US CPI eased to 3.4 percent as expected, briefly pressuring the dollar before it reversed to close about 0.2 percent higher.
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AUD futures reached a six-week high after the RBA held rates but signaled it remains open to hiking further if needed.
Multi timeframe analysis combines a higher timeframe for trend context with a lower timeframe for precise entry timing.
H1 and H4 charts offer beginners a manageable balance of detail and pace, avoiding the rush of very short timeframes.
Forex timeframes range from one-minute to monthly charts, shaping which patterns and trends become visible.
The RBA held its cash rate at 4.35 percent as expected, but its statement kept the door open to a future hike if inflation risks build.
A bar chart plots the same open, high, low, and close data as a candlestick using a vertical line with a left open tick and right close tick, a thinner format popular for dense multi-chart layouts.
A line chart connects only closing prices into one line, the cleanest way to read overall trend direction, compare multiple instruments, and see long-term price history at a glance.
Candlestick charts show open, high, low, and close through colored bodies and wicks, the most widely used forex chart type.