Published April 24, 2019 9:00 am est
by Richard Cason,
Editor of NewsMovesMarketsForex
The AUD Pacific Rim Oceanic currency came under serious fire at the 9:30 pm est session against a basket of its counter pair rivals on April 23rd 2019: As soon as the Aussie economic data was released the AudUsd which was trading at .0793 area immediately retreated down to a swing low and found support @ . 0729 level losing 64 Pips.
The AudCad which was trading at .9539 handle immediately followed suit and plummeted down to a swing low of .9448 level losing 89 Pips. The Aud Cad as of early morning Forex trading the currency pair had been consolidating between intra high of .9478 and a low of .9558 levels.
The RSI is displaying 36 and as o f 6:10 am est the pair is trading well below the 300 and 200 day simple moving average which is depicted on the chart listed below:
AUD CAD is currently down .74% and the Currency pair is trading at . 9461 handle as of 12:15 pm Eastern Standard Time.
AUD USD is currently down 1.01% and the Currency pair is trading at . 7029 handle as of 9:19 am Eastern Standard Time.
The AUD Index trading @ 60.40 0.60 down 0.98% Aussie appears to be losing traction and encountering significant bearish momentum across the board against a baskets of its cross rivalries:
Aud Usd up +0.69%, Aud Cad down -0.59%, Eur Jpy up +.14% Aud Chf down -1.18% Aud Jpy down -1.12% AudNzd down -0.03 AudGbp down -1.17% as of this writing.
AUD 21:30 pm est AUD CPI (YoY) (Q1) Below expectation |Actual 1.3%| | Forcasted 1.5%| Previous 1.8% AUD 21:30 pm est AUD Trimmed Mmean CPI (QoQ) ( Q1) Below expectation |Actual 0.3%| | Forcasted 0.4%| Previous 0.4% AUD 21:30 pm est AUD Trimmed Mmean CPI (YoY) ( Q1) Below expectation |Actual 1.6%| | Forcasted 1.7%| Previous 1.8%
AUD 21:30 pm est AUD CPI Weighted mean(YoY)) (Q1) Below expectation |Actual 1.2%| | Forcasted 1.6%| Previous 1.7% AUD 21:30 pm est AUD CPI Weighted mean(QoQ) ( Q1) Below expectation |Actual 1.1%| | Forcasted 0.4%| Previous 0.4%
