AUDUSDAustralian Dollar/US DollarFX:AUDUSDShavyfxhubThe head of the Reserve Bank of Australia (RBA) is Michele Bullock, who has been serving as Governor since September 18, 2023. She is the first female Governor of the RBA and plays a crucial role in setting monetary policy for Australia. As Governor, Michele Bullock chairs both the Reserve Bank Board and the Payments System Board, overseeing key decisions on interest rates and financial stability. Her tenure has seen significant economic challenges, including managing inflation pressures while supporting economic growth. The Upcoming AUD/USD Fundamental Data Prints and Their Impact on Trade Directional Bias. Several key economic indicators are set to influence the AUD/USD currency pair in the coming period. These include: 1. Reserve Bank of Australia (RBA) Interest Rate Decisions Impact: The RBA is expected to cut interest rates, which could weaken the Australian dollar against the U.S. dollar if not already priced into markets. Bias: A rate cut might initially lead to a sell bias for AUD/USD, but if it aligns with market expectations, its impact could be muted. 2. Australian Economic Indicators Inflation Data (CPI): Higher inflation figures can lead to expectations of less aggressive rate cuts by the RBA. Impact: Stronger inflation data might support a buy bias for AUD/USD. Employment Figures: Positive employment data can indicate economic resilience. Impact: This could support a buy bias for AUD/USD. 3. U.S. Economic Indicators Building Permits and Housing Starts: Stronger-than-expected figures can boost USD strength. Impact: This might apply downward pressure on AUD/USD, leading to a sell bias. 4. Global Trade Tensions The ongoing situation with tariffs under Donald Trump's administration may indirectly affect Australia through its trade relations with China. Current Market Sentiment The recent rally in AUD/USD has been supported by a weaker USD and positive technical signals However, overbought conditions suggest potential corrections or reversals if key resistance levels are not breached convincingly Potential Trade Scenarios: Buy Bias:If Australian economic indicators show resilience (e.g., strong CPI or employment data), and global trade tensions ease further reducing risks for Australia’s economy. Technical breaches above key resistance levels like on monthly timeframe , the RSI divergent giving me a break of supply roof ,if we close the month on break of structure and its confirmed as a break of structure scenario ,it might return on retest as demand floor and reject to test the long term descending trendline connecting 2012 to 2024 Sell Bias: If U.S. economic indicators surprise positively (e.g., strong housing starts), supporting USD strength against other currencies including AUD. A confirmed break below demand floor would likely reinforce this scenario.