The Australian Dollar (AUD) continued its upward momentum against the US Dollar (USD) on Wednesday, marking the fourth consecutive session of gains. As the exchange rate for AUD/USD climbed, traders reacted positively to the latest monthly Consumer Price Index (CPI) data, which pointed to underlying inflation pressures. This has led to increased speculation about the Reserve Bank of Australia's (RBA) cautious stance in future monetary policy decisions.
Market sentiment remains buoyed as the AUD traded higher, reflecting improved investor confidence. The current trading levels have positioned the AUD near key technical resistance points, suggesting further potential for gains if momentum persists. Analysts are closely monitoring the impact of upcoming economic indicators, particularly those related to inflation and employment, which could shape the RBA’s monetary policy outlook and influence the AUD's trajectory against other currencies, including the EUR and GBP.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 04:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.