Lower CPI send the AUDUSD lower. Tests key swing area. - ConsultFX

Lower CPI send the AUDUSD lower. Tests key swing area.

A move below 0.77266 opens the door to the 200 day MA at 0.76923 The AUDUSD has moved lower after the weaker than expected CPI data.  The fall has taken the price to a floor /swing area defined by a number of swing levels going back to August 2016.  The area defines a bullish above and bearish Copyright 2015 Forexlive.com