Australian Dollar eyes China’s monthly 1- and 5-year Loan Prime Rate fixing. Traders await news over US/China oil inventory releases and Biden’s Fed pick. AUD/USD downside may continue as bearish SMA crossover nears.
Australian Dollar facing mixed signals vs. USD, CAD and EUR. AUD/USD may reverse higher on support, AUD/CAD ranging. EUR/AUD downtrend remains despite recent consolidation.
AUSTRALIAN DOLLAR, AUD/USD, AUSTRALIAN JOBS REPORT, INFLATION, CHINA – TALKING POINTS