AUD

AUDUSD Technical Analysis

• The AUDUSD pair bounces near the key support zone. What’s next?

RBA: budget pressures affecting households Australia-wide, severe financial stress limited

• Concerns about broader financial stability persist

Australia's Treasurer has a new monetary policy statement with Reserve Bank of Australia

AUDUSD: Swing target holds support at low and buyers now attempt a comeback rally

• The AUDUSD has found support at a key swing target and is now seeing a bounce back, but faces resistance from moving averages. Buyers are making a play, but caution is advised with upcoming jobs report.

Australian trade balance for October is a smaller than expected surplus

• Weak Australian economic growth is a worry for policy makers

AUDUSD struggles with 200-day moving average; volatility raises uncertainty

• AUDUSD fails to maintain momentum above 200-day moving average, exhibiting volatility and uncertainty in the market.

AUD/USD looks to try and undo yesterday's technical setback

• The aussie was the laggard yesterday but is retracing losses so far today

Australian dollar response after Q3 GDP data reveals slowest growth in 2 years

• Australian dollar is up a little

Australian Q3 GDP +0.2% q/q (vs. expected +0.4%)

• The q/q is the slowest in two years.

Australian Industry Index contracts in November, lowest reading since June 2020

• Falling demand and activity resulted in contractionary conditions, onsumer facing industries posting large declines.

RBA keeps rates unchanged. A dovish slant spurs on a AUDUSD drop.

• The Reserve Bank of Australia's decision to maintain interest rates at 4.35% was seen as a dovish move, causing the AUDUSD to decline. Technical analysis reveals a breakdown below key moving averages, signaling potential further selling.

AUDUSD Technical Analysis

• The AUDUSD pair drops from the key trendline. What’s next?

Aussie hangs at the lows for the day ahead of North America trading

• A consequence after the RBA left the cash rate unchanged earlier today

AUD/USD gets drawn back to key technical level after RBA hold

• The Australian dollar is the weakest performer today, after the RBA kept the cash rate unchanged

AUD/USD is lower after the RBA 'on hold' policy decision and less hawkish rhetoric

• The AUD/USD has dropped as the Board awaits further data before making more moves.