The AUD/USD is catching gentle bids at the top of the Thursday trading session after getting knocked back in Wednesday trading. The Aussie fell to an intraday low of 0.6388 on Wednesday, after opening near 0.6445. Early Thursday sees Aussie inflation expectations, with US CPI inflation figures due later in the day. at 4.6%.
AUD/USD Technical Outlook Wednesday saw the AUD/USD break it's upside closing streak, with the Aussie closing to the upside against the US Dollar for the previous five consecutive trading sessions, and the AUD/USD is heading into the Thursday market window trading directly into the 50-day Simple Moving Average , and upside momentum could struggle to develop a foothold. Higher up, the 200-day SMA remains high above current bids, turning bearish into 0.
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