AUD

AUD/USD Technical Analysis

• What to expect from AUDUSD in the short-term.

AUD traders heads up for RBA Governor Lowe to be questioned in parliament tomorrow

Australia NAB Business Confidence for January 6 (prior -1)

Australia monthly consumer confidence (February) -6.9% (vs. prior 5%)

Australia weekly consumer confidence fell 5.5 points w/w to its lowest since April 2020

AUDUSD reaches upside resistance targets

• 38.2% and falling 200 hour MAs in play

More on RBA Governor Lowe's private meeting with Australian investment firm Barrenjoey

Reserve Bank of Australia Governor Lowe in hot water - briefed a hedge fund on policy

• The RBA talks extensively with market participants, but Lowe spoke with this hedge fund while not speaking in public since November last year.

AUDUSD stuck in a range above and below 100 hour MA

• Watching 0.6909 on the downside for the next technical clue.

AUD traders: Early heads up for Reserve Bank of Australia Governor Lowe speaking next week

RBA Statement revises forecasts for core inflation higher

AUDUSD backs off after 200 hour MA/50% retracement was broken.... and failed

• 200 hour MA and 50% at 0.7006 area

AUD/USD Technical Analysis

• The US Dollar is not yet out of the woods.

Australia's 4 largest banks have all passed through the RBA rate hike

The GBP is the strongest the AUD is the weakest making the GBPAUD the biggest mover today

• The GBPAUD is up 0.67%