Rangebound AUD/USD Awaits Australia CPI as Bullock Signals Higher Hurdle for RBA Hike
Source: Action Forex - https://www.actionforex.com/action-insight/market-overview/648719-rangebound-aud-usd-awaits-australia-cpi-as-bullock-signals-higher-hurdle-for-rba-hike/
Published: Jul 28, 2026 5:25 AM
TL;DR: RBA Governor Michele Bullock has reframed Wednesday's Q2 CPI report — the question isn't whether core inflation is elevated, but whether it's hot enough above 3.8% to justify an August RBA hike, with AUD/USD stalled at resistance ahead of the release.
Market context: This update is relevant to AUD traders, with AUDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.
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