AUD/USD Forecast: Aussie Pulls Back from Crucial 0.70 Level

  • The AUD/USD currency pair pulled back a bit from the crucial 0.70 level, as we have seen happen multiple times.
  • As we wait for the CPI number to come out on Wednesday, it’s likely that we are going to see some type of bigger move.
  • If the CPI number comes out hotter than anticipated, which would be the 0.5% level month over month, that could send this market reeling to the downside.

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