AUDUSD Price Analysis – August 24 Ability to break down the support level of $0.683 level may lead to price declination towards the support level of $0.674, and $0.600. The closing of daily candle above $0.698 level by the bulls may push the price to test the resistance levels of $0.710 and $0.717. AUD/USD Market […]
AUDJPY Analysis – August 8 AUDJPY sellers are opposing the buying tendency across the market. The buying moment across the AUDJPY shows that there has been recent opposition by the sell traders. Traders across the AUDJPY market already expected buying orders to begin to overwhelm the price. However, there have been several pullbacks, holding the […]
AUDJPY Analysis – August 1 AUDJPY downtrend movement aims to hit the lower channel boundary. The AUDJPY strength has never been in doubt recently as the sellers have been engaging in price action towards the lower trend line. This implies that we should anticipate a downward motion, and the price will certainly break through the […]
AUDJPY Price Analysis: July 17 AUDJPY buyers have more prospects to swing price to 96.740 key level. However, this is due to buyers’ ability to currently influence the overall price tendency. After several bearish scenes, the buy traders have staged up the market action to project back to the 96.740 key zone. The daily chart […]
AUDUSD Price Analysis – July 20 Ability to break up the resistance level of $0.698 level may lead to price inclination towards the resistance level of $0.710, and $0.730. The closing of daily candle below $0.683 level by the bears may push the price to test the support levels of $0.674 and $0.600. AUD/USD Market […]
AUDUSD Price Analysis – July 13 The closing of daily candle below $0.670 level by the bears may push the price to test the support levels of $0.600 and $0.580. Ability to break up the resistance level of $0.683 level may lead to price inclination towards the resistance level of $0.698, and $0.710. AUD/USD Market […]
AUDJPY Price Analysis- July 11 AUDJPY price momentum ceases as consolidation plays out. The price momentum has been around the 0.00 signal level on the momentum indicator strength. This, however, shows that the market prospect has caused several setbacks. Both prospects have been unwilling to cause a change in the direction of the market’s tendency. […]
The Australian dollar surrendered early gains on Tuesday after the Reserve Bank of Australia (RBA) announced an expected 50 basis-points (bps) rate hike in the Australian session on Tuesday. Expectations of a Solid Australian Dollar Comeback Cut Short Analysts and traders had predicted a second consecutive 50 bps rate hike from the RBA. However, the […]
Despite the stock market regaining some level of stability, the Australian dollar, Kiwi, and Loonie currently exhibit notable weakness, as the AUD/USD falls to the 0.6870 area. This weakness comes as a commodity and energy prices drop amid recession fears, dragging the commodity-based currencies lower. Copper currently trades at its lowest level since March 2021, […]
