China Consumer Price Index and China Producer Price Index fail to move the needle in AUD/USD China CPI Equities AUDUSD
China Producer Price Index YoY Dec: -0.7% .The outcomes have failed to move the needle in AUD/USD which sits at 0.6918 in quiet pre-US CPI event markets. The move was faded above 0.6900 and bears moved in at the high of 0.6925 in choppy conditions as the markets get set for the US Consumer Price Index. While below 0.6950, the bias is to the downside for the near term. A break of 0.6870 will open the risk of a move into the 0.6800 figure and the targetted area between 0.6791 and 0.6748. .
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