AUD/USD – Corrective pressure emerges after inflation cools
It can be observed that AUD/USD is starting to show signs of slowing down after a relatively smooth advance. While the medium-term trend has not been fully broken, the latest macroeconomic factors from Australia are making the market more cautious toward the AUD.
From a fundamental perspective, Australia’s November CPI fell more than expected (3.4% vs. a 3.6% forecast and down from 3.8% previously). This indicates that headline inflation pressures are easing rapidly, particularly due to lower electricity prices. For the market, this development reduces expectations that the RBA will maintain a hawkish stance, thereby adding short-term downside pressure on the AUD — despite core inflation remaining sticky.
On the chart, AUD/USD has moved close to the resistance zone around 0.6780 within its ascending channel and is starting to show signs of exhaustion. Price is pulling away from the upper boundary of the channel, while 0.6730 stands out as the nearest support level. The current structure leans more toward a technical correction rather than a renewed bullish breakout.
In the base scenario, if selling pressure persists, AUD/USD may pull back to retest 0.6730, or even extend lower toward the lower support area of the ascending channel. Only if core CPI unexpectedly shifts RBA policy expectations would the AUD have a chance to regain immediate upside momentum.
Overall, AUD/USD is entering a necessary “cool-off” phase. With inflation easing and technical resistance overhead, the current pullback is more likely a rebalancing move before the market commits to a clearer directional bias.
From a fundamental perspective, Australia’s November CPI fell more than expected (3.4% vs. a 3.6% forecast and down from 3.8% previously). This indicates that headline inflation pressures are easing rapidly, particularly due to lower electricity prices. For the market, this development reduces expectations that the RBA will maintain a hawkish stance, thereby adding short-term downside pressure on the AUD — despite core inflation remaining sticky.
On the chart, AUD/USD has moved close to the resistance zone around 0.6780 within its ascending channel and is starting to show signs of exhaustion. Price is pulling away from the upper boundary of the channel, while 0.6730 stands out as the nearest support level. The current structure leans more toward a technical correction rather than a renewed bullish breakout.
In the base scenario, if selling pressure persists, AUD/USD may pull back to retest 0.6730, or even extend lower toward the lower support area of the ascending channel. Only if core CPI unexpectedly shifts RBA policy expectations would the AUD have a chance to regain immediate upside momentum.
Overall, AUD/USD is entering a necessary “cool-off” phase. With inflation easing and technical resistance overhead, the current pullback is more likely a rebalancing move before the market commits to a clearer directional bias.
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.