Audusd rises amid mixed economic signals from Australia and the US

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.1%	6.3 Pips
Week to-date	0.83%	54 Pips
July	0.09%	5.7 Pips

Upcoming key events (London Time)

Thu 02:30 AM AUD International Trade in Goods (1-mth)
Thu 01:30 PM USD Nonfarm Payroll Employment

What happened lately

In Australia, the Retail Trade Turnover showed a slight improvement, increasing by 0.2% in May compared to the previous figure of -0.1%. This positive shift indicates a modest recovery in consumer spending, suggesting a stabilization in the retail sector. Additionally, Dwelling Approvals rose by 3.2% in May, rebounding from a previously revised decrease of -4.1%. This rebound in dwelling approvals highlights a resurgence in construction activity, which can have ripple effects on related industries. The AiG Industry Index also saw a marginal improvement, moving from -12.3 points in April 2025 to -11.9 points in May 2025. Although still in negative territory, this uptick suggests a slight easing in the industry downturn, possibly indicating that the worst may be over in terms of industrial decline.

In the United States, the Job Openings and Labor Turnover Survey (JOLTS) revealed an increase in job openings, with figures advancing to 7.769 million in May from a revised 7.395 million in April. This increase reflects a continuing demand for labor and suggests that the U.S. job market remains robust. Such data can indicate economic resilience, potentially leading to further wage growth and consumer spending.

The recent economic data from both Australia and the U.S. provides insights into the AUDUSD currency pair movements. The modest improvements in Australia’s retail trade, dwelling approvals, and industry index may offer mild support to the Australian dollar. However, the robust U.S. job openings data reflects a strong labor market, favoring the U.S. dollar. As a result, the AUDUSD pair has shown slight appreciation by 0.1% to 0.65823 but remains in a consolidation phase. The upcoming high-impact events, such as the Australian International Trade in Goods report and the U.S. Nonfarm Payroll Employment figures, will likely provide more definitive direction for the pair. If Australian trade data shows strength, it could offer further support to the AUD, while strong U.S. payroll data may bolster the USD, influencing the pair’s movement. Overall, the balance between these economic indicators will be crucial in determining the next moves for the AUDUSD.

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.1% to 0.65823. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65539 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65887 or trades above daily pivot 0.65713. Break above could target R1 at 0.65997. While to the downside, we are looking at 0.65539 (S1) and daily low of 0.65429 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65887 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.83% over the past few days.

Key levels to watch out:

#AUDUSD Trending on Twitter

[custom-twitter-feeds hashtag=”#AUDUSD” num=3 showheader=false]