Aud news today

Here are the latest news updates from AUD (Australian Dollar) markets:

AUD/USD:

• The AUD/USD pair is trading at 0.7135, down 0.15% from the previous close.
• The pair has been trading in a narrow range of 0.7120-0.7160 for the past few days.
• The Reserve Bank of Australia (RBA) is expected to keep interest rates unchanged at its next meeting on February 4.

Economic Data:

• Australia's retail sales rose 0.4% in December, beating expectations of a 0.2% increase.
• The country's trade balance surplus narrowed to AUD 4.6 billion in December, from AUD 5.3 billion in November.
• The Australian Bureau of Statistics (ABS) will release its quarterly GDP data on February 5.

Market Sentiment:

• The AUD is being weighed down by concerns over the global economic outlook and the impact of the coronavirus outbreak on trade.
• The US-China trade deal has provided some support to the AUD, but the market is still cautious ahead of the RBA's interest rate decision.
• The AUD is also being influenced by the strength of the US dollar, which has been boosted by the Federal Reserve's dovish stance on interest rates.

Technical Analysis:

• The AUD/USD pair is trading below its 20-day moving average (MA) and is likely to face resistance at the 0.7200 level.
• The pair has been trading in a descending channel since mid-January and is likely to continue to decline if it breaks below the 0.7100 level.
• The RSI is currently at 44, indicating that the pair is oversold and may be due for a bounce.

News and Events:

• The RBA will release its monetary policy statement on February 4, which is expected to provide guidance on interest rates and the economy.
• The Australian government will release its budget update on February 18, which is expected to provide details on the country's fiscal policy.
• The AUD is also being influenced by the upcoming US jobs report, which is expected to provide insight into the strength of the US economy.