AUD/USD is moving powerfully towards the weekly price level of 0.7127. This is because of the correction of risk-on stimuli, and the USD is losing its hold once more. AUD/USD regained all its in-day losses, and its expected to record more gains in today’s trading sessions. The strengthening of the Australian dollar started after the […]
AUDJPY Analysis – May 23 AUDJPY converts the 91.120 significant level into a bearish springboard as the market prepares to drop. Since attaining a level above this 91.120 critical level, buyers have been limited in their actions. The plan among the market investors is to leverage this level to hold off the sellers, but they […]
AUDUSD Price Analysis – April 13 Ability to break down the support level of $0.731 level may lead to price declination towards the support level of $0.717, and $0.710. The breaking up of $0.745 level by the bulls may push the price to test the resistance level of $0.755 and $0.766. AUD/USD Market Key levels: […]
In its recently concluded policy meeting, the Reserve Bank of Australia (RBA) decided to leave its interest rates unchanged at 0.1%. The bank also mentioned the rising inflation and noted that the trend could continue in the mid-term as unemployment dropped to a worse-than-expected 4%. RBA Governor Philip Lowe noted in the statement: “Over coming […]
AUDUSD Price Analysis – March 30 The breaking up of $0.755 level by the bulls may push the price to test the resistance level of $0.763 and $0.770. Failure to break up the $0.755 level may lead to price reversal movement towards the support level of $0.745, $0.731 and $0.717. AUD/USD Market Key levels: Resistance […]
The AUD/USD pair minted a new one-week high at 0.7320 in the Asian session on Thursday on the back of upbeat Australian jobs report for February. Also, headlines from warring Ukraine and China extended positive sentiments for the risk-loving Aussie. Fresh reports showed that Australia’s Unemployment Rate dropped by 10 basis points (bps) to 4% […]
The AUD/USD pair ended last week on a bearish note, as it plummeted to the 0.7282 low. The risk-loving Aussie managed to print a new 2022 high at 0.7441 last Sunday against the dollar but has fallen into a bearish pattern since. That said, the AUD appears to have fared positively with the risk-off market […]
AUDUSD Price Analysis – March 09 The bullish breakup of the $0.745 resistance level will push the price to $0.755, further bullish pressure increase will increase the price to $0.777 level. Downward movement of the price will face support levels at $0.731, $0.717 and $0.710. AUD/USD Market Key levels: Resistance levels: $0.745, $0.755, $0.77 Support […]
AUDUSD Price Analysis – February 24 The bearish breakdown of the $0.710 support levels will sink the price to $0.698, further bearish pressure increase will decrease the price to $0.683 levels. Above the current price level are resistance levels of $0.717, $0.731 and $0.745. AUD/USD Market Key levels: Resistance levels: $0.717, $0.731, $0.745 Support levels: […]
