The support zone around 0.6450 – 0.6460 provided the base for dip buyers post AU CPI the ideal zone for the anticipated pop higher. Whilst prices have retraced all of its US session gains, support has been found at the weekly R1 pivot point. Given we have US inflation data looming, I suspect volatility will be on the quieter side in today’s Asian and H1 European session, but we could still see the Aussie bounce to a degree. And if prices dip lower, bulls could again look for that support zone that held despite softer AU inflation data yesterday. A soft US inflation report could send AUD/USD towards or beyond 0.6500. ... (full story)