Market Analysis : AUDTHB exhibits a Sideway to Bullish posture as investors track Australia’s Commodity Price Index, a vital metric reflecting export earnings and the domestic growth outlook. Robust growth in commodity export prices serves as a immediate tailwind for the Australian Dollar, bolstering export revenues and supporting AUDTHB upside. Conversely, a weaker-than-expected print would weigh on AUD sentiment and stall the pair’s recovery phase.

Technical Outlook: Sideway to Bullish. The technical layout reflects a bullish recovery following a rebound off the Demand Zone, with price action reclaiming a position above short-term moving averages. The RSI holds firm above 60 and the MACD reflects a positive crossover above its signal line, confirming active buying momentum. A sustained hold above 23.42 will open the door for a retest of the Fair Value Gap (FVG) target zone at 23.48–23.52. Key downside risks remain focused around the 23.48–23.52 resistance layer, where rejection could trigger a pullback to 23.40–23.36, especially if Australian data misses or the US Dollar strengthens broader.

Support : 23.40 – 23.36

Resistance : 23.42

Target 23.48 – 23.52

Cut Loss : 23.34