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AUDUSD finds resistance at key MAs as sellers retake short-term control
- Price action whipsaws between key moving averages, with bearish pressure building below 0.64308 and 0.6460
AUDUSD retreats after false breakout above key resistance
- AUDUSD reverses lower after breaching 0.6504 swing high, now testing 200-day MA at 0.6460. Break below may signal further downside towards 0.6428 levels.
Australian dollar higher on talk of Bessent/Greer/ China Vice Premier He Lifeng meeting
- The meeting is said to be taking place later this week in Switzerland
AUDUSD knocking on the 0.6500 target level.
- Moving away from the 200-day MA again
AUDUSD holds support above 100-hour MA as bulls eye December highs
- AUDUSD holds support at prior range highs; bulls look to build on breakout above key MAs
Australian March building permits -8.8% m/m (expected -0.6%)
- Big slump on the month, hosuehold spending was weak also
ICYMI - National Australia Bank (NAB) revised its year-end AUD/USD forecast higher to 0.70
- NAB expects the Reserve Bank of Australia to cut rates by 50 basis points in May
AUDUSD runs above 200 day MA. On pace for first close above since November 2024
- The 200 day MA is at 0.6461
Australian PM Albanese won the weekend election, says spoke to Trump after
- Described the conversation with Trump as warm and positive
Australia job ads for April +0.5% m/m (prior +0.4%)
- We had a privately surveyed inflation report a few minutes ago, now for the labour market update!
Australia TD-MI Inflation Gauge, April 2025: 0.6% m/m (prior 0.7%) & 3.3% y/y (prior 2.8%)
- Privately surveyed CPI measure for Australia, April 2025
Newsquawk Week Ahead: FOMC, BoE, US ISM Services PMI, Canada jobs and China trade
- Next week focus will be on the Federal Reserve and BoE rate decisions. Elsewhere, the US ISM Services PMI is due, as is China trade data and the Canadian jobs report.
AUDUSD stalls at 200-day MA after breakout fails above 0.64687
- Buyers must defend 0.6429–0.64419 support zone after failing to hold breakout above 0.64687 and the 200-day moving average.
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