AUD/USD falls through 0.7500 after US inflation data

AUD/USD extended intraday losses at the beginning of the New York session, as the greenback was lifted by higher-than-expected US inflation figures for August.

AUD/USD oscillated in the minutes that followed the release but then turned lower and dropped to a low of 0.7484. It was last trading nearby at the 0.7490 area, recording a 0.3% loss on the day.

Data showed, US consumer price index increased 0.2% in August from a month earlier, beating expectations of a 0.1% rise. Meanwhile, core CPI rose 0.3% (exp +0.2%), marking the largest one-month increase since February.  

AUD/USD technical levels

In terms of technical levels, next supports are seen at 0.7478 (100-day SMA), 0.7441 (Sep 13 low) and 0.7400 (psychological level). On the flip side, resistances could be found at 0.7526 (Sep 16 high), 0.7562 (10-day SMA) and 0.7581 (50-day SMA).