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Better than expected updates kept the Aussie on top last week. Will this week’s catalysts extend the comdoll’s bullish vibes?

Check out the list I have for ya!

Labor market numbers (Aug 13, 1:30 am GMT)

  • The economy added a net 210.8K jobs but jobless rate ticked up from 7.1% to 7.4% in June
  • The better-than-expected numbers were overshadowed by concerns over rising coronavirus cases in Australia
  • Analysts see the unemployment rate dropping further to 7.7%
  • We could see another 110,000 net job additions in July
  • Participation rate to edge higher from 64.0% to 64.3%?

China’s top-tier releases (Aug 14, 2:00 am GMT)

  • China is one of Australia’s largest trading partners (if not THE largest) so its economic releases tend to affect AUD’s price action
  • Retail sales could improve from -1.8% to 1.5% in July
  • Industrial production to tick higher from 4.8% to 6.2%?
  • Fixed asset investment seen at -1.2% after 3.1% slip in June
  • Unemployment rate seen steadying at 5.7%

Overall risk appetite

  • Watch out for the number of cases in Australia, which can overshadow economic releases throughout the week
  • Coronavirus updates around the world (number of cases, vaccine, stimulus, lockdown, the trajectory of economic recovery) will continue to influence AUD’s intraweek trends

Technical snapshot

  • RSI considers AUD as “overbought” against NZD on the daily time frame
  • AUD remains in neutral zone against CHF, GBP, and EUR
AUD Forex Pairs RSI from MarketMilk
AUD Forex Pairs RSI from MarketMilk
  • AUD remains bullish against its fellow comdolls
  • Watch out AUD seeing bearish momentum against CHF, GBP, and EUR
  • The Aussie is trading below the 5 SMA against the dollar and yen
AUD Forex Pairs SMAs from MarketMilk
AUD Forex Pairs SMAs from MarketMilk


  • AUD was most volatile against the safe havens and the pound in the last seven days
AUD Forex Pairs Volatility from MarketMilk
AUD Forex Pairs Volatility from MarketMilk

Missed last week’s price action? Read AUD’s price recap for August 3 – 7!