Australian Dollar: USD/AUD (AUD=X) Further escalation in Australia – China tensions There have been reports about China trade retaliation following the 80% tariff on barley imports from Australia for the next 5 years together with Chinese officials having drawn up a list regarding potential goods including seafood, oatmeal and fruit that could be subject to […]
Australian Dollar: USD/AUD (AUD=X) set to edge lower The Australian dollar significantly rallied a bit during the week, breaking above the 0.65 level before selling off towards the end of the same week. Ultimately, this is a market that I think could continue to see a lot of noise, especially in this area as it is a […]
Australian Dollar: USD/AUD (AUD=X) volatile shifts in investor sentiment tied to the impact of the coronavirus The Australian Dollar closed lower last week, but surprisingly finished higher three out of five trading sessions. Most of last week’s loss took place in one trading session. The week started with the Australian Dollar, which is sensitive to […]
Australian Dollar: USD/AUD (AUD=X) unchanged despite weaker-than-expected China Q1 GDP Aussie remained bid despite weaker-than-expected China Q1 GDP. Renewed hopes for coronavirus treatment support the antipodeans. STAT news report that Gilead Sciences’ experimental drug ‘Remdesivir’ is seeing rapid recoveries in fever and respiratory symptoms associated with coronavirus. On the data front, China registers first GDP […]
Australian Dollar: USD/AUD (AUD=X) falls after Australia unemployment rate rises in March The AUD/USD pair declined after the Australian Bureau of Statistics (ABS) released upbeat March jobs numbers. The data showed that the country’s job market remained steady before coronavirus restrictions started. According to ABS, trend employment increased by about 17,000 people in March. Most […]
Australian Dollar: USD/AUD (AUD=X) Rate Correction To Face Australian Employment Report AUD/USD continues to retrace the sharp decline from the previous month as the Reserve Bank of Australia (RBA) abandons the dovish forward guidance for monetary policy, and the central bank may continue to change its tune over the coming months as officials insist that “smaller and less […]
Australian Dollar: USD/AUD (AUD=X) Looking to Continue Grinding Higher The Australian dollar initially pulled back a bit during the trading session on Monday, but then turned around to reach towards the top of the range from the previous session almost immediately during the US session. Keep in mind that several banks around the world were closed due […]
Australian Dollar: USD/AUD (AUD=X) Continues to Press Resistance The Australian dollar initially pulled back a bit during the trading session on Wednesday, but turned around to show signs of strength, as we reached towards the 0.62 level. At this point, the market breaking above that level and the 61.8% Fibonacci retracement level which is just […]
Australian Dollar: USD/AUD (AUD=X) Rallies Significantly Into Resistance The 0.62 level above is an area that should be resistive due to a large, round, psychologically significant figure being represented and several attempts to break above it. At this point, I think that a pullback makes quite a bit of sense, as we are simply going […]
Australian Dollar: USD/AUD (AUD=X) gains are being capped by a stronger U.S. Dollar Increased demand for risky commodity currencies is helping to boost the Australian Dollar on Monday, however, gains are being capped by a stronger U.S. Dollar. Position-squaring ahead of Tuesday’s Reserve Bank of Australia (RBA) monetary meeting could also be providing some support. […]
Australian Dollar: USD/AUD (AUD=X) Pulls Back For the Week The Australian dollar has initially tried to rally during the week, but then broke down towards the 0.60 level, and hung around that area as it would attract a lot of attention obviously. Ultimately, I think that the market will then continue to see a lot of noise, […]
Australian Dollar: USD/AUD (AUD=X) a break down below the 0.60 level is very likely that we go crashing into the 0.58 level The Australian dollar initially tried to rally during the trading session on Thursday but give back the gains as we started to see a lot of negativity out there. Ultimately, this is a market that […]
Australian Dollar: USD/AUD (AUD=X) Dollar Roles Over The Australian dollar has initially tried to rally a bit during the trading session on Wednesday but has rolled over to reach towards the 0.60 level. That level should be psychologically important but if it doesn’t hold, we could very well fall towards the lows again. It should be noted […]
