Bullish View

• Buy the AUD/USD and set a take-profit at 0.7200.
• Add a stop-loss at 0.7000.
• Timeline: 1-2 days.

Bearish View

• Set a sell-stop at 0.7050 and a take-profit at 0.6970.
• Add a stop-loss at 0.7100.

The AUD/USD price soared to the highest level since June 10th of this year after the latest American consumer inflation data. It rose to a high of 0.7110, which was about 6.1% above the lowest level this year.