Analysis of the movement of FPG Australian dollar on 9.3

AUDUSD H1

Last Friday also saw the release of Australia's retail sales monthly rate, which recorded 0%, lower than the expected 0.3% and lower than the previous value of 0.5%. This data is an important indicator of consumer indices and consumer spending is a major component of overall economic activity, with the Australian service industry accounting for over 70% of this. The overall data shows that Australian consumers are being more frugal, with the retail sales industry experiencing a certain impact, leading to a cooling of the bullish sentiment for the Australian dollar. On the other hand, the overall trend of the Australian dollar is still following the inverse movement of the US dollar. When the US dollar hits a bottom, the Australian dollar rises. With the US dollar beginning to rebound, the Australian dollar has also entered a trend of retracement and oscillation. Market focus is also on the upcoming release of Australia's GDP for the second quarter, with the current market expectation at 0.9%. If the final data exceeds expectations, it indicates healthier economic activity, which is bullish for the Australian dollar, and vice versa.

Technically, the Australian dollar is being supported at the previously mentioned level of 0.675 and is currently adjusting within the range of 0.682-0.675. The analysis remains unchanged from yesterday.

The upper resistance levels are 0.680, 0.681, and 0.682.

The first level of support below is 0.675, the second level of support is 0.673, and the third level of support is 0.671.

# This recommendation is general in nature and does not take into account your specific financial situation and needs. Investment involves risks, so please evaluate carefully. #