AUD/USD Price Analysis: On the verge to test a five-month high around 0.7060 ahead of Australian CPI

• AUD/USD is aiming to print a fresh five-month high above 0.7060 ahead of Australian inflation.
• The USD Index has found an intermediate cushion around 101.50, however, the downside bias is still solid.
• A bullish momentum will be triggered after a jump by the RSI (14) into the bullish range of 60.00-80.00.

The AUD/USD pair is juggling in a narrow range above the crucial support of 0.7040 in the early Asian session. The Aussie asset is on . . .