I Will long the AUD/USD  since the Q1 CPI was 1.3% against 1% expected..

Those Inflationary pressures should force the Central Bank of Australia to leave their rates unchanged at the next meeting (may the 6^th),while the US Fed is believed to cut their rates by 0.25%.

So AUD/USD should be an nice longterm play imho! Maybe if the inflationary pressures remain high ,Australia’s Central Bank will even hike rates.

We will see..for now i am waiting for an retracement from the actual 1H bar (on profit-taking by the news traders) and will enter my long then..

Also the AUD/JPY looks good ,if the actual 4H bar can close above 98.00!

Will keep ya updated!

Now to the charts:

AUD/USD 1H Chart (right after the news):

AUD/JPY 4H Chart /right after the news):