monetary policy<\/a> decisions from major central banks ahead of the next year. At the time of writing, the pair is trading at 0.6559, down 0.19%.<\/p>\nAUD\/USD pair at the mercy of weak Chinese data, risk-off impulse<\/h2>\n
The lack of economic data in the Aussie and United States docket left traders adrift to last week\u2019s US jobs market dynamics and China\u2019s inflation report. The US labor market has shown signs of easing, ahead of the latest Nonfarm payrolls report, revealed on Friday, which crushed estimates, bolstered by a hiring in healthcare, and automobile factories, after the UAW ended its strike.<\/p>\n
The Aussie Dollar (AUD) is also greatly influenced by China\u2019s economy. Consumer Prices in the latter dropped the most in three years in November, while deflation in the Producer Price Index (PPI) accelerated. Sources cited by Reuters said \u201cthe weak core CPI reading was a warning about persistently sluggish demand,\u201d which remains the top priority for China, as they are struggling to grow at the pace required to achieve its 5% goal.<\/p>\n
In the meantime, AUD\/USD traders are eyeing the release of US inflation figures, with the Consumer Price Index (CPI) expected to rise 0.2% MoM, above the last month\u2019s figure, while on an annual basis is estimated to drop to 3.1% from 3.2% in October. Core inflation is projected to climb in monthly figures, while on yearly data, is expected to stay pat at 4%.<\/p>\n
On Australia, the docket will feature the Westpac Consumer Confidence, alongside a speech of the Reserve Bank of Australia (RBA) Governor Michele Bullock.<\/p>\n
AUD\/USD Price Analysis: Technical outlook<\/h2>\n
The AUD\/USD daily chart portrays the pair is trading sideways, though tilted to the downside as it trades below the 200-day moving average (DMA). Despite that, sellers must reclaim the November 6 swing high at 0.6522, so that could cement the bearish bias, as traders will target a drop to the 100-DMA at 0.6463, ahead of the 50-DMA at 0.6448. On the other hand, upside risks remain if AUD\/USD stays above the 200-DMA at 0.6574.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Share: AUD\/USD traders are awaiting a busy economic calendar In the week, with the focus on the latest Federal Reserve meeting. US jobs data last week portrayed the economy as resilient, but investors are eyeing the release of November\u2019s US CPI. China\u2019s deflationary scenario, a headwind for the Aussie Dollar (AUD), as Australia remains one […]<\/p>\n","protected":false},"author":2,"featured_media":9467,"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-210638","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\/210638","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=210638"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/210638\/revisions"}],"predecessor-version":[{"id":210639,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/210638\/revisions\/210639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9467"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=210638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=210638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=210638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}