The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) in the US increased to 3.2% year-over-year in February from 3.1% in January. The Core CPI, which excludes volatile food and energy prices, rose 3.8% year-over-year, slightly below January's 3.9% but above market expectations of 3.7%. Both the CPI and Core CPI also rose by 0.4% on a monthly basis.
AUD/USD: bulls cant breaking out SSB’s resistance
2019-11-11 • Updated
Technical levels: support – 0.7370, 0.7400/10; resistance – 0.7450.
Trade recommendations:
- Sell — 0.7400; SL — 0.7420; TP1 — 0.7340; TP2 — 0.7310.
Reason: narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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