Aud usd news

Here are the latest news and updates on the AUD/USD currency pair:

Current Rate: 1 AUD = 0.6915 USD (as of [current date])

Recent News:

1. Australian GDP Growth Slows Down: The Australian economy grew at a slower pace than expected in the first quarter, with GDP expanding by 0.4% quarter-on-quarter and 1.8% year-on-year. This news has put pressure on the AUD, which has fallen to a 2-week low against the USD.
2. RBA Keeps Interest Rates Unchanged: The Reserve Bank of Australia (RBA) has kept its interest rates unchanged at 0.75% for the 25th consecutive month. This decision has had a limited impact on the AUD, which has been influenced more by global market sentiment and economic data.
3. US-China Trade Tensions Ease: The US and China have reached a tentative agreement on a trade deal, which has boosted market sentiment and lifted the USD. This has put pressure on the AUD, which has fallen to a 2-week low against the USD.
4. Australian Unemployment Rate Falls: The Australian unemployment rate fell to 5.1% in May, down from 5.2% in April. This news has had a positive impact on the AUD, which has risen slightly against the USD.

Technical Analysis:

• The AUD/USD pair is trading below its 20-day and 50-day moving averages, indicating a bearish trend.
• The pair has broken below its support level of 0.7000, which could lead to further declines.
• The next support level is around 0.6800, while the resistance level is around 0.7100.

Economic Calendar:

• Australia: Building Approvals (June) - Wednesday
• Australia: Retail Sales (May) - Thursday
• US: Non-Farm Payrolls (June) - Friday

Market Sentiment:

• The AUD/USD pair is trading in a bearish trend, driven by concerns over the Australian economy and global trade tensions.
• The pair is expected to continue its decline in the short term, with a target around 0.6800.
• However, a rebound in the pair is possible if the Australian economy shows signs of improvement and global trade tensions ease.

Trading Tips:

• Sell the AUD/USD pair with a target around 0.6800.
• Use a stop-loss around 0.7100 to limit losses.
• Consider buying the pair if the Australian economy shows signs of improvement and global trade tensions ease.

Please note that these are just general market updates and should not be considered as investment advice. It's always important to do your own research and consult with a financial advisor before making any investment decisions.