Australian Dollar: USD/AUD (AUD=X) sinks against mixed U.S. currency The Australian dollar eased against the greenback on Wednesday, despite the U.S. currency being mixed against most G10 currencies. At 07:00 (AEST), the Australian dollar was buying 61.47 U.S. cents, down from 61.70 U.S. cents on Tuesday. “AUD/USD’s sharpest price action was not linked to news […]
Australian Dollar: USD/AUD (AUD=X) dollar breaks through 61 US cents The Australian dollar rose through 0.61 US cents through trade on Friday, buoyed by a continued run in improved risk sentiment. The Australian dollar closed the week higher against the greenback, up nearly 1.37% for the day reaching a high of 0.6199, its highest level […]
Australian Dollar: USD/AUD (AUD=X) at its highest in over a week near 0.6100 The AUD/USD pair is ending the day with gains around 0.6080, a fresh weekly high, underpinned by rallying equities and a weaker dollar in the last trading session of the day. The pair recovered from an early low of 0.5869, a result […]
Australian Dollar: USD/AUD (AUD=X) Struggling At Major Round Figure The Australian dollar had a strong start to the trading session on Wednesday but gave back quite a bit of the gains once we get above the 0.60 level. Ultimately, this is a pair that is highly sensitive to risk appetite and that of course is a major […]
Australian Dollar: USD/AUD (AUD=X) Neutral In The Short-Term The Australian dollar advanced against its American rival to 0.5975, its highest for this week, with the pair ending the day around 0.5900. Data coming from the country were mixed, as the Commonwealth Bank Services PMI plunged to 39.8 in March according to preliminary estimates, although the […]
Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined The AUD/USD pair had a relatively quiet day, ending it unchanged around 0.5790. The pair seesawed within familiar levels trapped between the usual dollar’s demand, and resurgent gold prices. The bright metal soared to $1,561.21 a troy ounce, limiting the downside for […]
Australian Dollar: USD/AUD (AUD=X) Breaks Major Level The Australian dollar has broken through the 0.60 level, an area that is important due to the fact that it was the low of the financial crisis. Now that we are through that level, we need to start looking back along the lines of 20 years ago. The 0.58 level […]
Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly The Australian dollar of course is highly levered to the Chinese economy, and of course is highly levered to global growth in general. At this point it looks as if the global growth is falling apart even further and that is going to continue to weigh upon the Aussie. However, […]
Australian Dollar: USD/AUD (AUD=X) Plunges The Australian dollar has plunged during the trading session on Thursday, as we continue to see a lot of “risk off” trading out there. Ultimately though, we are getting close to a major support level so it’s interesting to see whether or not the Aussie can hold this general vicinity. […]
Australian Dollar: USD/AUD (AUD=X) sentiment on the currency negative The Australian dollar has initially tried to rally during the trading session on Tuesday, but then rolled over a bit to show signs of weakness. At this point, the Australian dollar has seen a flash crash on Monday, but now it looks as if the market […]
Australian Dollar: USD/AUD (AUD=X) Drifts Lower The Australian dollar has initially tried to rally during the trading session on Tuesday, but then rolled over a bit to show signs of weakness. At this point, the Australian dollar has seen a flash crash on Monday, but now it looks as if the market is in fact […]
Australian Dollar: USD/AUD (AUD=X) currently in a major “risk off” type of situation The Australian dollar has broken down significantly during the trading session in a major “risk off” type of situation, as the oil markets have fallen apart and of course commodity currencies in general have all been hit rather hard. However, as we […]
Australian Dollar: USD/AUD (AUD=X) Rallied Slightly Into The Weekend The Australian dollar has initially dropped during the trading session on Friday, only to turn around and spike to the upside. Looking at the market, you can see that the Australian dollar has continued to be noisy, but as it is oversold it is very likely […]
Australian Dollar: USD/AUD (AUD=X) Weakens Under .6604, Strengthens Over .6644 The Australian Dollar is trading flat to lower in limited action on Thursday as investors continue to assess the impact of the coronavirus on its economy, while digesting the Reserve Bank of Australia’s 25-basis point rate cut from Tuesday and an aggressive 50-basis point rate […]
Australian Dollar: USD/AUD (AUD=X) Continue to Pressure Upside The Australian dollar has initially pulled back during the trading session on Tuesday, reaching towards the 0.65 handle. However, we have seen a lot of support at that area and then turned around to rally to the upside. The 0.66 level is a target that short-term traders […]
