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AUDUSD Settles Above 65c, RBA Events Highlights Of Week

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Aussie was one of the outperformers in the G10 on Friday and closed above 65c versus the USD, as equity markets were generally higher. AUDUSD is up 0.7% to 0.6512, close to the intraday high of 0.6520, to be up 2.4% on the week as a softer US CPI print drove the greenback down. The USD index fell 0.5% on Friday.

  • AUDUSD is in a bull cycle and resistance and bull trigger is at 0.6523, which was pierced on Wednesday. A clear break above would strengthen a bullish case. Initial support is at 0.6417 and the bear trigger is 0.6270.
  • Aussie rose 0.5% against the kiwi to 1.0886. AUDJPY was steady around 97.47. AUDEUR is also little changed at 0.5967 but AUDGBP is +0.3% to 0.5226.
  • Equity markets rallied with the S&P up 0.1% and the Euro stoxx +1.3%. Oil prices rose around 4% with WTI at $75.84/bbl. LME metal prices rose 0.1% on Friday to be up 1.5% on the week. Iron ore is around $129/t.
  • There is no data today but the focus of the week will be the RBA minutes tomorrow and Governor Bullock’s appearances.
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Aussie was one of the outperformers in the G10 on Friday and closed above 65c versus the USD, as equity markets were generally higher. AUDUSD is up 0.7% to 0.6512, close to the intraday high of 0.6520, to be up 2.4% on the week as a softer US CPI print drove the greenback down. The USD index fell 0.5% on Friday.

  • AUDUSD is in a bull cycle and resistance and bull trigger is at 0.6523, which was pierced on Wednesday. A clear break above would strengthen a bullish case. Initial support is at 0.6417 and the bear trigger is 0.6270.
  • Aussie rose 0.5% against the kiwi to 1.0886. AUDJPY was steady around 97.47. AUDEUR is also little changed at 0.5967 but AUDGBP is +0.3% to 0.5226.
  • Equity markets rallied with the S&P up 0.1% and the Euro stoxx +1.3%. Oil prices rose around 4% with WTI at $75.84/bbl. LME metal prices rose 0.1% on Friday to be up 1.5% on the week. Iron ore is around $129/t.
  • There is no data today but the focus of the week will be the RBA minutes tomorrow and Governor Bullock’s appearances.