{"id":146408,"date":"2019-04-25T10:40:32","date_gmt":"2019-04-25T14:40:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146408"},"modified":"2019-04-25T06:48:50","modified_gmt":"2019-04-25T10:48:50","slug":"audusd-analysis-weaker-australian-inflation-is-bearish-for-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/audusd-analysis-weaker-australian-inflation-is-bearish-for-audusd\/","title":{"rendered":"AUDUSD Analysis: Weaker Australian inflation is bearish for AUDUSD"},"content":{"rendered":"
April 25, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Weaker Australian inflation is bearish for AUDUSD<\/strong><\/p>\n

Inflation slowed in Australia in the first three months of the year. Will the AUDUSD<\/a> continue declining?<\/p><\/blockquote>\n

Latest economic data from Australia after March labor market report were soft. While an uptick in March unemployment was mainly due to increased labor force participation, first quarter inflation was weaker than expected. Consumer prices were flat over quarter in the first three months of the year, the softest outcome since early 2016. Meanwhile inflation in the first three months declined to 1.5% over the same period a year ago after 1.8% gain in the last three months of 2018. Inflation remains well short of the Reserve Bank of Australia’s target of 2%-3% on year, raising pressure on policy makers to shift policy stance from neutral at RBA\u2019s April 2 policy meeting to easing at its coming meeting in May. Weaker inflation is bearish for AUDUSD.<\/p>\n

\"AUDUSD<\/p>\n

On the 4-hour timeframe the AUDUSD: H4<\/b> is retracing after hitting two-month high in mid-April. It has fallen below the 200-day moving average MA(200), which is also bearish.<\/p>\n