AUD

AUDUSD Technical Analysis

• The pullback in AUDUSD continues.

Aussie pares losses after RBA setback earlier

• AUD/USD erases all of the losses from earlier to 0.6680 on the day

Aussie slips as the RBA presses the pause button

• Those hoping for a 25 bps rate hike today were disappointed

Reserve Bank of Australia policy decision & statement due the bottom of the hour - preview

Reserve Bank of Australia policy decision still to come, an 'on hold' preview

Australian weekly consumer confidence survey 74.1 (prior 74.9)

• Australian consumer sentiment remains deeply pessimistic.

AUDUSD traders using moving averages to define boundaries today

• 200 hour moving average, 200 day moving average, and 100 day moving average all tested

Australia trade minister expects more announcements on improving trade with China soon

Australia ANZ-Indeed Australian Job Ads fell 2.5% m/m in June (prior +0.1%)

Australian May Building permits +20.6% m/m (expected +2.0%)

Australian housing finance data for May 2023 rises

Australian private survey inflation gauge for June headline is +0.1% m/m vs. 0.9% prior

Australia June final Manufacturing PMI 48.2 (flash was 48.6, prior 48.4)

A free trade deal between Australia and the European Union is “still a fair way off”

Only one of Australia big four banks expects the RBA cash rate to remain on hold this week