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, […]
AUDUSD Price Analysis – June 22 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 […]
AUDUSD Price Analysis – June 15 Ability to break down the support level of $0.69 level may lead to price decline towards the support level of $0.66 and $0.65. The closing of daily candle above $0.69 level by the bulls may push the price to test the resistance levels of $0.70 and $0.71. AUD/USD Market […]
AUD/USD gets to lower price levels around 0.7030, after its renews its 3-weeks low. Bad news from China combined with risk-avoiding moves supported the downward forces. This caused the AUD/USD to drop for 4-days straight. However, the AUD/USD pairs risk gauge losses can be related to rising anxieties of rising US inflation and aggression of […]
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 […]
