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The AUD/USD pair remains near 0.7055, hovering just below its year-to-date high of 0.7155, as traders adopt a cautious stance following the U.S. Supreme Court's ruling on Trump-era tariffs and await Australia's inflation data. The risk-off sentiment post-ruling has dampened immediate momentum, but a bullish breakout is anticipated if the upcoming inflation report shows signs of easing pressures. The Australian dollar's performance will hinge on whether the data aligns with the Reserve Bank of Australia's tightening cycle expectations. Traders are closely monitoring technical levels and central bank policy signals for directional clarity.
