- AUD/USD supported just above $0.7000 mark, made intraday high at $0.7041 levels.
- Aussie erased previous gain and currently trading at $0.7010 levels.
- The CPI rose 0.4% over the October-December period, easing from the 0.5% in the September quarter but higher than forecasts of 0.3%.
- Overall trend remains bearish below $0.7048 levels.
- Initial resistance levels are seen at $0.7049, $0.7086 and $0.7171 levels.
- Break of $0.7000 mark brings the parity towards $0.68 levels.
- Initial support levels are seen at $0.6925, $0.6876 and $0.6827 levels.
The material has been provided by InstaForex Company – www.instaforex.com