Core Viewpoint - The Australian dollar (AUD) is experiencing an upward trend against the US dollar (USD), supported by strong domestic demand and encouraging retail sales data, despite short-term pressure from a strong USD index [1] Economic Indicators - July retail sales data in Australia exceeded expectations, providing solid support for the AUD [1] - Ongoing decline in inflation pressures offers the Reserve Bank of Australia greater flexibility in monetary policy [1] - A robust employment market further strengthens the economic fundamentals of Australia [1] Market Outlook - Analysts believe that structural advantages in the Australian economy will dominate exchange rate trends once market volatility subsides [1] - Most institutions anticipate that the AUD/USD exchange rate will gain upward momentum in the coming months as the Federal Reserve's rate hike cycle nears its end [1] Upcoming Data - Market participants are closely monitoring the upcoming Australian business confidence index and employment data, which will further validate the sustainability of the economic recovery and provide new guidance for AUD movements [1] Technical Analysis - The AUD/USD exchange rate has shown a noticeable adjustment after reaching a peak of 0.6624, with short-term pullback momentum increasing [1] - The current RSI indicator is at 49.5615, indicating a neutral zone without overbought or oversold signals; however, a drop below 45 could signal further downside risks [1]
零售强劲+通胀回落 澳元获基本面强力支撑
Jin Tou Wang·2025-08-04 04:18