AUDUSD Price Analysis – August 5 The Australian dollar is gradually rebounding, holding past the 0.7400 level, aided by a slight drop in the US dollar overall. During the early American session, the AUDUSD pair saw considerable buying and surge past the 0.7400 round-figure marks on Thursday. Despite the COVID-19 difficulties, a minor increase in […]
Despite the lack of confirmation, additional Dollar weakness lies ahead, as the near-term trend is reversing. However, in the event of more Dollar depreciation, the Australian dollar would be a currency to avoid. Given its relative strength against the Euro and Sterling, the Swiss Franc is more likely to be a better option than not. […]
AUDUSD Price Analysis – July 29 AUDUSD drew some dip-buying on Thursday and aims to build on the prior day’s rally from the 0.7316 zones. Amid the dominant US dollar selling tendency after the FOMC, the pair was last spotted slightly beneath the 0.7400 marks, towards the upper end of its daily trading range. Key […]
AUDUSD Price Analysis – July 22 During the early European session, the AUDUSD pair soared to fresh weekly highs, hovering around the 0.7387 level. The pair recovered positive traction for the second consecutive session, and it is now attempting to build on the previous day’s impressive recovery from sub-0.7300 levels. The risk-on sentiment weakens the […]
AUDUSD Price Analysis – July 15 During the early North American session, the AUDUSD pair kept its offered tone, plunging underneath the mid-0.7400 level. The USD benefited from the risk-off sentiment, which added to intraday selling. Following a spike in COVID-19 infections, the Australian state of Victoria was forced into a lockdown on Thursday. Key […]
AUDUSD Price Analysis – July 7 Despite a lack of strong follow-through, the AUDUSD pair maintained its bid tone and held solidly above the 0.7500 psychological thresholds during the first half of the European session. Indications that the Fed may maintain its ultra-loose monetary stance for a prolonged period continued to operate as a barrier […]
AUDUSD Price Analysis – July 1 The AUDUSD fell 27 pips, or 0.23 percent, against the US Dollar on Thursday. During the trading session, the currency pair dips to the prior months’ low of June 18 on the level at 0.7476. At the 0.7480 level, the exchange rate is now trading at the bottom of […]
AUDUSD Price Analysis – June 24 The AUDUSD pair has been trending upward for the first 4 days of the week, lingering at the top end of its intraday trading range, around 0.7586, heading into the American session. Following a slight bounce in the prior day, the US Dollar Index struggles for traction while focusing […]
AUDUSD Price Analysis – June 10 The AUDUSD is holding its gains but stays underneath the 0.7775 level, increasing 0.36 percent to 0.7756 at the time of writing from a low of 0.7717 and slightly below the day’s high of 0.7763. The AUDUSD is stabilizing underneath the 0.8000 high, with a little noticeable upward thrust. […]
