AUD News

The jobless rate in Australia was a seasonally adjusted 5.7 percent in April, the Australian Bureau of Statistics said on Thursday.

more...

Under pressure by the resistance of the descending trend line on 4-hour chart, AUDUSD pulled back from 0.7466. Another rise to test the trend line resistance is still possible after consolidation. As long as the pair is below the trend line, the rise from 0.7328 could be treated as correction of the downtrend from 0.7610 and another fall towards 0.7250 is still possible. On the upside, a clear break out of the trend line resistance will indicate that the downward movement from 0.7610 had completed at 0.7328 already, then the following bullish move could bring price to 0.7550 zone.

AUDUSD’s rise from 0.7328 extended to as high as 0.7469. The pair is facing the resistance of the descending trend line on 4-hour chart. As long as the trend line resistance holds, the rise could be treated as consolidation of the downtrend from the March 21 high of 0.7749, and another fall could be expected after the consolidation. Near term support is at 0.7388, a breakdown below this level could signal resumption of the downtrend from 0.7749. On the upside, a clear break of the trend line resistance will indicate that the downtrend had completed at 0.7328 already, and the following upward movement could bring price into 0.7550 zone.

The total value of construction work completed in Australia was down a seasonally adjusted 0.7 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Wednesday - standing at A$46.416 billion.

more...

The total number of building approvals increased at a faster-than-expected pace in April, after declining sharply in the previous month, data from the Australian Bureau of Statistics showed Tuesday.

more...

Australia had a current account deficit of A$3.108 billion in the first quarter of 2017, the Australian Bureau of Statistics said on Tuesday.

more...

Australia had a seasonally adjusted merchandise trade surplus of A$555 million in April, the Australian Bureau of Statistics said on Thursday.

more...

The total number of home loans issued in Australia was down a seasonally adjusted 1.9 percent on month in April, the Australian Bureau of Statistics said on Friday - standing at 53,062.

more...

AUDUSD remains in uptrend from 0.7371, the fall from 0.7566 could be treated as consolidation for the uptrend. Range trading between 0.7500 and 0.7566 would likely be seen in a couple of days. Near term support is at 0.7500, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.7650 area. On the downside, a breakdown below 0.7500 support will indicate that the upside movement had completed at 0.7566 already, then the following downward movement could bring price back into 0.7450 zone.

The total number of new vehicle sales in Australia increased for the third straight month in May, data from the Australian Bureau of Statistics showed Monday.

more...