China CPI: +2.1 pct from a year ago (Reuters poll +2.4 pct), AUDUSD wobbles – by fx_ross CPI China AUDUSD
is testing key hourly support as the US Dollar attempts to firm from daily support. The prior day's lows are located at 0.6443 as an immediate target on a break of the trendline and horizontal resistance:The price of the DXY has met a critical daily support area. A break here could be strongly beneficial for the commodity complex and the Aussie would be expected to rally.
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