AUD

China new coal-fired power plant construction approval soared in 2022 - energy security

Australian data: Q4 Business Inventories -0.2% q/q (vs. Expected -0.2%)

Australia maintains key macroprudential policy settings - warns of possible deterioration

AUDUSD cracks below the 200 day MA and heads to the 100 day MA target

• The 100 day MA comes in at 0.67214. Key level

AUD/USD is starting to see support lines crack under the dollar pressure

• Sellers are looking for a push below the 200-day moving average now

Westpac have raised their RBA forecast: Peak cash rate to 4.1% (from 3.85%)

AUDUSD snaps back above 200 day MA at 0.68029

• The 38.2% retracement target could not be broken

The Australian dollar drop is sending a warning sign for risk assets. Or not?

• AUD/USD now trading lower on the year

AUDUSD tries another break of the 200 day MA

• AUDUSD 200 day MA broken at 0.6803

Australian CPI data was a shocking surprise, locked in rate hike. Next CPI due next week.

RBA Deputy Governor Bullock will be speaking later today

Australian headline Q4 2022 capex +2.2% q/q (vs. expected +1.3%)

AUDUSD back below the 200 day MA

• The 38.2% of the move up from the October low is the next target

AUDUSD moves toward key 200 day MA support again. Buyers are leaning.

• 200 day MA at 0.68038

Australian data - Q4 construction work completed a huge miss at -0.4% q/q (expected +1.5%)