AUD News

Private sector credit in Australia was up 0.6 percent on month in June, the Reserve Bank of Australia said on Monday - beating forecasts for 0.4 percent, which would have been unchanged.

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Consumer prices in Australia are forecast to have risen 0.1 percent on month in July, the latest survey from TD Securities and the Melbourne Institute revealed on Monday.

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Australia's consumer confidence improved for the second straight time during the week ended July 30, reaching its highest level since late February, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.

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Australia posted a seasonally adjusted merchandise trade surplus of A$856 million in June, the Australian Bureau of Statistics said on Thursday - down 58 percent on month.

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AUDUSD extended its downside movement from 0.8065 to as low as 0.7838 after failing in the attempt to break above the bearish trend line resistance on its 4-hour chart. As long as the price is below the trend line, the downtrend could be expected to continue and next target would be at 0.7800 area. There is a key resistance located at 0.7910, only a break of this level will indicate that the downtrend is complete, then the following bullish movement could bring price back to test 0.8065 previous high resistance.

The total number of new motor vehicle sales in Australia was down a seasonally adjusted 2.0 percent on month in July, the Australian Bureau of Statistics said on Tuesday - coming in at 99,911.

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Wage growth in Australia gained a seasonally adjusted 0.5 percent on quarter in the second three months of 2017, the Australian Bureau of Statistics said on Wednesday.

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AUDUSD extended its downside movement from 0.8065 to as low as 0.7807, facing the bullish trend line on its daily chart. A clear break below the trend line support could take price to next support level at around 0.7700. Near term resistance is at the top trend line of the price channel on the 4-hour chart, as long as the channel resistance holds, the downtrend will continue. Key resistance is at 0.7918, only break above this level could signal completion of the downtrend.

Australia's consumer confidence weakened for the third straight time during the week ended August 20, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.

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The total number of building approvals in Australia issued in July fell a seasonally adjusted 1.7 percent on month in July, the Australian Bureau of Statistics said on Wednesday - standing at 18,299.

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