AUDUSD failed to make a convincing break above the descending trendline yet again. The pair currently holding the 0.7100 handle after a somewhat excessive move to the downside. Key support situated at the 0.7067, which marks the 23.6% Fibo level. Momentum indicators remain bearish; however, this has eased in recent sessions, which in turn could see slight stabilisation in the near-term. On the topside, resistance is at 0.7180-0.7200. ...
Wage prices in Australia were up a seasonally adjusted 0.5 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Wednesday. more...
The total number of home loans issued in Australia was down a seasonally adjusted 6.1 percent on month in December, the Australian Bureau of Statistics said on Tuesday. more...
The construction sector in Australia continued to contract in January, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Construction Index score of 43.1. more...
The manufacturing sector in Australia moved to expansion in January, the latest survey from the Australian Industry Group showed on Friday with a Performance of Manufacturing Index score of 52.5. more...
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