Australian Dollar: USD/AUD (AUD=X) Break Through .6434 Could Create Momentum Needed to Challenge 11-Year Low The Australian Dollar plunged early in the session on Friday, moving closer to the March 3, 2009 main bottom at .6285, as traders priced in expectations of weaker domestic growth in reaction to the impact of coronavirus. However, dovish comments […]
Australian Dollar: USD/AUD (AUD=X) extraordinarily week The Australian dollar has broken down during the trading session on Wednesday, as we continue to see a lot of US dollar strength in of course people running away from anything in Asia. The Australian dollar has been extraordinarily week, and it certainly seems as if it is only […]
Australian Dollar: USD/AUD (AUD=X) continues to see a lot of selling pressure The Australian dollar has initially tried to rally during the trading session on Tuesday, but continues to see a lot of selling pressure, mainly because of the coronavirus. After all, the Chinese economy is flat on its back so it’s very likely we […]
Australian Dollar: USD/AUD (AUD=X) further weakness The Australian dollar has gapped lower to kick off the week, as we continue to have a lot of coronavirus fears out there, only to see the market rally and fill that gap. The fact that we are broken down below the bottom of a hammer it does suggest […]
Australian Dollar: USD/AUD (AUD=X) very unlikely to be able to rally The Australian dollar initially tried to rally during the trading session on Wednesday but struggled at the 0.67 handle. This level seems to be more or less a magnet for price, and it looks as if we are going to continue going lower eventually. […]
Australian Dollar: USD/AUD (AUD=X) continues to plummet The Australian dollar continues to plummet as the US dollar attract quite a bit of money coming into the country. The US economy outperforms all of the other major once, so therefore it should not be surprised at all to see the Aussie dollar falling. Furthermore, the RBA […]
Australian Dollar: USD/AUD (AUD=X) rallies into the resistance The Australian dollar has rallied again during the trading session on Wednesday, reaching towards the 0.6750 level, an area that should continue to offer a bit of resistance as it has been rather stringent over the last couple of days. Remember, the Australian dollar is highly sensitive […]
Australian Dollar: USD/AUD (AUD=X) receiving a boost from a firmer Chinese Yuan The Australian Dollar is trading higher for a second session on Tuesday as firmer Asia Pacific stock markets point toward rising demand for risky assets. Furthermore, the beat-up Asian currencies are making a comeback on Tuesday, as investor risk appetite recovered on speculation […]
Australian Dollar: USD/AUD (AUD=X) weakness may have been fueled by sell-stops rather than aggressive short-selling The Australian Dollar is rebounding early Monday following the previous session’s steep sell-off that drove the currency to its lowest level since the financial crisis in 2009. The price action suggests that Friday’s weakness may have been fueled by sell-stops […]
Australian Dollar: USD/AUD (AUD=X) showing signs of weakness The Australian dollar has gotten hammered during the trading session on Friday, showing signs of weakness yet again as money continues to flow out of Asia due to the coronavirus and simple slowdowns. The Australian economy is getting hammered from all fronts, considering that the wildfires continue […]
Australian Dollar: USD/AUD (AUD=X) volatility expected Currency volatility expected in the Australian Dollar is at extremes ahead of the upcoming interest rate decision from the Reserve Bank of Australia (RBA). The RBA is due to release its latest monetary policy update on Tuesday, February 04 at 3:30 GMT and has correspondingly pushed Australian Dollar overnight […]
Australian Dollar: USD/AUD (AUD=X) Trying To Find Support The Australian dollar has fallen rather hard during the trading session on Friday, attacking the 0.67 handle. This is an area that should be important though, because it is the top of the consolidation from the global financial crisis over a decade ago. The market also has […]
Australian Dollar: USD/AUD (AUD=X) dangerously close to a major support level The Australian dollar initially tried to rally during the trading session on Wednesday but gave back quite a bit of the gains heading towards the FOMC statement. Ultimately though, we are getting dangerously close to a major support level in the form of the […]
Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion The Australian dollar initially tried to rally during the trading session on Wednesday but gave back quite a bit of the gains heading towards the FOMC statement. Ultimately though, we are getting dangerously close to a major support level in the form of the 0.67 level which […]
