AUDUSD trend forecast January 29, 2025
Australia’s Consumer Price Index (CPI) grew by 0.2% quarter-on-quarter in Q4 2024, maintaining the same pace as the previous quarter but falling short of the anticipated 0.3%. On an annual basis, CPI inflation slowed to 2.4% in Q4, down from 2.8% in Q3 and below the market projection of 2.5%.
The Monthly CPI for December 2024 rose by 2.5% year-over-year, aligning with expectations and slightly higher than November’s 2.3%. While this was the highest figure since August, it remained within the Reserve Bank of Australia’s (RBA) target range of 2%–3% for the fourth consecutive month. The Trimmed Mean CPI, preferred by the RBA, increased by 3.2% YoY, marking its slowest growth in three years. This was slightly below the forecast of 3.3% but still exceeded the central bank's target range.
AUDUSD technically remains in a long-term bullish trend. Good economic data keeps the AUD strong.
/// BUY AUDUSD : zone 0.62300 - 0.62200
SL: 0.61900
TP: 40 - 70 - 100pips ( 0.63200 )
Safe and profitable trading
Australia’s Consumer Price Index (CPI) grew by 0.2% quarter-on-quarter in Q4 2024, maintaining the same pace as the previous quarter but falling short of the anticipated 0.3%. On an annual basis, CPI inflation slowed to 2.4% in Q4, down from 2.8% in Q3 and below the market projection of 2.5%.
The Monthly CPI for December 2024 rose by 2.5% year-over-year, aligning with expectations and slightly higher than November’s 2.3%. While this was the highest figure since August, it remained within the Reserve Bank of Australia’s (RBA) target range of 2%–3% for the fourth consecutive month. The Trimmed Mean CPI, preferred by the RBA, increased by 3.2% YoY, marking its slowest growth in three years. This was slightly below the forecast of 3.3% but still exceeded the central bank's target range.
AUDUSD technically remains in a long-term bullish trend. Good economic data keeps the AUD strong.
/// BUY AUDUSD : zone 0.62300 - 0.62200
SL: 0.61900
TP: 40 - 70 - 100pips ( 0.63200 )
Safe and profitable trading
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
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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.