AUD

The IMF recommends the Reserve Bank of Australia raise interest rates even higher

• Says inflation falling too slowly

The AUDUSD is waging a battle between support and resistance targets. What next?

• A swing level and the 100-day MA is support. The 50% and the 200-day MA is resistance above.

AUD/USD off six-week lows but finds itself in a technical box

• The aussie is looking to snap five straight days of declines against the dollar today

Australian dollar dropped after the December jobs report showed a large loss

• A 17K gain in jobs was expected, but we got a 65K loss instead

Australia Dec. Employment -65.1K (expected +17.6K) Unemployment rate 3.9% (exp 3.9%)

• Labour market report from Australia for December 2023

Australian jobs report due soon - preview: Modest gain in employment expected

• The cost of living impact has seen the participation rate to a record high

HSBC predicts mixed performance for US dollar: strength to persist

• Dollar projected to gain against Euro and Pound, may underperform against Yen, Australian and Canadian Dollars

AUDUSD keeps the trend going to the downside but reaches key swing level target.What next?

• The 0.65229 level in AUDUSD was near the low today and that was a low back in November and December before running higher.

The China vortex is sucking in the Australian dollar

• AUD/USD down 1.2%

AUDUSD approaching critical support at 200D MA amidst USD strength & China growth concerns

• Will buyers step in at key MA level amidst USD strength?

AUDUSD Technical Analysis

• The AUDUSD pair breaks a key support zone and runs lower. What’s next?

The antipodean currencies fall to fresh five-week lows against the dollar

• The greenback is on a tear in trading so far today, with the more subdued risk mood adding more pressure to the antipodean currencies

Australian January consumer confidence -1.3% m/m (prior +2.7%)

• Westpac Consumer Confidence

Australian weekly consumer confidence survey falls to 84.4 (prior 84.8)

Commodity currencies struggle after the PBOC leave rates unchanged

• The New Zealand dollar is the laggard today and the Australian dollar isn't far behind