Australian Dollar strengthened following January’s stronger-than-expected CPI data, but the move has resembled a “steady climb” rather than a “breakout surge”. While markets interpreted the firm headline and core readings as reinforcing the hawkish stance of the RBA, positioning remains measured. One reason is that a May rate hike is already largely priced in. After […]The post CPI supports AUD, but breakout pending; AUD/CAD bullish, GBP/AUD bearish appeared first on ActionForex.