Australian Dollar: USD/AUD (AUD=X) finding support The Australian dollar has broken down significantly during the trading session on Tuesday, even slicing below the 0.6750 level. However, we have seen some buying just below there so I believe that there is significant support between here and the 0.67 handle, so it’s very likely that the Australian […]
Australian Dollar: USD/AUD (AUD=X) Rallies After Surprise Employment Figure The Australian dollar rallied quite significantly during the trading session on Thursday, reaching towards the 200 day EMA as the jobs numbers came out much stronger than anticipated. The Australian dollar has rallied significantly during the trading session on Thursday, reaching towards the 200 day EMA. […]
Australian Dollar: USD/AUD (AUD=X) Bushfires Send Consumer Confidence Lower as Mini Retail Boom Rolls Over The Australian Dollar is trading flat against the U.S. Dollar on Wednesday after early session weakness drove the currency into its lowest level since December 11. This means that the entire Phase One U.S.-China trade deal premium has been wiped […]
Australian Dollar: USD/AUD (AUD=X) Continues To Slide The Australian dollar initially tried to rally during the trading session on Monday but found enough trouble at the 0.69 level to turn things back around and show extreme weakness. That is also where the 200 day EMA is, and therefore it makes quite a bit of sense […]
Australian Dollar: USD/AUD (AUD=X) Flat As Global Trading Volumes Thin The Australian Dollar exchange rates remained largely flat on Monday as trading volumes were thin due to the closure of US markets for Martin Luther King Day. Despite the global risk-on sentiment, the ‘Aussie’ opened this week down for the third consecutive week, with the […]
Australian Dollar: USD/AUD (AUD=X) Downside Momentum Targets .6851 – .6809 After showing signs of strength early in the session on the back of solid Chinese Gross Domestic Product (GDP) data, the Australian Dollar reversed to the downside to finish lower for the session. Stronger-than-expected U.S. housing data drove Treasury yields higher, making the greenback a […]
Australian Dollar: USD/AUD (AUD=X) carving weekly opening-range just below technical resistance AUD/USD has continued to trade within the confines of this ascending pitchfork formation extending off the October / November lows with daily resistance eyed at the median-line / 61.8% retracement at 6927 – a topside breach / close above is needed to validate a […]
Australian Dollar: USD/AUD (AUD=X) trying to break out The Australian dollar has rallied a bit during the trading session on Monday, breaking above the 0.69 level before pulling back a bit. However, this is a market that is trying to break out, and if we can clear the top of the range for the trading […]
Australian Dollar: USD/AUD (AUD=X) Support Cluster at .6894 to .6892 The Australian Dollar surged to the upside on Friday and finished the session higher in the wake of a weaker-than-expected U.S. jobs report. Optimism over the impact of the U.S.-China trade deal may have also played a role in encouraging short-sellers to book profits after […]
Australian Dollar: USD/AUD (AUD=X) Continues To Hover The Australian dollar has gone back and forth during the trading session on Thursday, as we continue to hang around the 50 day EMA. We are sitting just above the previous downtrend line though, so it’s very likely that the buyers will come in and try to pick […]
Australian Dollar: USD/AUD (AUD=X) falls back below 69 US cents, US trade deficit at three-year low The Australian dollar has fallen back below 69 US cents and is weaker against a basket of currencies, as the US dollar rises after America’s trade deficit fell to a three-year low. The Australian dollar traded above 70 US […]
Australian Dollar: USD/AUD (AUD=X) excellent opportunity for bulls After starting the first full week of the new year in a decidedly “risk off” position, markets are recovering into the US session close. For FX traders, the Australian dollar has long been the quintessential pro-growth currency, at least among the developed market majors, and the price […]
Australian Dollar: USD/AUD (AUD=X) Forms Bearish Candle Overall, the bias in prices is: Sideways. By the way, prices are vulnerable to a correction towards 0.69. The projected upper bound is: 0.70. The projected lower bound is: 0.69. The projected closing price is: 0.69. Candlesticks A black body occurred (because prices closed lower than they opened). […]
Australian Dollar: USD/AUD (AUD=X) showing signs of exhaustion near the 0.70 handle The Australian dollar pulled back just a bit during the trading session on Thursday, showing signs of exhaustion near the 0.70 handle as you would expect. This is a large, round, psychologically significant figure so there will be a lot of interest in […]
