{"id":316337,"date":"2026-02-25T10:54:08","date_gmt":"2026-02-25T10:54:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/316337\/"},"modified":"2026-02-25T10:54:08","modified_gmt":"2026-02-25T10:54:08","slug":"breakout-extends-with-cpi-surprise-societe-generale","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/316337\/","title":{"rendered":"Breakout extends with CPI surprise \u2013 Societe Generale"},"content":{"rendered":"<p>Societe Generale analysts note that <a href=\"https:\/\/www.fxstreet.com\/currencies\/audusd\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">AUD\/USD<\/a> has broken out of a multi\u2011month consolidation and is trading near its 2023 peak after a stronger\u2011than\u2011expected Australian core CPI print. The report highlights nearby <a href=\"https:\/\/www.fxstreet.com\/technical-analysis\/support-resistance\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">support and resistance<\/a> levels, outlines upside technical targets, and stresses that RBA pricing now fully discounts a second 25 bp rate hike to 4.10% in May.<\/p>\n<p>Breakout holds as RBA priced higher<\/p>\n<p>&#8220;Spot reclaims 0.71-handle in biggest gain since 11 February (0.74%) following above forecast January CPI.&#8221;<\/p>\n<p>&#8220;Australia January headline CPI unchanged at 3.8%, core trimmed mean ticks up to 3.4% from 3.3% (+0.3% m\/m).&#8221;<\/p>\n<p>&#8220;A second rate increase by the RBA to 4.10% is fully discounted for May.&#8221;<\/p>\n<p>&#8220;AUD\/USD broke out of a multi month consolidation base and recently revisited the 2023 peak at 0.7150. Following this move, the pair has entered a brief consolidation phase, with no clear indications yet of a downside reversal. Should a short-term pullback unfold, the February low at 0.6890 is expected to serve as initial support.&#8221;<\/p>\n<p>&#8220;The breakout from the previous wide range highlights possibility of further upside. Beyond 0.7150, next objectives could be located at projections of 0.7220 and 0.7400.&#8221;<\/p>\n<p>&#8220;Gov Bullock speaks late, capex data tonight.&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/p>\n","protected":false},"excerpt":{"rendered":"Societe Generale analysts note that AUD\/USD has broken out of a multi\u2011month consolidation and is trading near its&hellip;\n","protected":false},"author":2,"featured_media":270079,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":{"0":"post-316337","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-ie","11":"tag-ireland"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/316337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=316337"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/316337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/270079"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=316337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=316337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=316337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}