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 […]
AUDUSD Price Analysis – September 30 During the American session, the AUDUSD gained traction and surged to 0.7257, a new daily high supported by a broad-based US dollar decline. The DXY is down 0.20 percent, marking the first time it has dropped following four days of gains. Despite stable US bond yields and uneven US […]
After both the Aussie and the Kiwi in the dollar pairings plunged 0.80 percent on Friday as risk-proxy indicators, rising commodity prices, fading Evergrande worries, and state reopening plans have brought the AUD/USD 0.35 percent higher to 0.7285 today. At the end of the prior week, the currency markets in New York dragged to a […]
AUDUSD Price Analysis – August 16 AUDUSD pair continued its gradual intraday decline during the early European session, refreshing daily lows around 0.7308. Domestic data revealed that the number of employed persons declined more than expected in August, weighing on the Australian dollar. Governor Lowe went out of his way to argue against market pricing […]
AUDUSD Price Analysis – August 9 The AUDUSD surges by 30 pips, or 0.30 percent, against the US dollar on Thursday. If all other factors remain constant, the exchange rate may continue to rise throughout the next trading session. The 0.7400 level could be a potential objective for positive traders. Key LevelsResistance Levels: 0.7645, 0.7557, 0.7450Support […]
AUDUSD Price Analysis – September 2 For the third day in a row, the Australian dollar rose to new multi-week highs. The AUDUSD exchange rate continued to rise, reaching 0.7409, its highest level since August 5. Presently it’s hovering past 0.7400. The dollar index, or DXY, is down 0.25 percent, trading at 92.25, its lowest […]
AUDUSD Price Analysis – August 19 The AUDUSD fell below the 0.7200 regions and maintains a highly offered bias trading barely above mid-0.7100s, its lowest level since early November. The pair’s weakness continues as the US dollar strengthened and Australia’s coronavirus issues prompted another round of GDP projection downgrades. Key LevelsResistance Levels: 0.7389, 0.7289, 0.7189Support […]
With Australia’s lockdowns being prolonged, the AUD remains weak. As the number of cases continues to climb, Sydney, Melbourne, Canberra, and Darwin remain under rigorous limitations. Australia is vulnerable to the highly contagious Delta form since just 26% of people over the age of 16 have been properly vaccinated. Today was the bloodiest day of […]
AUDUSD Price Analysis – August 12 After a minor recovery within its relatively close territory in the prior day, the AUDUSD is currently trading around lows near the sub 0.7400 level. On Thursday, the pair falls as it fails to maintain the previous session’s upward momentum. Traders are currently waiting on the US Initial Jobless […]
