Australia’s February CPI got here in softer than anticipated on each the headline and underlying measures, and with the broad market surroundings nonetheless buying and selling with extremely unsure circumstances, AUD/USD looks as if a stable candidate to maneuver on past the watchlist stage.
The transfer decrease in AUD/USD carved out an fascinating technical construction value finding out — a possible symmetrical triangle breakdown with a handful of clearly outlined ranges to work with. This can be a good academic alternative to stroll by way of two alternative ways a dealer may method the identical setup, and why the variations matter.
