This week's news is about the Australian dollar (AUD) and the US dollar (USD). Imagine you're trading toy cars – the AUD is like a super-fast car, and the USD is a bit slower. The news shows how these 'cars' are doing based on things happening in Australia and the US.
- Australia's job market is strong, making the AUD stronger.
- The US had some weaker economic news, making the USD weaker.
- Australia's central bank lowered interest rates (like reducing the speed of a car), but the AUD is still doing well.
| Fact | Detail |
|---|---|
| AUD/USD Trend | Bullish (going up) |
| Key Resistance | 0.6401 |
| Key Support | 0.6100 |
| US Economy | Some weak areas, but generally strong |
