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81.76% of retail investor accounts lose money when trading CFDs with this provider.

AUDUSD | Analysis Ahead of The AU CPI | Forex

Published: 30.01.2024
by Joseph Jeffriess

Today, we have run over the AUDUSD breaking down levels we have seen form and what we are looking for after tomorrow’s Australian CPI data. Combined with the USD, there are a few scenarios. We have done our best to break them down and incorporate price levels into those scenarios.

Today’s focus: AUDUSD

Pattern – Continuation/resistance break
Support – .6566, .6545
Resistance – .6620

Will we see a new test of support, or will buyers break current short-term resistance?

Australian CPI data is due tomorrow at 11:30 am.

Good trading.


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