AUD

AUDUSD reverses declines and moving to a new high and above 100 hour MA

• The 100 hour MA at 0.7020

AUD/USD claws its way back to 0.7000 as dollar lags on the day

• The US dollar falls further across the board

Australia – Westpac Consumer Confidence Index for May -5.6% m/m (vs. prior -0.9%)

AUDUSD down for the 4th day in a row

• Down more than 350 pips in the last 4 days

Bitcoin bounces from under 30K: AUD, US equity index futures bouncing too

Quarterly retail sales data from Australia: Q1 +1.2% q/q (vs. expected +1.0%)

Australian April business confidence 10 (vs. prior 16)

Australian weekly consumer confidence survey 90.5 (prior 90.7)

• ANZ-Roy Morgan Australian Weekly Consumer Confidence survey

The AUD/USD chart isn't sending a hopeful signal

• Maybe it bounces from here?

Just a matter of time before AUD/USD breaks below 0.7000?

• Can the aussie hold up against the dollar?

AUD and NZD continue their drip lower against the USD

Australian business confidence is due Tuesday May 10

Australian union movement seeking an increase to the national minimum wage citing high CPI

Updated view for AUD/USD: To 0.74 and higher in weeks/months ahead

AUDUSD and NZDUSD stay below hourly MA levels at session highs today. Sellers are winning.

• Keeps the bears in control with the price below the MA levels