Australian Dollar: USD/AUD (AUD=X) Powers Higher Again The Australian dollar rallied a bit during the trading session on Monday, reaching towards the 0.70 level, a psychologically important figure to say the least. That being said though, although we have had a massive breakout to the upside it’s likely that we need a bit of a […]
Australian Dollar: USD/AUD (AUD=X) Australian Dollar Breaks Out The Australian dollar rallied rather significantly during the week, breaking towards the 0.70 level. I think at this point it’s very likely that we will see a lot of resistance in that area, due to the fact that it is a large, round, psychologically significant figure. With […]
Australian Dollar: USD/AUD (AUD=X) Will Need Surge in Volume to Breakout Over .6939 Optimism over the U.S.-China trade deal continues to bring in enough buyers to underpin the Australian Dollar. However, the buying volume is a little light due to the holiday season, and uncertainty over whether the Reserve Bank of Australia (RBA) will lower […]
Australian Dollar: USD/AUD (AUD=X) very likely that this market will continue to go much higher The Australian dollar has pulled back significantly during the week but found buyers to turn things around and rally again. The massive shooting star from the previous week is a negative sign but it looks as if we are trying […]
Australian Dollar: USD/AUD (AUD=X) Dip in Unemployment Rate Lowers Chances of Aussie Rate Cut The Australian and New Zealand Dollars are trading mixed on Thursday in reaction to several key economic reports. The Aussie is being supported by a jobs report that indicated the employment situation was starting to stabilize. The news also trimmed the […]
Australian Dollar: USD/AUD (AUD=X) Underpinned by Robust Chinese Economic Data The Australian and New Zealand Dollars are trading higher on Monday as investors react to stronger-than-expected economic data from China, while continuing to digest the trade deal between the United States and China that was announced on Friday. There is some uncertainty over the details […]
Australian Dollar: USD/AUD (AUD=X) continues to be very volatile The Australian dollar has had a volatile session during the trading session on Friday, initially breaking above the 200 day EMA and the 61.8% Fibonacci retracement level before turning around. With so much up in the air when it comes to the trade war, it’s not […]
Australian Dollar: USD/AUD (AUD=X) Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020 Over the last month it has traded down to as low as USD0.676 and back to USD0.683. Eff ectively the AUD has traded in the USD0.67 to USD0.70 range since late July. Westpac last changed its AUD call on […]
Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold The Australian share market is expected to open lower this morning despite some modest gains on Wall Street overnight after the US central bank kept interest rates unchanged. The SPI200 futures contract was down 29 points, or 0.4 per cent, at 6722 at about […]
Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China The Australian Dollar is trading lower on Monday in reaction to weaker-than-expected trade balance data from China. The Aussie is also being pressured by Friday’s stronger-than-expected U.S. Non-Farm Payrolls and consumer sentiment reports, which should be enough to prevent the […]
Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level The Australian dollar has rallied a bit during the trading session on Friday, as we continue to see a bit of consolidation near the 0.6850 level. Remember, the Australian dollar is highly sensitive to the US/China trade situation, and it […]
Australian Dollar: USD/AUD (AUD=X) pressured by doubts that the U.S. and China would be able to pull-off a trade deal before the 2020 U.S. Presidential Elections The New Zealand and Australian Dollars finished mixed on Wednesday with the Kiwi posting a gain and the Aussie closing unchanged. Both currencies posted two-sided price action before rallying […]
Australian Dollar: USD/AUD (AUD=X) to Continue Going Higher The Australian dollar has rallied a bit during the trading session on Tuesday but gave back quite a bit of the gains due to Donald Trump suggesting that the trade deal might be better served happening after the election. If that’s going to be the case, that […]
Australian Dollar: USD/AUD (AUD=X) Explodes Overnight USD Down on Manufacturing Miss The US dollar has been under pressure over early trading on Tuesday as the reaction from yesterday’s data miss continues. The US ISM Manufacturing print for November came in below expectations at 48.1 vs 49.2 expected. Marking the fourth straight month in contractionary territory, the reading is […]
Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation The Australian dollar has taken off to the upside during the trading session on Monday, reaching towards the 50 day EMA by the time New York opened. With that being the case, it looks as if we are trying to make […]
Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving The Australian dollar initially tried to rally during the week but then drifted lower to reach the 0.6775 handle, and perhaps even a little bit lower. At this point though, the market has a lack of volume as Thanksgiving would have been […]
Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal The Australian dollar has struggled a bit during the trading session to find any footing, but that should not be much of a surprise as we have seen this market struggle for direction as the […]
Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020 The Australian and New Zealand Dollars are inching lower on Wednesday on low volume. The tight trading range this week suggests many of the major players are on the sidelines ahead of the U.S. bank holiday on Thursday. Aussie and Kiwi investors […]
Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone Australian consumer confidence decreased ahead of the key holiday shopping season, but a phone call between officials from the US and China has once again grabbed the headlines. According to the Chinese Ministry of […]
Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come […]
Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come into play. Traders read the summary to […]
Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift The Australian Dollar was on the front foot against its major rivals as currency markets reacted to words of optimism from China on ongoing trade talks with the U.S., while investor sentiment was further boosted by minutes from the latest Federal Reserve (Fed) […]
Australian Dollar: USD/AUD (AUD=X) pressure is coming from renewed concerns over a U.S.-China trade deal The Australian Dollar is trading lower on Wednesday. The pressure is coming from renewed concerns over a U.S.-China trade deal, a stronger U.S. Dollar and dovish Reserve Bank minutes. Traders are worried that negotiations between the two economic powerhouses have […]
Australian Dollar: USD/AUD (AUD=X) Continues To Grind The Australian dollar has initially tried to rally during the trading session on Monday, only to turn around and show weakness again. Ultimately, this is a market that looks very likely to continue to see a lot of noise around it as the Australian dollar is so sensitive […]
Australian Dollar: USD/AUD (AUD=X) trading range is tight as most of the major players have taken to the sidelines The Australian Dollar is trading slightly lower on Monday. There has been no follow-through to the upside following Friday’s strong rebound rally, following the prior session’s steep sell-off. The trading range is tight as most of […]
Australian Dollar: USD/AUD (AUD=X) weak employment data drove up the chances of another rate cut by the Reserve Bank of Australia The Australian Dollar closed lower last week with most of the loss occurring on November 14 after the Australian 10-year government bond yield slumped to over a 1-week low after the country’s employment report […]
Australian Dollar: USD/AUD (AUD=X) shown signs of erratic behavior The Australian dollar has shown signs of erratic behavior over the last 24 hours but this should not be a huge surprise considering that we continue to have mixed messages coming out of the trade war between the United States and China. However, part of the resiliency that […]
Australian Dollar: USD/AUD (AUD=X) Uptrend Move Still Intact On Oct 31 AUD/USD rose to a multi-month high at 0.6929. Later, buyers tried to rally the price further however, they have not been successful in overtaking this level. Similarly, NZD/USD rallied at the start of this week to 0.6460 – its highest level in over two […]
Australian Dollar: USD/AUD (AUD=X) momentum trending lower The Australian Dollar is trading higher on Tuesday, recovering from early session weakness, after Reserve Bank of Australia policymakers decided to hold policy steady at 0.75%, as expected, while upgrading forward-guidance. The final paragraph of the RBA’s monetary policy statement is steering Aussie Dollar prices higher. In it, […]
Australian Dollar: USD/AUD (AUD=X) now testing monthly uptrend support The Australian Dollar has is down more-than 0.3% against the US Dollar since the start of the week with Aussie now testing monthly uptrend support. These are the updated targets and invalidation levels that matter on the AUD/USD price charts. In my latest Australian Dollar Price […]
Australian Dollar: USD/AUD (AUD=X) this week features the RBA rate decision and retail sales AUD/USD sparkled last week, jumping 1.3 percent. This was the pair’s best week since early September. This week features the RBA rate decision and retail sales. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. Australian CPI came in […]
