AUD/USD Weekly Forecast: Bears in control as fear returns fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
7/5/2021 7:32:02 PM GMT
AUD/USD Current Price: 0.7533
RBA’s Governor Lowe is set to offer an unusual press conference after the decision.
Australian data came in mixed but was overall encouraging.
AUD/USD is technically neutral-to-bullish ahead of the event.
The AUD/USD pair is hovering around 0.7530, unchanged from its previous daily close. Mixed Australian data released at the beginning of the day was mostly encouraging, as the AIG Performance of Construction Index printed at 55.5 in June, below the previous 58.3, while the Commonwealth Bank Services PMI improved to 56.8 in the same month, beating expectations. May Retail Sales were upwardly revised from 0.1% to 0.4%, while Building Permits fell by 7.1%, worse than anticipated.
AUD/USD Forecast: Possible bullish extension toward 0 7600 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
5/7/2021 3:39:08 PM GMT
Central banks stubbornly decided to maintain ultra-loose monetary policies.
Major economies are finally seeing the light at the end of the pandemic tunnel.
AUD/USD is at a brink of turning firmly bullish, eyeing a possible test of 0.8000.
The AUD/USD pair remained trapped for a third consecutive week, ending this last session near the upper end of the range. The Australian currency continues to lack a life of its own, with the pair instead depending on whether speculative interest sells or buys the greenback. The latest impulse came from disappointing US employment figures, which sent the pair up to the 0.7840 price zone.