AUD

Australian Weekly ANZ Roy Morgan Consumer Confidence survey 79.8 (vs. prior 77.6)

AUDUSD test 100 hour MA. Will the buyers hold support?

• The AUDUSD bounced off 200 hour MA/50% earlier today

AUDUSD sellers are making a play to start the trading week

• The price of the AUDUSD is back below its 100-hour moving average and 38.2% of the September trading range at 0.6432 and 0.64287. Staying below is more bearish.

AUDUSD bounces off the 100 hour MA for the 3rd day in a row

• The buyers in the AUDUSD holding onto control above the 100 hour MA at 0.64307

AUDUSD Technical Analysis - Key levels in play

• The AUDUSD pair remains in a consolidation phase.

AUD/USD still caught in a consolidative phase after August fall

• The pair is up 0.5% to 0.6470 today but is still caught rangebound in the past few weeks

Australia has a new Reserve Bank of Australia Governor today - Bullock replaces Lowe

JP Morgan raise their forecasts for iron ore citing 'resilient' China

AUDUSD trades the short term retracement levels today. What next?

• The 38.2% holds support. The 61.8% holds resistance

Australia August Jobs +64.9K (vs. +25K expected) & Jobless rate 3.7% (vs. 3.7% exp)

• Australian employment market report for August 2023

Australian Consumer Inflation Expectations for September: 4.6% (vs. prior 4.9%)

• Melbourne Institute Inflation Expectations data

AUD higher heading into the jobs data soon (NZD, CAD and yen higher too)

AUD/USD bumps higher as the risk mood improves

• AUD/USD now higher on the day

AUDUSD Technical Analysis - Key levels in play

• The AUDUSD pair is in rangebound mode.

Australian August Business confidence 2 (was 1 in July) & Conditions 13 (11 in July)