{"id":125763,"date":"2018-04-26T09:45:45","date_gmt":"2018-04-26T13:45:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=125763"},"modified":"2018-06-01T15:39:50","modified_gmt":"2018-06-01T15:39:50","slug":"audusd-forex-technical-analysis-lower-inflation-bearish-for-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/audusd-forex-technical-analysis-lower-inflation-bearish-for-audusd\/","title":{"rendered":"AUDUSD: Forex Technical Analysis – Lower inflation bearish for AUDUSD"},"content":{"rendered":"
April 26, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Lower inflation bearish for AUDUSD<\/strong><\/p>\n

First quarter inflation in Australia was lower than expected. Will the AUDUSD <\/a> slide continue?<\/p><\/blockquote>\n

The Reserve Bank of Australia left the interest rate at 1.5% and the policy unchanged at its April 3 meeting. A major economic update after the central bank decision has been negative: the consumer price index in Australia increased 0.4% percent on quarter in the first quarter of 2018, slower than the 0.6% increase in the previous quarter. And before that the balance of trade surplus slipped in February though the decline was smaller than expected. Slowing inflation is bearish for AUDUSD.<\/p>\n

\"AUDUSD\"<\/p>\n

On the daily timeframe AUDUSD: D1 <\/b> is trading with negative bias after hitting thirty-five-month high in the end of January. The price has fallen below the 200-day moving average MA(200).<\/p>\n