AUD/USD might see 0.77-0.78 before resuming lower – Kshitij Consultancy

FXStreet (Barcelona) - Analysts at Kshitij Consultancy, remain of the view that AUD/USD might make a move higher before resuming its bearish trend towards 0.7500.

Key Quotes

“AUD/USD saw a rise but came off from the 21-Day MA near 0.769 and looks bearish towards 0.750 in the near term but there is a possibility of seeing 0.77-0.78 before falling towards 0.750. Overall trend is bearish.”

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Headline UK CPI expected to fall, but no signs of building deflationary risks – Rabobank

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