Core Viewpoint - The Australian dollar (AUD) is experiencing upward momentum against the US dollar (USD) due to optimistic sentiments surrounding US-China trade negotiations, with the AUD/USD exchange rate rising to approximately 0.6420 [1] Group 1: Trade Negotiations - Substantial progress has been made in the high-level US-China economic talks, leading to important consensus and the establishment of a US-China economic consultation mechanism [1] - A joint statement regarding the outcomes of the talks is expected to be released on May 12 [1] Group 2: Economic Data and Market Sentiment - Traders are closely monitoring upcoming key economic data from Australia, including the Westpac Consumer Confidence Index and the National Australia Bank Business Conditions Index, which may provide new insights for the AUD [1] - Investors are also focused on forthcoming US data, such as consumer inflation figures and retail sales, to assess the initial impact of the trade dispute on the broader economy [1] Group 3: Technical Analysis - The AUD/USD exchange rate is trading around 0.6420, with technical analysis indicating a neutral bias as it remains below the ascending channel [1] - The 14-day Relative Strength Index (RSI) is above 50, suggesting that bullish momentum is still in play [1] Group 4: Future Projections - The AUD/USD may return to the ascending channel and retest the six-month high of 0.6515 reached on December 2, 2024, with a potential breakthrough supporting a rise towards the seven-month high of 0.6687 [2] - Initial support levels for the AUD/USD are at the nine-day exponential moving average of 0.6420 and the 50-day exponential moving average of 0.6345, with a drop below these levels potentially weakening the bullish outlook [2]
澳元延续上涨势头 关键经济数据将发布
Jin Tou Wang·2025-05-12 04:01