AUDUSDAustralian Dollar / US Dollar
0.7123
-0.67%
SUPPORT:0.70660.7009
RESISTANCE:0.7180.7237
Past
What happened
AUD/USD sold 42 pips to 0.7123, sharpest G10 underperformer on session despite DXY weakness. Soft Aussie monthly CPI (3.1% vs 3.3% expected) released overnight reignited RBA cut bets for August.
Why
Why it matters
Commodity-currency status didn't help — copper steady but iron ore and oil down on China demand worries. Domestic CPI miss is the dominant story; the Aussie now lags the dollar-bearish move other G10 currencies enjoyed.
Watch
What to watch
Capex data tomorrow plus US PCE. Resistance 0.7180 (yesterday's high), support 0.7066 (50dma + 2σ ATR). A hot PCE could compound RBA dovishness and force 0.7060 retest.
HEADLINES