The currency pair AUD / USD has fulfilled a goal set before. Rollback, the price came down, updating the minimum. The trading range was about 173 points. High mark rose to the maximum - 0.8135, having entered into a correction, while the Low level can be seen at a minimum - 0.7963.
In December, Canadian CPI grew by 1.5%. In December, the consumer price index in Canada rose by 1.5% y / y in November against the growth of 2.0%. The main reason for CPI inflation slowdown was dynamics in gasoline prices (-16.6% y / y vs. -5.9% in November). CPI excluding gasoline increased by 2.3% y / y in December, coinciding with the November value.
AUD / USD fell to a more than 4-year low, losing a key mark of 0.80 against the background of continuing growth in USD. AUD / USD is trading at 0.7999, down by 0.37%, slightly recovering from the 4.5-year lows near 0.7965. Ozzy continues to incur losses on speculation the RBA rate cut after the Bank of Canada unexpectedly cut borrowing costs this week. Levels on AUD / USD are as follows: Resistance: 0.8052 and 0.8080. Support: 0.7965 and 0.7920.
Technical Analysis
AUD / USD is preparing to continue falling. Price is trading below the Ichimoku cloud and EMA moving averages (50 and 100), indicating the superiority of the market "bears". MACD average is negative and continue to fall. OsMA pulses, lying at zero, show a decline in activity. Significant levels: Buy - 0.8277; 0.8329; Sell - 0.8226; 0.8172. "Objectives: To roll back to the level of 0.8040, followed by descent to the goal - 0.7947" - said the expert of Forex Trend (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
