- The AUD / USD price analysis indicates the growth of solid wages in Australia.
- The market participants remain the prices of the cut RBA rates in May.
- The US CPI increased by 0.2% in April compared to 0.3% forecasts.
The price analysis of the AUD / USD indicates the growth of solid wages in Australia, which is consumed by the Australian dollar higher. At the same time, the American dollar remains fragile after collapsing at the previous session due to the data of inflation of falls.
–Are you interested in learning more about MT5 brokers? See our detailed guide-
Aussie rose on Wednesday after the data found that the salary price index increased by 0.9% in K1. This figure was greater than a forecast of 0.8% and reflected strength in the labor market. More employment data will come on Thursday. However, market participants continues to prices RBA RBA in May. Cooling inflation and global growth worries have hardened cuts for the cut.
Meanwhile, the dollar remained weak after inflation on Tuesday missed forecasts. According to data, American CPI increased by 0.2% in April, compared to predictions of 0.3% increase. Meanwhile, the annual digit increased by 2.3%, below the estimate of 2.4%. Padua data increased pressure on FED to lower lending costs.
However, policy makers can remain careful, waiting to see if Trump tariffs have stepped up priced pressures. However, the prospects for the future improved from China and the United States agreed to hide tariffs.
AUD / USD Key events Today
The market participants do not expect more key economic editions from Australia or the United States.
Audi Audi Aud / USD Analysis of Technical Books: Bigs to challenge 0.6500
On the technical page, the price of AUD / USD violated above 30 SMA after it has not broken below the support level of support from 0.6351. Initially, the price traded in the bikal trend above the 30ths. However, the momentum started fading when the price reached a key level 0.6351. Although the bulls have made a new highly close-key psychological level 0.6500, the price continued to cut through SMA.
–Are you interested in learning more about Thailand forex brokers? See our detailed guide-
During the latest swing, the bears failed to break below the 0.6351 support, allowing bulls to return stronger. The price is now sitting above SMA with RSI that is approaching the transferred region. Given the solid bias, AUD / USD will soon re-set resistance level at 0.6500.
The upper break would strengthen biscare bias and continued the previous Usttrend. On the other hand, if the resistance is held, the price can remain in consolidation.
Looking for forex trading now? Invest in Ethorro!
68% Retail order Loss of money lose money when trading CFDs with this provider. You should consider whether you can afford to take a high risk of losing money.
