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AUD: AUDUSD Trades Through Bear Trigger, Jobs Data & Bullock Coming Up

AUD
RegionGlobalBulletAPACForeign Exchange BulletsAustraliaMarkets

The USD continued to strengthen with the US CPI printing as expected – a pickup in headline and sticky core. The USD BBDXY index rose 0.4%. Aussie underperformed with kiwi as the greenback rallied. AUDUSD fell below 65c and is down 0.8% to 0.6484, close to the intraday low, with lacklustre equities and commodities.

  • The AUDUSD bear cycle is intact with the pair breaking below the bear trigger of 0.6513 and 0.6490, a Fibonacci retracement point. Initial resistance is at 0.6622, 20-day EMA.
  • GBP outperformed leaving AUDGBP down 0.4% and approaching 0.5100. AUDEUR is 0.2% lower at 0.6137. AUDJPY fell 0.2% to 100.85 after a low of 100.50. AUDNZD is slightly higher at 1.1031.
  • Equities were little changed with the S&P flat, Euro stoxx down 0.1% and FTSE up 0.1%. Brent crude was also unchanged at $71.88/bbl. Copper fell 1.6% though and iron ore remained around $100.50/t.
  • Today October jobs data and November Melbourne Institute inflation expectations print and RBA Governor Bullock participates in a panel at the ASIC Annual Forum at 1000 AEDT.
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The USD continued to strengthen with the US CPI printing as expected – a pickup in headline and sticky core. The USD BBDXY index rose 0.4%. Aussie underperformed with kiwi as the greenback rallied. AUDUSD fell below 65c and is down 0.8% to 0.6484, close to the intraday low, with lacklustre equities and commodities.

  • The AUDUSD bear cycle is intact with the pair breaking below the bear trigger of 0.6513 and 0.6490, a Fibonacci retracement point. Initial resistance is at 0.6622, 20-day EMA.
  • GBP outperformed leaving AUDGBP down 0.4% and approaching 0.5100. AUDEUR is 0.2% lower at 0.6137. AUDJPY fell 0.2% to 100.85 after a low of 100.50. AUDNZD is slightly higher at 1.1031.
  • Equities were little changed with the S&P flat, Euro stoxx down 0.1% and FTSE up 0.1%. Brent crude was also unchanged at $71.88/bbl. Copper fell 1.6% though and iron ore remained around $100.50/t.
  • Today October jobs data and November Melbourne Institute inflation expectations print and RBA Governor Bullock participates in a panel at the ASIC Annual Forum at 1000 AEDT.