Aussie fell nearly a cent overnight, on the back of weaker than expected inflation report. The report came out weaker on all measures and prompted some speculation about next week's RBA rate cut.

CPI (QoQ): 0.5% vs. 0.6% expected, 0.7% previous
CPI (YoY): 1.5% vs. 1.7% expected, 1.5% previous
Trimmed Mean CPI (QoQ): 0.3% vs. 0.5% expected, 0.6% previous
Trimmed Mean CPI (YoY): 2.1% vs. 2.4% expected, 2.2% previous
Weighted mean CPI (YoY): 2.2% vs. 2.5% expected, 2.4% previous
Weighted mean CPI (QoQ): 0.3% vs. 0.5% expected, 0.5% previous

The pair broke 50 DMA in the process and is currently trading just below it. 0.71 is the next support level to watch. 0.7175 - 0.7200 looks like a decent resistance now.

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