Market expectations are firmly in place for this move — a Reuters poll showed unanimous agreement for a cut, with most economists also expecting one more reduction before year-end. Softer inflation and labor market data are helping pave the way. CPI has eased toward the lower bound of the RBA’s 2–3% target, with Q2 headline inflation falling to 2.1% y/y, its lowest since March 2021 and below the 2.2% forecast. June jobs growth added just 2,000 jobs versus expectations of around 20,000, marking the weakest gain since October 2024, while unemployment ticked up to 4.3% from 4.1%.
On the downside, a break below the 0.6489 midpoint would expose a swing area near 0.64519, the 100-day MA at 0.64375, and the 200-day MA at 0.6389. Given weaker domestic data and the anticipated rate cut, the fundamental backdrop leans bearish for AUDUSD — but with U.S. rate expectations also shifting lower, the impact may be muted. In this type of sideways, range-bound environment, using the moving averages as bias-defining barometers may be the cleaner play for traders.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about audusd technicals audusd consolidates around ma levels was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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