- Analysis AUD / USD Analysis shows that Aussie climbing despite the data of GDP in spite of the fall.
- Data on Wednesday found that in K1 in K1 in K1 barely expanded to K1.
- Markets are anxiously expected development of events on trade talks.
Analysis AUD / USD Analysis shows that Aussie climbing despite the data of GDP in spite of the fall. The power in the Australian dollar comes until the dollar weakens the decisions of the tariff negotiation. At the same time, market participants are looking forward to the report of American Nepharma payrolls for more traces in Fed Politics.
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In the beginning, Aussie fell after data on Wednesday, she discovered that in K1 in K1 it showed that in K1 in K1. GDP increased by 0.2%, significant fall from previous expansion 0.6%. The data added pressure to the Spare Bank of Australia to reduce borrowing costs.
The RBA already conducted two reductions from February. In addition, policy makers remained open door for more cuts in the coming months. Market participants now prices of price 80% chance to reduce the price on the July meeting.
Meanwhile, the dollar is subdued as markets anxiously expected development of trade events talk to the United States. Trump asked countries to submit bids for negotiations to Wednesday. At the same time, there is caution in the markets in front of the crucial report on the Nefarm of Payrolls. The data will display the work of the labor market after Trump tariffs. The weakness would have pressed that it is fed to lower borrowing costs.
AUD / USD Key events Today
- American ADP non-farm changes
- US ISM Services PMI
Audi Audi Aud / USD Analysis: Bulls Train it 0.6500 Range resistance
On the technical page, the AUD / USD price is caught consolidating between the support of 0.6400 and the resistance levels of 0.6500. In this range, the price is cut through the SMA without a clear direction. At the same time, the RSI chopped through a 50 level, indicating almost equal to the momentum between bulls and bears.
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In the range, the price trades above 30th, showing that the bulls are in lead. At the same time, RSI is a little over 50 right now, showing stronger swinging swing. Therefore, AUD / USD can soon set the range resistance.
The pause above the resistance of the range would allow the bulls to target the key level of 0.6550. On the other hand, if the level holds the company, the price is likely to remain in consolidation.
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