Comdoll traders gather 'round! In case you missed it, Australia's annual CPI came in at 5.4% in the 12 months to September. That's still a long way from the Reserve Bank of Australia's (RBA) 2% - 3% target by late 2025! Given that the RBA almost raised its interest rates in its last decision, market players are now pricing in an interest rate hike in November. This is likely why AUD/CAD jumped all the way to the .8780 area before finding resistance at the R2 (.8770) Pivot Point level.