AUD/USD: Australian dollar awaits RBA rate decision

Denis Joeli Fatiaki Independent Analyst

Are we going to see a run to 74.632 or a slide to 72.268? These are the two critical price points to take note in regards to the RBA rate decision in this Month announcement. The Aussie dollar currently trades in a falling wedge price pattern in the daily chart and has reached a one year low with prices starting to contract in a tighter price range. The Aussie dollar is now trading at 0.73344 and attempts to hold above 73.211. A run to the upside could see prices race to its first target at around 0.74362 and a fall in prices below 73.211 could see prices fall to 72.268.

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

AUD/USD keeps the red near 0.6950 after weak Aussie jobs data

AUD/USD holds losses near 0.6950 on disappointing Australian jobs data, extending the previous day's retracement slide from the monthly high and hitting a fresh weekly low during Thursday’s Asian session. Meanwhile, declining US bond yields drag the US Dollar away from the April 2025 high, touched after Wednesday's hot US CPI, helping limit losses for the currency pair.

USD/JPY slides back below 158.00 as USD reverses post-CPI gains

USD/JPY extends the previous day's pullback from a three-week high, attracting follow-through selling and sliding below 158.00 during Thursday's Asian session. Traders remain on high alert amid speculation that authorities will step in to prop up the Japanese Yen. The US Dollar, meanwhile, reverses Wednesday's hot CPI-led gains to April 2025 highs as US bond yields retreat on China bond-buying talk, further pressuring the pair.

Gold rebounds firmly as China Treasuries-buying report smashes US yields

Gold stages a solid comeback from weekly lows, retakes $4,150 early Thursday. US Dollar declines sharply alongside Treasury yields on China’s bond-buying report. Technically, the daily RSI remains bearish and a headwind for Gold buyers.

Zcash declines as US inflation surprise offsets fresh ETF inflows

Zcash (ZEC) is trading in the red on Friday, extending its previous day’s roughly 6% losses as the broader cryptocurrency market falls on rising US inflation. The US Consumer Price Index (CPI) print came in higher than expected, at an annual increase of 3.7% versus the expected 3.6%, raising concerns about inflation and rate hikes.

China seems routing US Treasury holdings through Canada

According to a Bloomberg report, China seems to be moving United States securities to non-US custodian banks in other countries, masking its role in financing US deficits.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?