9.25 FPG Australian Dollar trend analysis.

AUDUSD H1

Yesterday, the Reserve Bank of Australia kept the current rate unchanged at 4.35% during the interest rate decision, showing determination to return inflation to the target range of 2%-3%. The RBA Governor mentioned in the post-meeting press conference that there was no clear consideration of a rate hike during the meeting, and there was no expectation of a rate cut in the near future. It is predicted that the CPI in August might be below 3%. If rates remain unchanged while other countries cut rates, this could provide support for the Australian Dollar. Today, Australia's CPI data for August will be released, with market expectations of inflation falling to 2.7%. If the data meets expectations, monthly CPI will align with the RBA's target, but the RBA is more focused on next month's release of third-quarter inflation data to determine if there are expectations of a rate cut within the year. On the other hand, the People's Bank of China made significant policy adjustments yesterday by lowering the reserve requirement ratio, interest rates, and mortgage rates. This to some extent supports the Australian Dollar, with a key focus on the CPI data release at 11:30 today, which will have a significant short-term impact on the Australian Dollar.

From a technical perspective, the Australian dollar has already hit the highest point since February of last year, encountering resistance near 0.691, with a slight drop in the early session. Short-term support has moved up to around 0.687. There is strong resistance for the Australian dollar above, so be cautious of a top reversal.

The immediate resistance above is at 0.690, the second resistance is at 0.691, and the third resistance is at 0.693.

The immediate support below is at 0.689, the second support is at 0.687, and the third support is at 0.684.

# This advice is only general advice and does not take into account your specific financial situation and needs. Investment involves risks, so please evaluate carefully. #