The Australian dollar (AUD) finds itself grappling with a myriad of challenges as it strives to stave off further depreciation against the US dollar (USD). Meanwhile, the USD is caught in a delicate balancing act, navigating mixed signals emanating from the global economic landscape and the Federal Reserve’s policy decisions. Last week, the US stock […]
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Bears’ pressure increases AUDUSD Price Analysis – 26 July AUDUSD may rise above the $0.67, $0.68, and $0.69 resistance levels if buyers are successful in holding the $0.66 support level. If sellers gain momentum, the price might fall much lower, perhaps to levels of $0.65 and $0.64, or even lower if the $0.66 support level […]
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Sellers’ momentum may increase AUDUSD Price Analysis – 31 May When buyers are successful in holding the $0.64 support level, AUDUSD may rise above the $0.65, $0.66, and $0.67 resistance levels. If sellers get more impetus, the price may fall further as a result of the downward momentum to levels of $0.63 and $0.62, or […]
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Sellers’ momentum may increase AUDUSD Price Analysis – 24 May AUDUSD may move above the $0.65, $0.66, and $0.67 resistance levels if buyers are successful in holding the $0.64 support level. If sellers acquire additional traction, the price might drop due to the downward momentum to levels of $0.63 and $0.62 if the $0.64 support […]
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Sellers’ momentum may increase AUDUSD Price Analysis – 27 April AUDUSD may go over the $0.66, $0.67, and $0.68 resistance levels should buyers be successful in holding the $0.65 support level. As sellers acquire more momentum, the support level of $0.65 may be broken lower, and the price may subsequently decrease as a result of […]
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Sellers’ momentum may increase AUDUSD Price Analysis – 19 April Should buyers be successful in holding the $0.66 support level, AUDUSD may move over the $0.67, $0.68, and $0.70 resistance levels. The support level of $0.66 may be broken lower as sellers gain more traction, and the price may then drop due to the downward […]
The Australian dollar has been making decent headway as it continues to soar in value against the US dollar. The reason for the latest rally can be attributed to the disappointing US PPI final demand data, which fell short of the estimated 3.0% year-on-year figure for the end of March, settling instead at 2.7%. Furthermore, […]
The Australian dollar had a reason to smile on Thursday as it climbed higher against the US dollar. Data showed that the Australian labor market remained tight, something that could result in higher inflation for a longer period. The unemployment rate stayed low at 3.5% in March, beating the 3.6% expected by economists. This was […]
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Buyers’ momentum is increasing AUDUSD Price Analysis – 05 April In case buyers are successful in holding the $0.66 support level, AUDUSD may incline above the $0.67, $0.68, and $0.70 resistance levels. The support level of $0.66 may be broken lower when sellers gain more traction, and the price may then decline as a result […]
