{"id":206856,"date":"2023-12-05T23:36:20","date_gmt":"2023-12-05T18:06:20","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=206856"},"modified":"2023-12-05T23:36:20","modified_gmt":"2023-12-05T18:06:20","slug":"aud-usd-extends-its-losses-after-rbas-decision-and-solid-us-ism-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/aud-usd-extends-its-losses-after-rbas-decision-and-solid-us-ism-data-crypto-news\/","title":{"rendered":"AUD\/USD extends its losses after RBA\u2019s decision and solid US ISM data &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>AUD\/USD falls below the 200-DMA, as bears eye 0.6500.<\/strong><\/li>\n<li><strong>S&amp;P Global and ISM, revealed the US economy remains resilient, as business activity in the sector segment, gathers traction.<\/strong><\/li>\n<li><strong>RBA\u00b4s decision to hold rates, tumbled the AUD\/USD below the 0.6600 figure, on a perceived dovish hold.<\/strong><\/li>\n<\/ul>\n<p>The AUD\/USD prolonged its agony during the North American session after the Reserve Bank of Australia (RBA) kept interest rates unchanged, setting the Aussie Dollar (AUD) faith, spurring losses of more than 0.70%. The pair is trading at 0.6565 after diving from daily highs of 0.6621.<\/p>\n<h2 class=\"fxs_headline_medium\">AUD\/USD on the defensive after RBA\u2019s decision, while US data boosts the Greenback<\/h2>\n<p>The Greenback (USD) remains on the offensive, while data from the United States (US) triggered volatility in the buck, as shown by the US <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">Dollar Index<\/a> (DXY), which seesawed in the last hour from around 103.57 to 103.91 to settle at about 103.83.<\/p>\n<p>An early report by S&amp;P Global revealed that Services and Composite PMIs rose as expected, with the latter standing at 50.7, unchanged compared to October\u2019s data. Recently, the Institute for Supply Management (ISM) revealed that activity in Non-Manufacturing businesses rose from 51.8 a month ago to 52.7, exceeding projections of 52.<\/p>\n<p>At the same time, the US Department of Labor revealed that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/us-jolts-preview-job-openings-expected-to-decline-to-still-high-935-million-in-october-202312050800\">Job Openings<\/a> fell to 8.733 million in October, below the estimated 9.3 million and close to 600,000 less than September\u2019s figures.<\/p>\n<p>Given that the recently released data suggests the US economy remains resilient, traders shift towards the release of employment data, with the ADP Employment Change on Wednesday and Initial Jobless Claims on Thursday.<\/p>\n<p>Following the data, traders had priced in 137 basis points of rate cuts by the Federal Reserve (Fed) for the following year.<\/p>\n<p>Aside from this, the RBA decided to keep rates at 4.35%, in a decision perceived as a dovish hold, per the market\u2019s reaction, despite the RBA\u2019s language that \u201cwhether further tightening of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">monetary policy<\/a> is required\u2026\u201d they will act. The central bank said they don\u2019t have enough data, which means the next meeting in February 2024 would be a \u201clive one.\u201d<\/p>\n<h2 class=\"fxs_headline_medium\">AUD\/USD Price Analysis: Technical outlook<\/h2>\n<p>AUD\/USD daily chart shows bulls encountered solid resistance at a downslope supply trendline, which capped the last leg-up from October 26 lows, which witnessed the pair hitting a high of 0.6690. Since then, the pair lost a step as sellers dragged prices below the 0.6600 figure, eyeing a daily close below the 200-day moving average (DMA) at 0.6578. In that outcome, further downside is expected, with the following demand area at 0.6523, the November 6 high, and a previous resistance area that turned support.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: AUD\/USD falls below the 200-DMA, as bears eye 0.6500. S&amp;P Global and ISM, revealed the US economy remains resilient, as business activity in the sector segment, gathers traction. RBA\u00b4s decision to hold rates, tumbled the AUD\/USD below the 0.6600 figure, on a perceived dovish hold. The AUD\/USD prolonged its agony during the North American [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[377,201,248,251,246,257,276,2321,255,250,252,247,253,249,308,256,254],"class_list":["post-206856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-audusd","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-fundamental-analysis","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/206856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=206856"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/206856\/revisions"}],"predecessor-version":[{"id":206858,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/206856\/revisions\/206858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5840"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=206856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=206856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=206856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}