- The Australian dollar stood in the US-China trade negotiations in the midst of slower progress.
- The US dollar strength pushed the Aussie lower, despite the positive global feeling.
- Continuing economic uncertainty, the main inflation and employment data release in frontTo.
- The market focuses on the following moves and global trade resolutions in the US Federal Reserve.
The Australian Dollar (AUD) was on the market with a certain pressure after US-China's trade negotiations disappointing progress. Although the global risk environment is still positive, the tariffs and trade policy problems affect the Aussie movement. Investors are now waiting for the US main data to get further.
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- The Australian dollar fights when trade between the US and China is considering the market.
- The US dollar (USD) is still strong, continuing to affect other currencies, including Australian dollars.
- Entrepreneurs are cautious before the upcoming inflationary data from the US, which is expected to affect market movements.
- Despite the positive feeling of the global market, Aussie is under pressure, with limited domestic catalysts.
- Global raw prices saw a slight rise, but Aussie could not take advantage of the profit.
- The Australian Reserve Bank (RBA) remains in the storage habits, observing international developments closely.
- Next week, the main economic data, such as Australian employment indicators, are expected, markets will follow surprises.
- US-China trade negotiations are still important in the spotlight, with few specific progress in tariffs.
- Global markets have a general risk that restricts the risk of appetite for risk -sensitive currencies such as Aussie.
- The Australian dollar continues to monitor the broader US dollar movements in the absence of strong domestic drivers.
- China's economic outlook is still uncertain, affecting the demand for Australian exports and exerts additional pressure on Aussie.
- Currencies related to goods, including the Australian dollar, see confusing results in the middle of the global economic outlook.
- The next Australian dollar from the keys is the release of the upcoming economic data, especially labor and inflation numbers.
Technical analysis
The Australian dollar shows some signals as it trades near 0.6400. The relative strength index (RSI) remains neutral at 53.11, while the difference in moving medium approach (MACD) continues to show a shopping signal that refers to the potential upward movement. The main support levels are 0.6394, 0.6385 and 0.6376, with resistance 0.6413, 0.6418 and 0.6423. Moving mediums also refer to a mixed outlook, with a 20-day SMA (0.6394) supporting bullish movement, while the 200-day SMA (0.6461) is caracas. The Australian dollar is still extensive, with traders focusing on the upcoming trends.
Australian Dollar Fuck
One of the most important factors in the Australian Dollar (AUD) is the level of interest rates set by the Australian Reserve Bank (RBA). As Australia is a resource -rich country, the second key manager is the price of its largest export, iron ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as Australian inflation, its growth rate and trade balance. Market minds-investors accept more risky assets (risk-on) or are looking for safe Haven (risk-field) -s factor, which is a positive risk for AUD.
The Australian Reserve Bank (RBA) affects the Australian dollars (AUD), setting Australian banks to borrow to each other. This affects the level of interest rates for the entire economy. The main purpose of the RBA is to maintain a stable inflation rate of 2-3%by adjusting the interest rates up or down. Relatively high interest rates compared to other major central banks support AUD and the opposite relatively low. Quantitative alleviation and effort with the former AUD negative and another can also be used to influence the credit conditions.
China is the largest trading partner in Australia, so the health of the Chinese economy is a significant impact on the Australian dollar value (AUD). If the Chinese economy is doing well, it buys more raw materials, goods and services in Australia, raising the demand for AUD and pushing its value. The opposite is that the Chinese economy does not grow as fast as it was thought. Therefore, positive or negative surprises of Chinese growth data are often a direct impact on the Australian dollar and its couples.
Raudmaa ore is the largest export of Australia, which, according to the 2021 data, is $ 118 billion a year, which is the main destination of China. Therefore, the price of iron ore may be the Australian dollar leader. In general, AUD also rises the price of iron ore as the demand for all currency is increasing. The opposite is the case when the price of iron ore falls. Higher prices for iron ore also cause Australian positive trade balance, which is also positive for AUD.
A trade balance, which is a difference between what the state earns from its exports compared to what it pays for imports is another factor that can affect the value of the Australian dollar. If Australia produces highly coveted exports, it becomes a purely surplus demand from foreign buyers who want to buy their exports compared to what it spends to buy imports. Therefore, the positive net trade balance is strengthened by the AUD if the trade balance is negative.
