-
AUD/USD Price Analysis: Retreats from 100-SMA on softer Aussie Wage Price Index
AUD/USD sellers attack 0.7000 psychological magnet as traders consolidate recent gains after downbeat Australian data during Wednesday’s Asian session. That said, Australia’s quarterly Wage Price Index reprinted 0.7% QoQ growth, versus the 0.8% forecast, while the yearly numbers eased below 2.5% anticipated to 2.4%. Read: Aussie wage price index miss weighs on AUD/USD That said, the Aussie pair’s weakness to cross the short-term key moving average joins the recently easing bullish bias of the MACD and softer RSI (14) line to keep sellers hopeful. However, the 50-SMA and the one-week-old support line, ... (full story)