AUD,NZD/Flows and Orders

TD-MI Australian inflation gauge +0.4% MoM, +2.4% YoY

Quite a significant rise in this private measure of Australian inflation and the prospects of a February rate cut are quickly receding.

The AUD/USD market just failed in its attempts to trigger stops just below 1.0525 but there’s been little or no bounce so the stops are by no means safe yet.

 

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