Daily Analysis: AUD/USD Sees Inflows Following Cooler-Than-Expected CPI Data

Friday, 12 July 2024, 07:41

The daily analysis of AUD/USD reveals a positive outlook for the Australian dollar as market participants punish the USD due to cooler-than-expected CPI data. The pair is targeting 0.6850 with support at 0.6650, indicating a bullish trend for the AUD against the USD.
Dailyforex
Daily Analysis: AUD/USD Sees Inflows Following Cooler-Than-Expected CPI Data

Daily Analysis

The AUD/USD forecast highlights a positive outlook for the Australian dollar amidst market dynamics.

Key Points:

  • Market Sentiment: Participants punishing USD
  • Forecast: AUD targeting 0.6850
  • Support Level: 0.6650

Conclusion: The AUD is expected to continue its bullish trend against the USD based on current market conditions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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