AUD/USD Falls to Twenty-one Days Low, Focuses 0.6800

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


AUD/USD sellers applied some downward pressure on the pair for three days in a row. And, today the pair fell to 2-weel depth, close to 0.6865 few hour into the European trading period. The increasingly Poor world economic outlook keeps burdening the feeling of investors. Consequently, this reflects in the dominant careful mood that surrounds the money market.

Oppositely, the USD got strength from the hawkish statement made by New York’s Fed President: John Williams, and Marry Daly from San Francisco. As a result, these statements increased the prediction of a violent Federal Reserve Interest rate increase. And this pulled AUD/USD downwards.

AUD/USD Falls to Twenty-one Days low, Focuses 0.6800 Before Fed’s Powell Speech

Other AUD/USD Price Factors

Buyers and sellers are confused about the possibility of a pacier policy tightening by the Federal Reserve due to rising recession anxieties. In addition, this and a new dip in the US Treasury bond produce, restricts the USD, and may assist in preventing further losses for AUD/USD.

Buyers and Sellers are wary of placing orders, but they prefer waiting to hear Powell’s statement at the ECB meeting. Powell’s remarks will be carefully examined for insights into the Fed’s policy perspective. Eventually, this will give a new impulse to AUD/USD.

However, the basic background appears to favor sellers and aids possibilities of more short-term bearishness in the AUD/USD market.

You can purchase Lucky Block here. Buy LBlock

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *