– AUD/USD shows slight losses, impacted by robust US economic data and central bank actions.
– Positive US S&P Global PMIs fail to bolster the USD, especially the Manufacturing index’s leap out of contraction.
– The week ahead lacks would feature US Q4 GDP, PCE index, Durable Goods Orders, and Jobless Claims.
The Australian Dollar (AUD) registers minuscule losses against the US Dollar (USD) as Thursday’s Asian session begins; on Wednesday, the pair ended the session virtually unchanged, closing below the 0.6600 figure on upbeat US economic data.The AUD/USD trades at 0.6576, testing the 200-day moving average (DMA).
AUD/USD virtually unchanged, awaiting US data
In the North American session, US data painted an optimistic
economic outlook after S&P Global PMIs expanded sharply, with the three components standing at expansionary territory.The Composite PMI hit 52.1, up 1.4 pts from December, while Services rose to 52.9 from 51.4.But the spotlight was stolen by Manufacturing PMI, which exited from recessionary territory, hitting 50.3 for the first time in the last four months.
Although it was a positive report, the Greenback (USD) weakened by 0.28% to 103.28, according to the US Dollar Index (DXY).Meanwhile, US Treasury yields recovered towards the end of the session, with the 10-year benchmark note gaining 4.8 basis points, up at 4.18%.
Yesterday, Australia’s economic docket featured the Judo Bank PMIs, which improved more than expected, sponsoring a leg-up in the AUD/USD.Besides that, the People’s Bank of China (PBoC) to cut the reserve requirement ratio (RR) for all banks 50 basis points from February 5, lifted the AUD/USD towards a 0.6621 high before tumbling below the 0.6600 mark.
Ahead on the week, the Aussie’s economic docket is absent.Contrarily, the US economic calendar is busy, featuring 2023 Q4 Gross Domestic Product (GDP) figures, the release of the Personal Consumption Expenditures (PCE)
price index, Durable Goods Orders, and Initial Jobless Claims.
AUD/USD Daily Chart
AUD/USD Key Technical Levels
AUD/USD
|Overview|
|Today last price||0.6575|
|Today Daily Change||-0.0002|
|Today Daily Change %||-0.03|
|Today daily open||0.6577|
|Trends|
|Daily SMA20||0.6689|
|Daily SMA50||0.6655|
|Daily SMA100||0.6522|
|Daily SMA200||0.658|
|Levels|
|Previous Daily High||0.6612|
|Previous Daily Low||0.6552|
|Previous Weekly High||0.6705|
|Previous Weekly Low||0.6525|
|Previous Monthly High||0.6871|
|Previous Monthly Low||0.6526|
|Daily Fibonacci 38.2%||0.6589|
|Daily Fibonacci 61.8%||0.6575|
|Daily Pivot Point S1||0.6548|
|Daily Pivot Point S2||0.652|
|Daily Pivot Point S3||0.6488|
|Daily Pivot Point R1||0.6609|
|Daily Pivot Point R2||0.6641|
|Daily Pivot Point R3||0.667|
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