AUDUSD may face a more bearish fate over the coming days if the Reserve Bank of Australian (RBA) prepares Australian household and businesses for lower interest rates.
AUDUSD struggles to hold its ground amid the threat of a US-China trade war, but there seems to be a rift within the RBA amid the recent batch of mixed comments.
Spot AUDUSD remains at risk with looming China trade balance data due for release during Thursday's trading session.
Updates to Australias Consumer Price Index (CPI) may do little to curb the recent decline in AUDUSD as the core rate of inflation is expected to narrow to 1.5% from 1.6%.
AUDUSD carves a series of lower highs and lows ahead of the Federal Reserve meeting, with the broader outlook mired by the failed attempt to test the 200-Day SMA.
AUDUSD stands at risk for a further decline ahead of Australias CPI report as the rebound from the June-low (0.6832) stalls ahead of the 200-Day SMA (0.7087).
Gold prices touched a six-year high amid speculation on a broad-based dovish shift in global monetary policy. The Bank of England may give the move a further nudge.
Updates to Chinas Consumer Price Index (CPI) may fuel a larger rebound in AUDUSD as the headline reading is expected to pick up for the third consecutive month.
The RBA meeting may shake up the near-term outlook for AUDUSD as the central bank is expected to cut the official cash rate (OCR) to a fresh record-low of 1.25%.
The Australian Dollar may continue to fall after a bruising Asia Pacific trading session as a downbeat OECD economic forecast update spooks risk appetite.
Updates to Chinas Consumer Price Index (CPI) may influence the AUD/USD exchange rate as the reading for inflation is expected to increase to 2.5% from 2.3% in March.
Updates to Australias Consumer Price Index (CPI) may fuel the recent decline in AUD/USD as the is expected to narrow to 1.5% from 1.8% in the fourth-quarter of 2018.
Crude oil prices may fall as a diverse array of economic releases stokes worries about a broad-based slowdown in global economic growth.
The March Australia jobs report is due on Thursday, April 18 at 01:30 GMT.
AUD/USD may face a more bearish fate over the coming days if the Relative Strength Index (RSI) fails to preserve the upward trend from earlier
The AUD/USD flash-crash rebound appears to be on track to test the December-high (0.7394) as the Relative Strength Index (RSI) breaks out of the bearish