The Australian dollar (AUD) is poised for potential movement against the U.S. dollar (USD), with traders eyeing a breakout in the AUD/USD pair. Key to this outlook is upcoming Australian inflation data, as the Reserve Bank of Australia (RBA) has hinted that future policy decisions will be data-driven. The currency pair has been consolidating in a narrow range, suggesting that any significant deviation in the inflation figures could serve as a catalyst. Additionally, broader economic trends, such as China’s demand for Australian exports, will likely impact AUD’s trajectory .
