AUD

A mixed bag in Australian business survey - confidence a touch better, conditions worse

• Price pressure remains

Australian Monthly Consumer Confidence -2.4% m/m (prior -1.8%)

• Westpac monthly measure of consumer sentiment in Australia comes in at 82.4

AUDUSD moves above the 100 day MA as buyers make a play

• Can the price of AUDUSD stay above the 100 day MA at 0.65967?

Implied volatility levels for today

• A list of the implied volatility ranges for various assets for today's session

Australian housing finance data for February: Owner occupied +1.6% m/m & Investment +1.2%

• A rebound on the month

AUDUSD Technical Analysis

• The AUDUSD pair rejected once again the key resistance. What’s next?

Final February Australian retail sales 0.3% versus 0.3% estimate

• Australia retail sales for February 2024

Australia balance of goods for February 7.280 million versus 10.500 million estimate

• Australia balance of a good for February 2024

AUD in the top spot and CHF the clear laggard

• The USD's divergence with yields continue which is something to keep an eye on

The AUD & NZD is the strongest while the CHF and USD is the weakest

• Quick look at the strongest and weakest currencies as the session gets underway

Australian data - February building approvals -1.9% m/m (expected +3.3%)

Wall Street Journal: "Strong Australian Services Sector Growth A Headache For RBA"

• Price pressure persists

Australian Services PMI (March, final) 54.4 (prior 53.1)

• S&P Global / Judo Bank Australian PMI, Services and Composite for March 2024

AUDUSD moves higher after softer ISM data, and towards a key cluster of moving averages.

• What next for the AUDUSD after the run higher.

Implied volatility levels for today

• A list of the implied volatility ranges for various assets for today's session