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 […]
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 […]
Sellers’ momentum may increase AUDUSD Price Analysis – 24 May AUDUSD may move above the $0.65, $0.66, and $0.67 resistance levels if buyers are successful in holding the $0.64 support level. If sellers acquire additional traction, the price might drop due to the downward momentum to levels of $0.63 and $0.62 if the $0.64 support […]
The Australian dollar experienced a bit of a stumble as the latest jobs report fell short of expectations, resulting in an uptick in the unemployment rate. This unexpected turn of events might provide some respite from soaring prices and could potentially dissuade the Reserve Bank of Australia (RBA) from considering an interest rate hike in […]
The AUD/USD pair caught a fresh bid in the Asian session today, retesting the highly coveted 0.6700 level. And today, the Aussie dollar gained some muscle against the greenback with the help of better-than-forecast retail sales figures. The preliminary MoM retail sales data came in at 0.2%, exceeding analysts’ predictions of 0.1%. However, the numbers […]
Sellers’ momentum may increase AUDUSD Price Analysis – 08 March AUDUSD may drop below the $0.65, $0.63, and $0.62 support levels if sellers are successful in holding the $0.66 resistance level. When buyers get more momentum, the resistance level of $0.66 might be broken higher, and the price might then increase as a result of […]
Buyers’ momentum is increasing AUDUSD Price Analysis – 09 February AUDUSD may fall to the $0.68, $0.66, and $0.65 support levels if sellers are successful in holding the $0.70 resistance level. When buyers get additional momentum, the resistance level of $0.70 might be broken higher, and the upward momentum might then push the price […]
Buyers’ momentum is increasing AUDUSD Price Analysis – 01 February The resistance level of $0.71 may be broken higher when buyers gain more traction, and the upward momentum may then carry AUDUSD to levels of $0.72 and $0.73. If sellers are able to hold the $0.71 resistance level, the price may drop to the $0.70, […]
Last week, the Australian Dollar (AUD) surged higher as the US dollar buckled beneath the weight of the market’s expectations for a less aggressive Federal Reserve. The likelihood of China coming back online to assist the global economy caused risk asset sentiment to soar. Industrial metal prices increased, supporting the Australian dollar even more. Strong […]
