AUD/USD defends key support at 0.6900, showing relative strength against G10 currencies as markets brace for Australian inflation data and the RBNZ interest rate decision.
Societe Generale notes AUD/USD defended its March uptrend near 0.6900 and is trading sideways around the 100-day moving average, outperforming G10 currencies ahead of Australian CPI and the RBNZ decision.
The Australian dollar maintains its March uptrend, trading near the 0.6900 level and the 100-day moving average. Societe Generale analysts highlight the currency's resilience against G10 peers ahead of critical Australian CPI data and the upcoming RBNZ policy decision.
The pair is trading sideways near its 100-day moving average after successfully defending the 0.6900 support level established in March.