AUD

AUDUSD Technical Analysis – We are back at the key resistance zone

• The AUDUSD pair remains confined in a range as we head into the US CPI report. What’s next?

EUR, AUD, NZD give back their earlier gains against the USD

AUDUSD dips to key moving averages before bouncing back

• AUDUSD tests critical moving averages and swing area before potential upside target at 0.6326–0.6336. Buyers seek control amidst selling pressure.

AUD and NZD still losing ground against the JPY and USD

• AUD, NZD notable underperformers

Australian data: Trade Surplus beats, Building approvals beats

• Higher than expected data from Australia on trade and building approvals in January 2025

AUDUSD buyers make a play to the upside. Can they keep the momentum going?

• The price moves above its 100 and 200 hour MAs. Swing area on the topside is also breached.

Australian Q4 2024 GDP +0.6% q/q (vs. expected +0.5%)

• Australian economic growth data for the final quarter of last year

RBA's Hauser says closely watching the trade war impact on inflation

• Reserve Bank of Australia Deputy Governor Hauser Q&A

Australia Services PMI for February (final) 50.8 (prior 51.2)

• Softer than January

RBA's Hauser says measures of global trade uncertainty are at 50 year highs

• Reserve Bank of Australia

AUDUSD Technical Analysis – The AUD stays under pressure amid growth concerns

• The AUDUSD pair dropped all the way back to the year’s lows amid risk-off flows and tariffs risk What’s next?

Australia’s Retail Sales rebound in January, rising 0.3% m/m vs. 0.3% expected

• Jumping from December's -0.1%

Goldman Sachs vs. the Reserve Bank of Australia (OK, not really)

• Australian Financial Review Business Summit 2025 begins today

Australian weekly consumer sentiment survey dropped to 87.7 (prior 89.8)

• ANZ-Roy Morgan Australian Consumer Confidence index

Australian Q4 GDP growth data expected to remain soft, seen strengthening in 2025

• Q4 economic growth data is due from Australia mid-week