This post was originally published on this site.Even with the latest developments out of Australia earlier today, AUD/USD is finding it tough to make any meaningful push higher. The pair continues to trade around 0.7030 on the day, once again knocking on the door of key technical resistance near its 100-day and 200-day moving averages. The latest Australia CPI report was hotter than expected, with trimmed mean inflation rising to 3.7% against expectations of 3.6%. That certainly doesn’t make the RBA’s job any easier, especially with oil prices adding to inflation pressures. And RBA governor Bullock didn’t exactly mince her words either, warning...

This post was originally published on this site.There are a couple of key expiry levels to take note of on the day, as highlighted in bold below. The first one is for EUR/USD at the 1.1150 level, with the strike sitting within 30 pips of the spot level. The expiries could provide some attraction if price action stays relatively contained in the session ahead. Having said that, the price momentum continues to side with sellers for now as the drop this week puts a test of the 14 October low at 1.1111 in focus. The swing low there will be a...