See also
12.02.2025 09:21 AMOn Monday, the Australian dollar consolidated above the 0.6273 level, confirming bullish momentum. The next target is set at 0.6351, and a breakout above this level could pave the way toward 0.6482. The Marlin oscillator continues to rise, supporting further price appreciation.
Today, the U.S. inflation data for January is set to be released. The core Consumer Price Index (CPI) is expected to decline from 3.2% year-over-year (YoY) to 3.1% YoY, while the headline CPI is forecasted to remain steady at 2.9% YoY. These figures could provide short-term support for the Australian dollar. However, traders should also be attentive to the Reserve Bank of Australia's (RBA) monetary policy decision scheduled for February 18.
On the H4 chart, the price remains above all key support levels, reinforcing the uptrend. The Marlin oscillator has turned upward from the neutral zero line, confirming bullish momentum.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
