Market Analysis – September 26 AUDJPY bulls aim for the 99.000 resistance level. The AUDJPY pair experienced a bullish break of structure, leading to a shift in price action from bearish to bullish. Despite the 95.000 level initially acting as resistance for price bulls, it could not hold, indicating the presence of bullish momentum. AUDJPY […]
Market Analysis – September 14 AUDJPY reveals bullish potential. The market is currently exhibiting a bullish trend. This, therefore, is indicating the possibility of an increase in value soon. This suggests that the Australian dollar is strengthening against the Japanese yen. Traders are paying attention to the significant resistance level at 97.650, as it serves […]
The Australian dollar (AUD) finds itself grappling with a myriad of challenges as it strives to stave off further depreciation against the US dollar (USD). Meanwhile, the USD is caught in a delicate balancing act, navigating mixed signals emanating from the global economic landscape and the Federal Reserve’s policy decisions. Last week, the US stock […]
The Australian Dollar (AUD) embarked on a rollercoaster ride last week, exhibiting a turbulent pattern of trading before eventually succumbing to a two-month low. The catalyst for this dramatic descent was none other than Fitch Ratings, whose decision to downgrade the United States’ sovereign credit rating from AAA to AA+ sent shockwaves throughout the global […]
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Bears’ pressure increases AUDUSD Price Analysis – 26 July AUDUSD may rise above the $0.67, $0.68, and $0.69 resistance levels if buyers are successful in holding the $0.66 support level. If sellers gain momentum, the price might fall much lower, perhaps to levels of $0.65 and $0.64, or even lower if the $0.66 support level […]
The Australian dollar is encountering downward pressure in today’s market against the US dollar (DXY), despite the relatively stable performance of the greenback as indicated by the DXY index. This decline can be attributed to initial apprehensions surrounding the Chinese economy. This apprehension was triggered by the People’s Bank of China’s (PBoC) decision to cut […]
In a surprising turn of events, the Australian dollar stood its ground despite a slight miss on the trade balance data. Market attention quickly shifted toward the recent interest rate decisions made by the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC). Both central banks caught investors off guard by raising their […]
The Australian dollar (AUD) took investors on a thrilling ride yesterday as it fluctuated around the 0.6500 handle following significant progress in the United States debt ceiling legislation. In a remarkable display of bipartisan cooperation, Republicans and Democrats united to push the deal through the House, resulting in a decisive 314–117 split in favor of […]
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Sellers’ momentum may increase AUDUSD Price Analysis – 31 May When buyers are successful in holding the $0.64 support level, AUDUSD may rise above the $0.65, $0.66, and $0.67 resistance levels. If sellers get more impetus, the price may fall further as a result of the downward momentum to levels of $0.63 and $0.62, or […]
