AUDUSD Insight

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Key Points
- U.S. President Trump commented on the proposed meeting between the Presidents of Ukraine and Russia in Türkiye on the 15th, suggested by Saudi Arabia, saying, “They could achieve a very good result.”
- The U.S. Department of Labor reported that the Consumer Price Index (CPI) rose 0.2% from the previous month and 2.3% year-on-year, marking the lowest level since February 2021 and coming in below expectations.
- In last week's Australian general election, the Labor Party, capitalizing on anti-Trump sentiment, achieved a landslide victory and succeeded in extending its term in office.

Key Economic Events This Week
+ May 14: Germany April Consumer Price Index
+ May 15: U.K. Q1 GDP, U.S. April Retail Sales, U.S. April Producer Price Index, Fed Chair Powell’s speech
+ May 16: Japan Q1 GDP

AUDUSD Chart Analysis
The pair has broken above a resistance level and is showing upward momentum. If it breaks through the recent high at the 0.65000 level, it may trigger a full-fledged rally, with 0.69000 being a likely target. However, if it fails to break above the previous high, the trend could shift, and in that case, we will formulate a new strategy.