AUDUSDAUD/USD is holding lower ground near 0.6950 as sellers keep reins following softer Chinese CPI and PPI data.
Markets remain risk-averse ahead of US inflation, which is crucial for the Fed's next rate hike move.
Short term outlook - Further Price depreciation - Pending important economic data.
Trade closed: target reached
Price fell from recent resistance area to support area on the Daily chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.