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25.04.201808:26 Forex Analysis & Reviews: The "Aussie" as an indicator of the strengthening of the dollar

Long-term review

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AUD / USD

The Australian dollar did not, like European currencies, lose time for correction and continued its decline. This was confirmed by its indicative role of further strengthening the US dollar. Investors did not close positions even before today's weekend which is a national holiday. Economic indicators in Australia that came out yesterday were neutral. The consumer price index in the 1st quarter increased by 0.4% against the expectations of 0.5% but in annual terms, the CPI remained at the previous level of 1.9% y / y. The weighted average CPI also remained at 2.0% y / y. Iron ore has risen in price by 0.40%. Oil has moved away from the highs of yesterday at 2.38%. Precious metals are also declining.

Tomorrow, the US orders for durable goods will be released and the March forecast is 1.6%. We are waiting for the decline of the "Aussie" in the range of 0.7530 / 45 and further to 0.7440.

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