(KOF; A3neg/A-/Aneg) * Small decline in volume of 5.5% coupled with slow top line growth of 5% and ...
Find more articles and bullets on these widgets:
On Tuesday morning (0830ET) we get the first of two monthly CPI readings ahead of the next BOC decision on July 30.
The medium-term trend set-up in AUDUSD is unchanged, the outlook remains bullish. However, a corrective cycle is in play and this has resulted in a break of support around the 50-day EMA, at 0.6435. A clear break of this average would signal scope to a deeper correction and open 0.6357, the May 12 low. Clearance of this support would highlight a stronger reversal. Initial resistance to watch is 0.6479, the 20-day EMA.