• The Australian dollar persists after the issue of key domestic economic data.
• Australia’s trade surplus increased to 5,620 MW January, exceeding the 5500 forecast by improving from the previous 4,924 m.
• The American dollar remains muffled because the risk moods improve after changing the tariff strategy of President Trump.

The Australian dollar (Aud) deals with the fourth day in a row on Thursday. The Aud/USD pair is profitable because the American dollar (USD) remains muffled among better risk moods, after another change of US President’s tariff strategy Donald Trump.

The White House announced on Wednesday that President Trump temporarily releases the car manufacturer from newly imposed import tariffs to Mexico and Canada for a month. In addition, Trump is considering excluding some agricultural products from tariffs to Canada and Mexico, according to Bloomberg reporter at X at the end of Wednesday.

Australia commercial surplus increased in January to 5,620 million, exceeding the expected 5,500 million and improving from the previous 4,924 million (changed from 5 085 million). Exports increased by 1.3% of the month of the month compared to the previous month, reaching an 11-month high level with non-monetary gold. Meanwhile, imports dropped by 0.3% MOM, according to a piercing boost by 5.9% in the previous month, according to Australian Bureau of Statistics.

Construction permits in Australia increased in January by 6.3% month month, significantly accelerating from 1.7% growth in December. This means the second month of expansion and the fastest pace since July last year.

Meanwhile, geopolitical tensions remain a problem. A spokesman for the Chinese Ministry of Foreign Affairs stated at the end of Wednesday that China is prepared to fight with the “any kind” war in response to the escalation trade tariffs of President Trump to the BBC. This may weigh the Australian dollar, taking into account the status of China as the largest trading partner in Australia.

The Australian dollar appreciates because the American dollar fights among American growth fears

• The American dollar index (DXY), which measures USD in relation to the six main currencies, trades around 104.30 at the time of writing. Greenback faced pressure down due to the fears of slowing down the US’s economic rush.
• The change in employment in the US in February recorded only 77 thousand. New jobs, significantly less than the 140,000 forecast and well below the January 186,000. Traders carefully watch the American American report (NFP), which is to show a slight reflection in terms of employment growth. Forecasts suggest that net supplements will boost to 160 thousand. In February, compared to the delayed January 143 thousand.
• According to Reuters, President Donald Trump said on Wednesday that he cooperates with Republicans from home to finance the government until September.
• The beige book of the Federal Reserve (FED) for March is additional significance with the boost in fears related to the impact of the economic trade policy of President Trump. Signs of burden appear in the US economy, even before the full implementation of its commercial funds.
• PMI Manufacturing USM ISM brought 50.3, slightly below the forecast 50.5 and fell from 50.9. On the other hand, the final PMI of S&P Global for February exceeded the expectations of 52.7, improving from pre -reading.
• The gross domestic product (GDP) in Australia expanded by 0.6% of the quarter quarter in the fourth quarter of 2024, exceeding an boost of 0.3% in Q3 and exceeding market expectations by 0.5%. During the annual GDP increased by 1.3% in the fourth quarter, compared to 0.8% in the previous quarter.
• The indicator of purchasing managers of judo Bank (PMI) fell to 50.6 in February from 51.1 in January, marking the fifth month of the economic activity, although at a slower pace. PMI services also increased to 50.8 of 51.2, reflecting continuous expansion in the thirteenth month in a row, although at a moderated pace.
• Deputy Governor of the Australian Reserve Bank (RBA) Andrew Hauser emphasized that the global trade uncertainty is 50 years senior. Hauser warned that the uncertainty resulting from the tariffs of US President Donald Trump may lead enterprises and households to delay planning and investment, potentially burdening economic growth.
• According to the financial authority of the country, China cleaned the record 3.8 trillion yuan ($ 530 billion) in bad assets, because officials increased their efforts to do financial risk. Looking to the future until 2025, regulatory authorities make the housing market the highest priority, signaling further efforts to establish the economy and rebuild trust in the fighting real estate sector.
• The Index of Chinese purchasing managers (PMI) unexpectedly increased to 51.4 in February from 51.0 in January, exceeding market expectations 50.8.
• The Chinese authorities announced early Wednesday that they set a goal of about 5% of economic growth in 2025, with 2% target for the consumer price indicator (CPI). In addition, China is planning to implement a proactive fiscal policy, while ensuring stability on both real estate markets and stock exchanges.

The Australian dollar occupies a position above 0.6300, nine -day EMA support

Aud/USD is near 0.6330 on Thursday, and the technical analysis of the daily table shows up a upward in the newly formed channel pattern, which indicates a stubborn attitude. The 14-day relative strength indicator (RSI) remains above 50, which further supports stubborn perspectives.

On the other hand, the first resistance is around the upper border of the channel growing at 0.6380, followed by a three -month maximum 0.6408, registered on February 21.

Immediate support is a 50-day interpretation average (EMA) of 0.6310, and then a nine-day EMA at 0.6296. Additional support is located on the bottom border of the canal growing at 0.6270. The break below this level may lead to a further decline towards the four -week lowest level of 0.6187, registered on March 5.

Aud/USD: Daily Chart