Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- The surge in the number of U.S. corporate bankruptcies and the expansion of debt
- Gold may fall below the $4,000 mark
- The "shutdown" of the U.S. federal government continues. Analysis of the short-t
- The gold European market breaks through the bottom triangle consolidation range,
- The Federal Reserve's interest rate decision makes a grand debut. Can it help go
market news
AUD/USD FX signal, callback risk cannot be ruled out
Wonderful introduction:
If the sea loses the rolling of huge waves, it will lose its majesty; if the desert loses the wild dance of flying sand, it will lose its magnificence; if life loses its true course, it will lose its meaning.
Hello everyone, today XM Forex will bring you "[XM Forex Platform]: AUD/USD foreign exchange signal, callback risk cannot be ruled out". Hope this helps you! The original content is as follows:
During the European trading session on Monday (December 1), the intraday time-sharing chart of the Australian dollar/US dollar showed that it fluctuated in the range of 0.6543-0.6556, with the current price of 0.6553 approaching the upper edge of the range. After the Asian market surged in early trading and afternoon, the volume fell back, and the short-term bullish momentum weakened before the pressure level.
After the Australian Bureau of Statistics (ABS) released strong inflation data last week, the Australian dollar/US dollar exchange rate continued its upward trend, reaching a maximum of 0.6556, a new high since November 13, and a significant rebound from the low of 0.6420 last month.
Australia’s third-quarter GDP data has become the focus of attention
In Australia, the third-quarter GDP data released on Wednesday is a closely watched event. The data will show the contribution of net exports to GDP. If any surprises occur, it may prompt the four major banks to adjust their GDP forecasts in advance - which often leads to greater market fluctuations.
The annual GDP growth rate in the second quarter rose to the highest level in seven quarters, reaching 1.8%; this growth rate is expected to further increase to 0.7% in the third quarter, becoming the highest level since the fourth quarter of 2022. With inflation continuing to rise, labor market data strong and household spending holding steady, markets are more likely to see an upside surprise than a miss. The outcome is likely to boost expectations for a rate hike in the second half of 2026 and support the Australian dollar - especially in a month that typically sees seasonal gains.
The massive data in the United States and the Federal Reserve’s loose remarks support the Australian dollar
A large amount of data has been released in the United States this week, including the ISM Manufacturing Purchasing Managers Index,S&P Global Purchasing Managers Index, PCE inflation data, and employment data from ADP and JOLTS. Traders are extremely sensitive to any statistics that might indicate weakness in the U.S. economy, which could serve as a basis for cutting interest rates. And with President Trump again targeting Jerome Powell, it's no surprise that several FOMC members suddenly turned dovish ahead of the pause in data releases - as if they were vying to be the one to replace Powell next year.
As Australia’s relevant data remains solid, and with the global Fed taking a dovish stance, dollar shorts are more likely to prefer negative news to good news, the Australian dollar’s exchange rate against the U.S. dollar still has room to continue to rise this week.
The probability of policy divergence between the Reserve Bank of Australia and the Federal Reserve has increased
Australia’s latest inflation data exceeded expectations, pushing the AUD/USD exchange rate higher. Australian Bureau of Statistics data showed that core inflation rose to 3.3% in October, higher than market expectations of 3.0%. This data exceeded the Reserve Bank of Australia's (RBA) inflation target of 2.0%, indicating that the central bank may maintain a more hawkish policy stance. Meanwhile, a separate survey of analysts showed house prices will rise about 7% despite some softening in the labor market. Therefore, some analysts predict that the Reserve Bank of Australia will not only keep interest rates unchanged at the last meeting of the year, but may also raise interest rates by 25 basis points to curb further rise in inflation.
Whether it is raising interest rates or keeping interest rates unchanged, it means that the Reserve Bank of Australia will form a policy divergence with the Federal Reserve - the market is generally expected that the Federal Reserve will cut interest rates by 25 basis points at the December meeting. Previously, senior Fed officials such as Christopher Waller and John Williams expressed support for an interest rate cut given the fragility of the labor market, which increased the probability of the Fed cutting interest rates. Australia will release a number of important economic data this week to provide reference for the central bank's interest rate decisions. The Australian Industry Group (AIG) and S&P Global (S&P Global) will release the manufacturing purchasing managers' index (PMI) on Wednesday; on the same day, the Australian Bureau of Statistics will release third-quarter gross domestic product (GDP) data, further revealing whether the country's economy continues to grow; the latest trade data will also be released later this week.
Technical Analysis
The daily chart shows that the AUD/USD exchange rate reached a maximum of 0.6556, which is much higher than last month’s low of 0.6420, which is exactly at the neckline of the head and shoulders pattern. Currently, the pair has broken above the 50-day and 100-day exponential moving averages (EMA), and the relative strength index (RSI) is also trending upward.
From a fundamental perspective, the AUD/USD exchange rate is expected to continue to rise due to the policy divergence between the Federal Reserve and the Reserve Bank of Australia. However, the head and shoulders pattern suggests a bearish breakout is possible in the xmaccount.coming days - a break below the neckline of the head and shoulders pattern would lead to a bearish breakout.The trend will be confirmed.
The above content is all about "[XM Foreign Exchange Platform]: AUD/USD foreign exchange signal, callback risk cannot be ruled out". It is carefully xmaccount.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
Live in the present and don’t waste your present life by missing the past or looking forward to the future.
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here