CFDs and Spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs and Spread bets with this provider. You should consider whether you understand how CFDs and Spread bets work and whether you can afford to take the high risk of losing your money.

AUDUSD - Short Post US Inflation Data

Dec 10, 2021

Edit Page

Warning: include(/var/www/vhosts/ failed to open stream: No such file or directory in /var/www/vhosts/ on line 312

Warning: include(): Failed opening '/var/www/vhosts/' for inclusion (include_path='.:/opt/plesk/php/7.4/share/pear') in /var/www/vhosts/ on line 312

AUDUSD - Short Post US Inflation Data by KQMarkets on


We still hold a short view on AUDUSD despite the currency pair continuing it's rebound from yearly lows around the 0.7 psychological level. Additionally, the US inflation rate came in today at 6.8 % as forecast resulting in limited price action.

However, the impact of the Omicron covid variant could disproportionately impact the Australian dollar as it is sensitive to the shocks in the global economy as commodity currency whilst the United States Dollar is seen as a safe haven.

Therefore we anticipate AUDUSD continuing it's long term downtrend and challenging support at 0.71356 in the coming weeks.

All the content is provided for general information only and trade signals should not be construed as any form of regulated advice. It does not take into consideration your personal circumstances, including your investment objectives, risk profile, tax status, knowledge and understanding or financial situation. Past performance is no guarantee of future results.