AUDUSD Eyes 0.6500 as Softer CPI and Weak Jobs Data Weigh on USDHey Traders,
In the coming week, we’re monitoring AUDUSD for a potential buying opportunity around the 0.65000 zone. The pair remains in a broader uptrend, with the current pullback shaping up as a healthy correction toward key structural support.
Structure:
Price continues to respect its ascending trendline, and the 0.65000 area aligns with a strong confluence of horizontal support and dynamic trend structure — a level that has previously attracted strong buying momentum.
Macro Outlook:
The latest U.S. inflation print came in softer at 3.0%, undershooting expectations, while labour market data continues to signal cooling conditions. Together, these developments reinforce a dovish shift in Fed sentiment, weighing on the U.S. Dollar Index (DXY).
At the same time, Gold continues to rally, underpinned by the weakening Dollar and rising safe-haven demand. Given the positive correlation between AUD and Gold, this macro backdrop strengthens the bullish case for AUDUSD in the coming sessions.
Next Move:
A sustained bid around 0.65000 could mark the start of another impulse leg higher — targeting a retest of recent highs if momentum confirms.
Trade safe,
Joe
