The Aussie Dollar (AUD) is struggling against the US Dollar (USD) ahead of the US CPI data release, expected to show a slight inflation rise. A strong inflation print could boost the USD, reducing the chances of a Fed rate cut.
The RBA also kept rates unchanged at 4.35%, adding pressure to the AUD.
Technical Snapshot: AUD/USD is hovering around 0.6370, with support at 0.6348. Resistance sits at 0.6428, with a break above possibly pushing the pair to 0.6687.
📘Read the full analysis here: https://www.kvbplus.com/insigh...
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