AUDUSD trend forecast January 8, 2025
The Australian Dollar (AUD) remains under pressure for a second consecutive session against the US Dollar (USD), with the AUD/USD pair maintaining losses despite better-than-expected monthly inflation data released on Wednesday. Notably, the trimmed mean—a key measure of core inflation—declined to 3.2% annually from 3.5%, moving closer to the Reserve Bank of Australia's (RBA) target range of 2% to 3%.
Australia's monthly Consumer Price Index (CPI) rose by 2.3% year-over-year in November, exceeding the market expectation of 2.2% and up from the 2.1% increases reported in the prior two months. This marks the highest inflation reading since August. However, the figure has stayed within the RBA’s target range of 2%–3% for the fourth consecutive month, supported by the ongoing effects of the Energy Bill Relief Fund rebate.
CPI is good for AUD, good move helps AUDUSD pair recover. H2 frame shows price zone touching uptrend line, recovering
/// BUY AUDUSD : zone 0.62230 - 0.62130
SL: 0.61930
TP: 40 - 60 - 100pips ( 0.63130)
Safe and profitable trading
The Australian Dollar (AUD) remains under pressure for a second consecutive session against the US Dollar (USD), with the AUD/USD pair maintaining losses despite better-than-expected monthly inflation data released on Wednesday. Notably, the trimmed mean—a key measure of core inflation—declined to 3.2% annually from 3.5%, moving closer to the Reserve Bank of Australia's (RBA) target range of 2% to 3%.
Australia's monthly Consumer Price Index (CPI) rose by 2.3% year-over-year in November, exceeding the market expectation of 2.2% and up from the 2.1% increases reported in the prior two months. This marks the highest inflation reading since August. However, the figure has stayed within the RBA’s target range of 2%–3% for the fourth consecutive month, supported by the ongoing effects of the Energy Bill Relief Fund rebate.
CPI is good for AUD, good move helps AUDUSD pair recover. H2 frame shows price zone touching uptrend line, recovering
/// BUY AUDUSD : zone 0.62230 - 0.62130
SL: 0.61930
TP: 40 - 60 - 100pips ( 0.63130)
Safe and profitable trading
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.