Australia faces a dilemma between inflation and labor slowdownAUD/USDOANDA:AUDUSDinkicho_exness The RBA, in its latest meeting minutes, emphasized that the recent rate hold reflects a cautious and gradual approach toward achieving its inflation target. While the central bank noted the need for further data to confirm a decline in inflation, some Board members flagged rising unemployment as a signal of potential labor market softening. Bloomberg added that Australia’s export-driven economy remains vulnerable to tariff-related uncertainties, while private demand growth remains sluggish. AUDUSD extended its uptrend after testing the low at 0.6455, reaching as high as 0.6560. Both EMAs narrow the gap, indicating a potential shift toward bullish momentum. If AUDUSD holds above both EMAs, the price could gain upward momentum toward the high at 0.6595. Conversely, if AUDUSD breaks below the support at 0.6540, the price may retreat toward 0.6510.