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ForexMediumUpdated•Originally published 24 February 2026•Updated 24 February 2026•

1 min read

AUD/USD Consolidates Near Three-Year Highs Ahead of Crucial Australian CPI Data

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Key Facts

1Traders are awaiting the monthly Australian CPI report to determine the next interest rate path.

3 months ago

Version History

Version 13 months ago

What changed: Added technical context noting that the AUD/USD pair is trading near a significant three-year high milestone.

The AUD/USD pair is currently consolidating just below its three-year highs as market participants await the release of the monthly Australian Consumer Price Index (CPI) report. This inflation data is expected to be a decisive factor for the Reserve Bank of Australia (RBA), which recently raised rates to 3.85% while signaling potential further tightening. Concurrently, the US Dollar has faced headwinds following a Supreme Court ruling regarding reciprocal tariffs linked to Donald Trump's trade agenda. Federal Reserve Governor Christopher Waller has also emphasized the importance of next week's Non-Farm Payrolls (NFP) report for the US monetary path. The Australian Dollar needs robust CPI figures to maintain its bullish momentum and break through significant technical resistance levels. Investors remain focused on these high-impact catalysts to gauge the policy divergence between the RBA and the Federal Reserve.