The CPI raised lesser than analysis has forecasted, sending AUDUSD dip .8315 to .8240 (and still dropping at this point)
Quote:
*(AU) Q1 CPI QOQ: 0.1% V 0.6%E; YOY: 2.4% V 3.0%E
- CPI Market Prices QoQ: 0.3% v 0.6%e; YoY: 2.2% v 2.6%e<AUD/JPY AUD/USD NZD/JPY NZD/USD EWA>
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Technical traders wins on this trade, as if you would see on the daily chart, that AUD has already topped and starting to reverse as on the MACD/ CCI as well.