AUD

AUDUSD tilts the bias to the downside. Back below the 200 hour MA

• The break higher last week falls.

Critical Australian inflation data due tomorrow - likely to tick the RBA rate cut box?

• Australian Q4 CPI preview via Commonwealth Bank of Australia

Australian December 2024 business confidence: -2 (prior -3)

• National Australia Bank business survey, for December 2024

Sellers are making play in the AUDUSD. Can they keep the momentum to the downside going?

• The AUDUSD is trading back below its 100-hour moving average of 0.6283. The swing area between 0.6287 and 0.63016 is also a key barometer for buyers and sellers.

Market Outlook for the Week of 27th - 31st January

• The highlights of the week include inflation data in Australia and monetary policy announcements from BoC, FOMC and ECB

AUD traders heads up - it's a market holiday in Australia today

• Observance of the Australia Day national holiday

Newsquawk Week Ahead: FOMC, ECB, BoC, US PCE, EZ GDP, Tokyo and Australian CPI

• Next week highlights include rate decisions from the Federal Reserve, ECB, BoC, Riksbank and BCB. On data, US PCE, EZ and Canadian GDP, Japan Activity Data, Tokyo and Australian CPI will be in focus, as will Chinese PMIs and Industrial Profits.

The AUDUSD has moved above a key swing today & it gives buyers some control into new week.

• The AUDUSD moved above the 38.2% of the move down from the end of November at 0.62902 and a swing area between 0.6287 and 0.6301. Stay above gives buyers some hope in the new week.

The USD has slumped after Trump said prefer no tariff on China - AUD hits 5 week high

• Trump said he would prefer not to use tariffs on China

Australian Flash Manufacturing PMI for January leaps higher, almost into expansion

• Australian Flash Manufacturing PMI for January 49.8 (December was 47.8)

AUDUSD is stretching higher into resistance

AUDUSD runs into sellers near swing area/retracement target. Seller make a play.

• Volatile price action in the AUDUSD finds willing sellers near swing area between 0.6287 to 0.6301

AUDUSD Technical Analysis – The pair seems to be bottoming out

• The AUDUSD pair seems to be bottoming out but we will need a break above the 0.63 handle to increase the conviction. What’s next?

Australian Leading Index shows "more modest momentum"

• Westpac-Melbourne Institute Leading Index for December 2024

Volatility is the name of the game for AUDUSD but buyers held support near key MA support

• The 100 hour MA stalled the fall in the AUDUSD, and the price bounced