AUD/USD Forecast

The US China trade negotiations are still ongoing and continue to influence price action. The US Non-Farm Payroll gave an upside surprise.

Economic releases disappoint, setting a risk averse sentiment. Short term price action is likely to mainly sentiment driven for now.

The increased tensions between US and China likely resulted in risk aversion. Central Banks of both Australia and the Euro Zone face challenges.

Negative sentiment weighs on the Australian dollar as employment deteriorates. The euro gets a boast as multiple positive economic data lifted sentiments.

Mixed economic signals, political situations and forecasts cut led right up to the market close. Uncertainty awaits in the week ahead.

Risk appetite returns as a number of uncertainties receded. Price action is likely to be still mostly sentiment driven. Next week's economic events await.