AUDUSD Price Analysis – January 6 AUDUSD encounters a setback as it strives to regain lost ground. Since dropping to the 0.69980 significant level, the price has immediately rebounded, pushing through the key levels with much effort. However, AUDUSD now encounters a setback at the 0.72660 resistance with depleted strength. Therefore, liquidity has dropped even […]
AUDUSD Price Analysis – December 30 AUDUSD is recovering off a major support level at 0.69980. The price is now recovering from bearish bouts that were sustained as the market plummeted from a high-level resistance at 0.75480. Rejection at that level ensures a 7.30% price drop to the 0.69980 significant level on the 3rd of […]
AUD/USD Significant LevelsResistance Levels: 0.7400, 0.7600, and 0.7800Support Levels: 0.7100, 0.6900 and 0.6700 AUD/USD Price Long-term Trend: BearishAUD/USD is in a downtrend and it may reverse course at 0.6846 . The downtrend was created after the formation of a bearish double top. The pair was rejected at level 0.7900 overhead resistance. The currency price broke […]
AUDUSD Price Analysis – December 9 The AUD/USD pair continued its steady intraday decline throughout the session, dropping to a new daily low at the time of analysis around the 0.7140-35 level. The advent of fresh US dollar demand was a crucial element that placed pressure on the AUDUSD pair as markets looked beyond better […]
AUDUSD Price Analysis – December 2 In recent activity, the AUDUSD fell below the 0.7100 barriers and is currently trading 0.16 percent down on the day, pressured down by positive US data. The Fed Chair Jerome Powell’s optimistic view of the economy and statement that the bank should press on with policy tightening in face […]
AUDUSD Price Analysis – November 25 AUDUSD – The Australian dollar is losing ground against the US dollar, down 0.17 percent to 0.7179 intraday low at the time of writing. Despite thin liquidity conditions, European indices are up, owing to the Thanksgiving holiday in the United States. The intraday profit-taking plunge in the US dollar […]
AUDUSD Price Analysis – November 18 During the American session, the AUDUSD pair extended its rebound from six-week lows, climbing to the 0.7293 intraday high, but there was no follow-through. The divergence in monetary policy stance between the Reserve Bank of Australia (RBA) and the (US) Federal Reserve has fueled the recent trend seen since […]
AUDUSD Price Analysis – October 28 The AUDUSD trades higher at 0.7554 at the time of writing, up 0.50 percent during the American session. In the near term, the pair could drop lower but it remains a buy on dips. The US Dollar Index, which gauges the performance of the greenback, falls 0.6 percent to […]
AUDUSD Price Analysis – October 21 The AUDUSD declined for the first time this week, losing 0.65 percent and trading at 0.7465 at the time of writing. The pair continued to rise to the highest level since early July, and the 0.7546 area saw an intraday turnaround. A goodish uptick in demand for the US […]
