As the US dollar remains under pressure globally, the Australian dollar is heading toward the five-month high reached last week at 0.7063. Recent remarks from Federal Reserve officials indicate that they currently believe increases of 25 basis points (bp) will be the proper rate of tightening at the Federal Open Market Committee’s (FOMC) next meetings. […]
Buyers’ momentum is increasing AUDUSD Price Analysis – 18 January In case sellers manage to hold the $0.70 resistance level, AUDUSD may drop to the $0.68, $0.66, and $0.65 support levels. The resistance level of $0.70 may be broken higher when buyers gain more momentum, and the upward momentum may then extend to levels of […]
Buyers’ momentum is increasing AUDUSD Price Analysis – 11 January When buyers acquire more traction, the resistance level of $0.70 may be broken upward, and the positive momentum may continue to the $0.71 and $0.72 levels. In case sellers hold the $0.70 resistance level, AUDUSD may fall to the support levels of $0.68, $0.66, and […]
Buyers’ momentum may further increase AUDUSD Price Analysis – 04 January The resistance level of $0.68 may be broken upward when buyers acquire more traction, and the positive momentum may continue to $0.70 and $0.72 levels. AUDUSD may fall to the support levels of $0.66, $0.65, and $0.63 if sellers hold the $0.68 resistance level. […]
Buyers’ momentum may further increase AUDUSD Price Analysis – 28 December The resistance level of $0.68 may be broken upward when buyers acquire more traction, and the positive momentum may continue to $0.70 and $0.72 level. AUDUSD may fall to the support levels of $0.66, $0.65, and $0.63 if sellers hold the $0.68 resistance level […]
Buyers’ momentum is increasing AUDUSD Price Analysis – 14 December When buyers maintain or gain more momentum, the resistance level of $0.70 may be tested, also, bullish momentum may extend to the $0.72 level. In case sellers oppose buyers at the $0.70 level, AUDUSD may decrease to the support levels at $0.68, $0.65, and $0.63. […]
Buyers’ momentum is increasing AUDUSD Price Analysis – 30 November When buyers gain more momentum, the resistance level of $0.68 may be broken upside and the price may increase to the resistance level of $0.70, and $0.71. In case sellers oppose buyers at the $0.68 level, AUDUSD may decrease to the support levels at $0.66, […]
Buyers’ momentum is increasing AUDUSD Price Analysis – 16 November When buyers gain more momentum, the resistance level of $0.68 may be broken upside and price may increase to the resistance level of $0.70, and $0.71. In case sellers oppose buyers at $0.68 level, AUDUSD may decrease to the support levels at $0.66, $0.65 and […]
The AUD/USD pair continues its previous day’s post-FOMC decline from close to the psychological level of 0.6500 on Thursday and continues to be under some selling pressure. The decline, which is fueled by widespread USD strength, pushes spot prices below the 0.6300 level and to their lowest point in one and a half weeks during […]
