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.


NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro : GBP/NZD strongly bearish despite upside attempts
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 



