Technical Outlook

AUDUSD Supported by Stronger-Than-Expected Inflation, Though Dovish RBA Governor Caps Upside Momentum

AUDUSD climbed to a two-week peak at 0.7116 in early Wednesday trading, supported by the release of Australia’s latest CPI figures. Inflation remained elevated in January, holding steady at 3.8% year-on-year, while core inflation printed at 3.4%, marking its highest level in 16 months. Both readings exceeded market forecasts of 3.3% for headline…
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Gold breaks above the upper boundary of its recent trading range, triggering a renewed bullish signal.

Gold extended its advance from the $4850 zone, establishing a higher base and marking a fourth consecutive day of gains, as prices climbed to their highest level since January 30 in early Monday trading. A renewed wave of safe-haven demand was triggered after the US Supreme Court invalidated all of former President Trump’s tariffs, adding…
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