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AUDUSD managed to climb above the 0.7300 mark and is approaching the 0.7340 resistance zone

It will takes about:

September 28, 2021

Latest updates:

– US indices finished yesterday’s trading mixed – S&P 500 and Nasdaq dropped while Russell 2000 and Dow Jones gained
– Mixed moods could have been spotted during today’s Asian session as well. Nikkei, S&P/ASX 200 and Kospi dropped while indices from China advanced
– DAX futures point to a flat opening of the European session
– US Senate voted to block suspension of the debt limit, paving the way for a government shutdown
– Shenzhen government plans to investigate Evergrande. In other news, it was reported that China wants to send inspectors to 25 largest financial institutions in China
– According to a pre-released text of today’s testimony, Powell will tell Senate Banking Committee that while inflation accelerated more than expected, it will abate soon
– Two Fed members – Rosengren and Kaplan – resigned amid controversy around their personal trading activities
– Brent flirted with $80 per barrel area – the highest level since October 2018
– North Korea launched a missile into the East Sea.
– Australian retail sales dropped 1.7% MoM in August (exp. -2.5% MoM)
– Chinese industrial profits increased 10.1% YoY in August
– AUD and CAD are the best performing major currencies while JPY and CHF lag the most

The Australian dollar lost some ground at the beginning of Asian trading but has managed to recover later on, thanks to overall improvement in moods and better-than-expected retail sales report. AUDUSD managed to climb above the 0.7300 mark and is approaching the 0.7340 resistance zone.

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