daily RSI is sinking, implies shorter-term momentum is  to the downside A

pril USCPI = ECI risk looms, an above estimate data could rally US $

Break of 0.7760 / 80 zone opens door to test of key 0.7675 / 80 support

Source: https://plus.efxdata.com/news/insights

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