AUD powered as Core PPI easily surpassed forecasts for Q1 .This highlights the remaining inflationary concerns facing the RBA with all eyes focused on the CPI Q1 figure with forecasts of 1.1% .
TECH OUTLOOK
AUD chart pattern indicates downtrend for the day .Momentum is trending towards downwards and Bollinger also supports the bear trend . currency lends its support at 0.9390 and resistance at 0.9460 levels. The trading range is expected between 0.9400-0.9450 levels.
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