The post AUD/USD bounces sharply from recent pullback appeared on BitcoinEthereumNews.com.

AUD/USD jumped about 0.8% on Monday, closing just shy of 0.7100 in a session that erased a large portion of last week’s pullback. The pair traded as low as 0.6960 before buyers stepped in aggressively, producing a bullish candle with a long lower wick that signaled firm demand below the 0.7000 level. Price has been oscillating in a broad range between 0.7000 and the year-to-date high near 0.7150 since mid-February, and Monday’s bounce keeps the pair firmly in the upper half of that range. China’s February Consumer Price Index (CPI) beat expectations on Monday, rising 1.3% YoY against a consensus of 0.8%. The surge was largely seasonal, tied to an extended nine-day Lunar New Year holiday that boosted spending on travel, dining, and services. Producer prices fell 0.9% YoY, better than the expected 1.1% decline, with rising metals and energy costs helping to narrow factory-gate deflation. Chinese trade data on Tuesday is the next regional catalyst, with February exports expected at 7.1% YoY growth and imports forecast at 6.3%. In Australia, Energy Minister Chris Bowen disclosed that the country holds just 36 days of petrol reserves, well below the 90-day threshold recommended by the International Energy Agency (IEA), keeping the Strait of Hormuz supply shock front of mind for domestic policy. The Reserve Bank of Australia (RBA) meets on March 17, with markets pricing roughly 30% odds of another hike; a move to 4.10% in May is priced in further. Wednesday’s US February CPI is the week’s marquee data risk for the pair. AUD/USD daily chart Technical Analysis In the daily chart, AUD/USD trades at 0.7077. The pair holds a firm bullish bias as price action remains well above the rising 50-day and 200-day exponential moving averages, underscoring an established uptrend despite recent consolidation under 0.7100. The latest pullback from…

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Filed under: News - @ March 9, 2026 10:26 pm