AUD/USD pulls back from 0.8110 ahead of CPI, Trump speech

• AUD/USD trading flat ahead of Australian CPI release.
• Dollar pairs await Trump's State of the Union Address.

AUD/USD traded relatively flat into the closing hours of the New York session, finishing the day a scant 12 pips lower than where it started 24 hours ago, currently trading around the 0.8082 level. 

The Aussie retreated from recent highs following a day of back-and-forth before settling down safely within the indecisive range established so far this week as traders await inflation data for Australia, due at 00:30 GMT.

Dollar pairs can expect some impact from President Donald Trump's State of the Union Address beginning at 02:00, as the Dollar Index continues to tumble under his presidency, despite his recent remarks that he wants to see "ultimately.... a strong dollar".

AUD/USD technical levels

The Aussie has traded sideways against the US Dollar this week with limited volatility,  with support and resistance for the week currently sitting around 0.8062 and 0.8107, respectively. H4 charts show the 34 EMA acting as support for a bounce during the London/NY sessions, and the established uptrend still appears fully intact on the Daily charts, with technical indicators still showing overbought conditions, but showing some signs of reversal potential.