As China’s National Bureau of Statistics has announced the manual CPI to hit 1.5 percent the AUD/USD pair drops to 0.7430 price level. The CPI came out higher than the last one and as well the street anticipation was 0.9 and 1.2 percent. At the same time, China’s PPI(producer price index) hits 8.3 percent, which […]
The pair is moving in a sideways direction today at around 0.7480 and it is smooth during today’s Asian session. Though USD was strong, the pair managed to overcome the effect by midway into the New York session, picking up and correcting from new daily dips. How It All Happened The US stock index recovered […]
AUD/USD traces recovery largely during Asia-Pacific stocks as the pair pieces 0.7200 mark to renew in-day high during today’s Asia session. Despite these, market fears ahead of the important FOMC (Federal Open Market Committee) and indecisiveness about Russia-Ukraine faith progress fights the pair recovery activities. Prominent Factors Stimulating the Market Adding to the equity rise […]
AUD/USD warrants solid publications of China’s news of inflation data during yesterday’s Asian session. It as well favors risk gauge, and this is the latest improvement in the market sentiment. The Price Catalysts The China CPI (Consumer price index) increased above 0.8 percent as predicted to 0.9 percent previous numbers, as PPI (Producer Price Index) […]
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: […]
AUDUSD Price Analysis – January 27 AUDUSD bears take charge of the market from the 0.72370 significant level. The price has been making a frantic effort to move upward after the December 3rd, 2021 setback. The market rose above the next level at 0.71050 and can be observed to be following a channel. The subsequent […]
AUDUSD Price Analysis – January 20 AUDUSD seeks to surmount the 0.73150 as it recovers from its latest setback. The market can be seen to be zigzagging through an ascending channel, making consistently higher highs and higher lows. Price has made its first contact with the resistance level and has dropped to the lower border […]
AUD/USD penetrates an in-day low around 0.7195, down 0.25% on a day, following the release of China’s major economics during early Monday. Adding to the mixed data, risk-off state and strong USD also sinks the market’s value. Factors Affecting the Market China’s last quarter GDP increased above 0.2% before and 1.1% estimates to 1.6% QoQ […]
AUDUSD Annual Forecast – AUDUSD Is Back in Contention for Higher Price Levels The annual Forecast for AUDUSD sees it pump back up in contention for higher price levels. Having been seriously battered in the first quarter of 2020, the Australian Dollar took advantage of the COVID-19 pandemic to strengthen itself at the expense of […]
