News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Natural gas continues to look higher, as hot weather and drought conditions across the United States and Europe, help fuel the already strong demand narrative for the commodity. Get your market update from @FxWestwater here:
  • 9 out of 11 S&P 500 sectors ended higher, with 70.9% of the index’s constituents closing in the green. Energy (+1.28%), financials (+1.24%) and utilities (+1.13%) were among the best performers, whereas healthcare (-0.38%) and materials (-0.14%) trailed behind.
  • RT @FxWestwater: Asia AM Brief: Australian Dollar Forecast: $AUDUSD May Move on #RBA, Covid, China, US NFPs Link:…
  • RBA's Lowe: Now plausible scenarios for rate-hike in 3-year horizon, vaccine program gives a pathway out this year. Pickup in inflation, wages likely to be gradual -BBG
  • RBA's Lowe: Prepared to act in response to further bad news on health, bounce-back likely to start well before end of year -BBG
  • RBA's Lowe: Fiscal policy better tool for temporary hit to income, GDP 3Q decline depends on length of Delta lockdowns -BBG
  • RBA's Lowe: Some increase in unemployment expected over months ahead, significant parts of economy still on positive trajectory -BBG
  • RBA Governor Philip Lowe: Outbreaks mean GDP likely to decline in September quarter, doesn't expect to raise cash rate before 2024 -BBG #AUD #RBA
  • 🇯🇵 Household Spending YoY (JUN) Actual: -5.1% Expected: 0.1% Previous: 11.6%
  • The Japanese Yen could rise against the US Dollar and Australian Dollar as retail investors increase upside exposure in USD/JPY and AUD/JPY. What are key technical levels to watch? Get your market update from @ddubrovskyFX here:
AUD/USD Above Falling Resistance as Inflation Expectations Rise

AUD/USD Above Falling Resistance as Inflation Expectations Rise

Daniel Dubrovsky, Strategist

Talking Points:

  • The Australian Dollar didn’t notice rising consumer inflation expectations
  • Perhaps because the RBA looks like it’s not going anywhere with rates soon
  • Domestic data next week could add fuel to AUD/USD’s upside momentum

Build confidence in your own AUD/USD strategy with the help of our free guide!

The Australian Dollar didn’t show much enthusiasm for the Melbourne Institute of Applied Economic and Social Research inflation survey. There, price expectations for the next 12 months are anchored at 3.7%, higher than the 3.6% reported outcome back in February.

However, even if participants foresee higher prices in the near-term, the Reserve Bank of Australia has a clear message for everyone. Earlier this month, the central bank reiterated that holding the stance of monetary policy unchanged is the way to go. With that in mind, the RBA probably won’t act on today’s survey.

In the meantime, the Australian Dollar will probably remain vulnerable to risk trends. On Wednesday, the Aussie Dollar suffered towards the end of the session as Germany’s Chancellor Angela Merkel unnerved investors. She noted that a response to the US tariffs might be in the cards if the EU can’t get any exemptions.

On the domestic side of things, next week’s we will get Australia’s February employment report. Keep an eye on what ends up happening to changes in the full-time sector specifically. This is because in the past, losses on this front influenced the Australian unit negatively despite net gains in workers and vice versa.

AUD/USD Above Falling Resistance as Inflation Expectations Rise

AUD/USD Technical Analysis: Hammering On

On a daily chart, AUD/USD has been pushing higher since forming a hammer on March 1st. A hammer is a bullish reversal pattern that can form at the end of a downtrend. Since then, the pair has also pushed above a descending trend line that goes back to the beginning of February. However, there are some obstacles ahead.

The half-way point of the Fibonacci retracement (drawn below) stands in the way as immediate resistance at 0.7924. A push above that exposes the 61.8% ratio at 0.7974. On the other hand, if prices turn lower they will have to push below the 38.2% retracement at 0.7874. A break below that leaves the 23.6% area at 0.7812 as the next target.

AUD/USD Above Falling Resistance as Inflation Expectations Rise

Australian Dollar Trading Resources:

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.