The AUD/USD remains range-bound despite mixed US data and expectations for RBA easing. The Fed held rates but adopted a cautious stance on inflation, while Australia's Q4 CPI data supports a February rate cut by the RBA.
Pair sees some upside around 0.6235, maintaining a tight range after key US data. Fed holds rates but adopts a more cautious stance on inflation progress. US GDP and jobless claims offer mixed signals, pressuring the US Dollar. RBA is expected to pivot toward policy easing next month as inflation cools. AUD/USD remains range-bound above 0.6200 on Thursday as markets assess the United States fourth-quarter GDP release, which could shape the Federal Reserve 's rate outlook.
The MACD histogram shows green bars, hinting at underlying bullish momentum, while the RSI sits at 45 in negative territory, reflecting mild selling pressure. Despite recent declines, the short-term outlook remains neutral-to-positive, with traders looking for a breakout above 0.6300 to validate further gains or a drop below 0.6200 to confirm renewed bearish sentiment.
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