AUDUSD drop to fresh two-week low

AUDUSD drop to fresh two-week low

Last week, when CPI missed expectation, AUDUSD loss 100 pips and trade in the range between 0.9250 and 0.93 for rest of the week. Yesterday, AUDUSD looked like break the upper range to move up but finally it was just a false move to 0.9316 then started falling down to make two-week low at 0.9240.

There is no news to support to AUDUSD now and it is expected to keep moving toward 0.92, especially when NZDUSD also falling down when trade balance missed expectation this morning.

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