AUDTHB Under CPI Pressure

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AUDTHB Under CPI PressureAUSTRALIAN DOLLAR / THAI BAHTFX_IDC:AUDTHBYES_GroupMarket Analysis: The AUDTHB pair faces downside pressure following Q2 Australia Consumer Price Index (CPI) data that came in below expectations. This reflects slowing inflationary pressures and heightens expectations that the Reserve Bank of Australia (RBA) may ease monetary policy in the upcoming period, triggering selling pressure on the AUD. Meanwhile, the market awaits the outcome of the FOMC meeting, which could influence the direction of the US Dollar and add short-term volatility to the AUDTHB pair. Technical Outlook: The overall technical picture for AUDTHB remains in a downtrend after breaking below key support and continuing to trade below the Down Trend Line. Although buying interest has emerged near short-term support, the current bounce is merely a technical rebound as the price has yet to hold above key resistance levels. If the price can sustain above the Fair Value Gap (FVG) area and break through short-term resistance, it will increase the likelihood of a rebound toward the 23.34–23.36 target range under the Bullish Scenario. However, a failure to clear the FVG zone and short-term resistance could re-trigger selling pressure, with a break below 23.22 opening the door for further downside toward 23.21–23.19 under the Bearish Scenario. Support Level : 23.21 Target : 23.34 – 23.36 Stop Loss : 23.20