Australian Dollar: USD/AUD (AUD=X) could be on the cusp of a bearish reversal The Australian Dollar has enjoyed an impressive rally throughout October with both AUD/USD and AUD/JPY climbing roughly 2%. The technical outlook for AUD price action turns less sanguine, however, as the Aussie pivots lower after touching a major level of confluent resistance. […]
The Australian Dollar: USD/AUD (AUD=X) and New Zealand dollars trading higher on the back of risk appetite The Australian and New Zealand dollars traded higher on the back of risk appetite. Data from Australia was also good with price pressures rising slightly in the third quarter. On a quarterly basis, CPI rose 0.5%, which was in […]
Australian Dollar: USD/AUD (AUD=X) Advances On Weak US Consumer Confidence & Despite A Dovish Dr Lowe Australian CPI is released each quarter, magnifying the impact of each release. The indicator posted a gain of 0.6% in the second quarter, but is expected to tick lower to 0.5% in Q3. A reading which misses the forecast […]
Australian Dollar: USD/AUD (AUD=X) resistance at 6833 Aussie is approaching near-term uptrend support at 6801/09. Initial resistance at 6833 backed by 6854- breach there is needed to mark resumption. A downside break threatens a larger correction with such a scenario 6777. Technical Indicators Overall, the bias in prices is: Sideways. The projected upper bound is: 0.69. The projected lower bound […]
Australian Dollar: USD/AUD (AUD=X) this week features CPI and Chinese manufacturing PMIs AUD/USD climbed to 6-week highs early last week, but was unable to consolidate and lost ground last week. This week features CPI and Chinese manufacturing PMIs. Here is an outlook at the highlights and an updated technical analysis for AUD/USD. There were no major Australian […]
Australian Dollar: USD/AUD (AUD=X) Looks as if we are going to continue to fall The Australian dollar initially try to rally during the training session on Thursday but then felt to break down below the bottom of the hammer that had formed during the previous day. That being said, it looks as if we are […]
Australian Dollar: USD/AUD (AUD=X) domestic fundamentals to dominate over the next year The Australian Dollar was softer across the board Wednesday as the U.S. greenback stabilised and optimism about progress in the Brexit process ebbed, leading one trader to tip more losses in the short-term, but institutional views on the outlook for the Aussie do […]
Australian Dollar: USD/AUD (AUD=X) In the Green Last week, Aussie and Kiwi Dollar corrected higher against US Dollar. On Friday, AUD/USD closed the weekly candlestick with a 0.9% gain. Meanwhile, NZD/USD ended the weekly session with nearly 0.8% gain. Alongside this, the relative Strength Index (RSI) crossed above 50 reflecting the end of the downtrend […]
Australian Dollar: USD/AUD (AUD=X) enjoys fourth day of gains amid risk-on mood in global markets The Australian Dollar climbed for a fourth consecutive session Monday as an upbeat mood in global markets continued to lift risk assets but analysts are divided over the outlook, with some telling clients the antipodean unit’s rally could soon fizzle out […]
Australian Dollar: USD/AUD (AUD=X) Could Wilt if Brexit Delayed, Growth Risks Hang The Australian Dollar spent most of last week rallying against major currencies such as the US Dollar and Japanese Yen but underperformed against the British Pound. Domestically, it could thank a drop in Australian unemployment which almost entirely took off bets of a November RBA rate cut. Meanwhile, hopes of a Brexit deal […]
Australian Dollar: USD/AUD (AUD=X) launches higher The Australian dollar launched higher during the trading session on Thursday, breaking above the 50 day EMA in a relatively strong sign for the Aussie. However, at the end of the day we still have significant headwinds above and from a fundamental standpoint. The Australian dollar has rallied rather significantly during […]
Australian Dollar: USD/AUD (AUD=X) Sellers may come back Last week, US Dollar softened slightly against Australian and New Zealand Dollars. On Friday, AUD/USD closed in the green with a 0.3% gain. Meanwhile, NZD/USD closed with nearly 0.4% gain. However, since Monday sellers resumed pressing the price to the downside, hinting to a possible continuation of bearish price action. The relative […]
Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value The Australian dollar has pulled back to fair value during the trading session on Monday as we continue to see a lot of noise when it comes to the US/China trade talks, essentially going nowhere as expected. Unfortunate for Australia, the Australian dollar is highly sensitive […]