AUD/USD starts off bid and eyes are on 0.7000/20
AUD/USD is moving in on the price imbalance in the 0.6980s. There is further potential for a move-up in the initial balance for the week with CPI eyed. The key areas to the downside are 0.6950 and 0.6910 ahead of 0.6870. AUD/USD is starting out the week a touch higher as the commodities complex remains […]
AUD/USD bulls eye a break of 0.6990s as domestic data underpins hawkish RBA sentiment
AUD/USD supported on domestic recent data. Bulls eye a break of the inverse head and shoulders. AUD/USD is trading at 0.6970 and in a tight 10-pip range between 0.6967 and 0.6977 on the day so far. The price has been capped below the recent 0.6990s recent highs in what has been a choppy consolidation range […]
Aussie CPI Shows RBA Inflation Battle Tougher Than Expected
Pause for ThoughtWith the RBA being one of the first central banks to pivot on rates this year, the latest Aussie inflation data will no doubt be disappointing. Year-on-year, inflation came in at 7.3% last month, marking a sharp rise from the prior month’s 6.9% and a beat on the 7.2% market forecast. Core inflation […]