After a year in which it was pushed lower by abrasive interest rate increases everywhere, economic limits in China, and concerns for global growth, the Australian dollar ended 2022 with a 7% annual decline, its largest since 2018. Another risky currency, the New Zealand dollar, ended the year 7.5% lower than it started, which would […]
Tuesday’s holiday-weakened trading saw the Australian dollar (AUD) rise to about $0.675; China’s announcement that it will abolish quarantine rules for incoming tourists beginning on January 8 symbolized the end of its “zero-Covid” policy and boosted market sentiment. Australian Dollar Comes On Top The resumption of China’s outward visa issuance on January 8 made the […]
Buyers’ momentum may further increase AUDUSD Price Analysis – 21 December When buyers gain more momentum, the resistance level of $0.68 may be broken upside, and the bullish momentum may extend to the $0.70 and $0.72 levels. In case sellers defend the resistance level of $0.68, AUDUSD may decline to the support levels at $0.66, […]
Last week, the Australian Dollar (AUD) suffered as a result of the US Dollar’s (USD) spectacular surge in response to growing recessionary concerns. Last Wednesday, the Federal Reserve raised its target range by 50 basis points to 4.25%–4.50%. Despite a slightly softer US CPI the day before, the shift was generally predicted. Despite a 64K […]
Buyers’ momentum may increase AUDUSD Price Analysis – 08 December In case buyers gain more momentum, the resistance level of $0.68 may not hold and the price may increase to the resistance level of $0.70, and $0.71. When sellers oppose buyers at the $0.68 level, AUDUSD may decrease to the support levels at $0.66, $0.65, […]
On Tuesday, the Australian dollar (AUD) recovered as sentiment climbed on expectations that China will reopen following COVID shutdowns that have heightened concerns about global development. In contrast, the US dollar (USD) fell slightly across the board today. Health officials in China said on Tuesday that they would speed up the COVID-19 immunization program for […]
On Tuesday, the Australian dollar (AUD) recovered from recent severe declines by gaining ground against the Chinese yuan (CNY), while the New Zealand dollar (NZD) is expected to experience an additional boost from its central bank’s likely first-ever major rate hike. The Australian dollar, which is frequently used as a liquid substitute for the Chinese […]
AUDJPY Analysis – October 3rd AUDJPY sellers seek long-term projections as traders are positioned for more selling moments. The sellers have been making a substantial movement downward as selling pressure is still causing a major spill in price in the current phase. There has been a consistent sell trend back into the consolidation zone following […]
AUDJPY Analysis – 15th August AUDJPY buyers are ready for a more bullish hike above the 95.750 key zone. The market is presently held down by the buy traders, so more buying activity is therefore expected to play out. The recent price action on the AUDJPY has confirmed further bullish movement. The buy traders have […]
