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12.02.2025 09:21 AM
AUD/USD Forecast for February 12, 2025
AUD/USD

On 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.

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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.

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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.

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