AUD/USD corrects from yesterday’s rebound from a week and a half depth. It then gain a foothold for two days straight today (Thursday). The gradual in-day uptrend continued during the European trading period. Subsequently, this took the spot price to a new daily height, near 0.6975 area. The selling pressure that the USD faced became […]
AUS/USD was pressurized during the close of the American session last Friday. The pair reduced by 0.14% from as high as 0.6977 to as low as 0.6893. The USD has also supported the increase in the value of AUD, as the rate increase anticipation declines. Also, the American dollar was pressurized last week because of […]
AUD/USD is trying to build on the past week’s gains as it moved from 0.6760 to 0.6765 last week. This pair keeps trying to protect its gain, and this will remain so till the European trading period. However, AUD/USD has been observed being bought and sold near 0.6815 to 0.6820. After the publication of the […]
AUDUSD Price Analysis – July 06 Ability to break up the resistance level of $0.683 level may lead to price inclination towards the resistance level of $0.698, and $0.710. The closing of daily candle below $0.674 level by the bears may push the price to test the support levels of $0.600 and $0.580. AUD/USD Market […]
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 […]
AUD/USD experienced shorting for 2 days straight. This caused the pair to dip to more than a week low near 0.6870 to 0.6875. The market feeling stays vulnerable amidst the uncertainty of key central banks increasing interest rates to curtail rising inflation. This is to be done in such a way that economic development won’t […]
AUD/USD receives bids around 0.6950 while gathering its daily profits earlier today. For The pair to have achieved this, news of China’s worries about the world recession and the Fed’s rate increase has been of assistance. Moving on, the POBC ( People’s Bank of China) kept its main monetary policy constant. These include the 5 […]
AUD/USD had a price rebound very early into the Asian trading period, as the risk-taking sentiment drive weakens. The major is anticipating a price directional change from its important support of the 0.6690 level. This is because the economic calendar has very few economic activities as it concerns the AUD/USD. As well, the dollar index […]
AUD/USD had a little rebound as it fell below its open price level of o.7124 Today (Friday). AUD (Australian dollar ) was unable to maintain above 0.7110 price level during the early Asian trading period. However, it has recovered following the release RBA (Reserve Bank of Australia) MPS (monetary policy statement). According to the monetary […]
