• A soft reading in Chinese inflation numbers on Wednesday added to concerns about deflationary pressures, kept the Aussies subdued
  
  
• The Asian indices also took another hit after the softer Chinese inflation print triggered a renewed wave of risk-aversion
  
  
• Australian benchmark, the S&P/ASX trades marginally lower by -0.23% at 5,191, with banks and oil stocks are among the leading decliners
  
  
• AUD/NZD was sold to fresh 4-mth low 1.0817, with 200 DMA at 1.0756 the next bear target
  
  
• Downward biased daily RSI suggests the slide from September's high is likely to run further, but caution advised as price is at oversold
  
  

Resistance Levels:

R1: 1.0931 (10-Day MA)

R2: 1.0983 (Session high Oct 13)

R3: 1.0986 (Session high Oct 6)

Support Levels:

S1: 1.0790 (Session low June 11)

S2: 1.0756 (200 DMA)

S3: 1.0733 (Weekly Kijun)