This week, traders will closely monitor the Australian inflation figures set to release on April 30. The Reserve Bank of Australia (RBA) may decide on rate cuts based on these figures. Additionally, US core PCE data will be significant for determining market direction. Traders of the AUD/USD pair should stay alert to these key releases as they will be critical for informing forecasts. Understanding both local and international economic indicators will be essential for navigating potential currency fluctuations.