Key takeaways RBA may maintain hawkish stance: Australia’s core CPI rose to 3.4% y/y in January, above expectations. Markets are now pricing another hike in May, reinforcing a tightening bias. Yield spread favours AUD strength: The Australia–US short-term rate spread has widened sharply, supporting further AUD appreciation. The Aussie is already the best-performing major currency […]The post Chart Alert: AUD/USD Bullish Reversal at 20-Day Moving Average, Enroute to 0.7210 appeared first on ActionForex.