Aussie Q4 CPI beats estimates, AUD/USD bid to fresh impulse highs

 The major release of the day has just arrived in Australia's 4th quarter Consumer Price Index.

The data has arrived as follows:

• AUSTRALIA Q4 RBA TRIMMED MEAN CPI +0.4 PCT Q/Q (REUTERS POLL +0.4 PCT)
• 26-Jan-2021 18:30:01 - AUSTRALIA Q4 CPI (ALL GROUPS) +0.9 PCT Q/Q (REUTERS POLL +0.7 PCT)
• 26-Jan-2021 18:30:01 - AUSTRALIA Q4 RBA WEIGHTED MEDIAN CPI +0.5 PCT Q/Q (REUTERS POLL +0.4 PCT)
• 26-Jan-2021 18:30:01 - AUSTRALIA Q4 RBA TRIMMED MEAN CPI +1.2 PCT YR/YR (REUTERS POLL +1.2 PCT)
• 26-Jan-2021 18:30:01 - AUSTRALIA Q4 CPI (ALL GROUPS) +0.9 PCT YR/YR (REUTERS POLL +0.7 PCT)
• 26-Jan-2021 18:30:01 - AUSTRALIA Q4 RBA WEIGHTED MEDIAN CPI +1.4 PCT YR/YR (REUTERS POLL +1.2 PCT)

As for the Aussie's reaction, AUD/USD has popped to fresh highs in an extension of the daily impulse. 

More to come 

AUD/USD Price Analysis: Bulls counting on a break of symmetrical triangle resistance

Description of CPI

The Consumer Price Index released by the RBA and republished by the Australian Bureau of Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The trimmed mean is calculated as the weighted mean of the central 70% of the quarterly price change distribution of all CPI components, with the annual rates based on compounded quarterly calculations.