– Yesterday Recap
Yesterday, AUDTHB closed at 23.73 in the Thai market. Meanwhile, China’s Official Manufacturing PMI for August came in at 49.8, up from 49.2 previously but still below the 50 level, indicating that China’s manufacturing sector remained in contraction despite a slight improvement.
Meanwhile, the market continued to monitor the RBA’s interest-rate outlook, which provided some support for the AUD in the short term.
– Fundamental 1/9/26
Key News Today | Actual | Forecast | Previous
AUDTHB: 08:30 – Building Approvals MoM | -3.6% | -4.7% | 6.9%
AUDTHB: 08:30 – Current Account | -27.2B | -29.7B | -25.4B
AUDTHB: 08:45 – China Manufacturing PMI | 51.5 | 51.0 | 50.9
Today, the market is focusing on China Manufacturing PMI, which is important for the AUD given China’s role as Australia’s largest trading partner.
The reading came in at 51.5, above the forecast of 51.0 and up from 50.9 previously, indicating that China’s manufacturing activity expanded at a faster pace. This supports the outlook for the Chinese economy and provides a positive factor for the AUD in the short term.
Meanwhile, Building Approvals declined 3.6% MoM, but the contraction was smaller than the market expectation of -4.7%, limiting the downside pressure on the AUD. However, the decline still indicates continued volatility in Australia’s property sector.
The Current Account recorded a deficit of 27.2B, better than the expected -29.7B, but weaker than the previous -25.4B. The data is expected to have a relatively limited impact on the AUD in the short term compared with China PMI.
Overall, AUDTHB is expected to remain Sideway to Bullish in the short term, following the stronger-than-expected China Manufacturing PMI, which is a positive factor for the AUD.
Market attention will remain focused on China PMI, Australian economic data, and the direction of the USD. However, China’s Official Manufacturing PMI remains below 50, indicating that the broader Chinese economic outlook remains fragile.
Technical Analysis – AUDTHB 1H
Bias: Sideway Up / Bullish
Resistance: 23.79 – 23.86
Support: 23.73
Target: 23.86
Cut Loss: Below 23.73