AUD/USD Current Price: 0.7414 Firmer gold prices and rallying equities boosted the AUD/USD pair. Australia lost 138,000 job positions in September, worse than anticipated. AUD/USD is technically bullish and could approach the 0.7500 level. The AUD/USD pair trades in the 0.7410 price zone after topping at 0.7426, its highest in over a month. The positive tone of equities and firmer gold prices underpinned the aussie, despite local data missed the market’s expectations. Equities rallied on the bac
The Australian dollar has rallied significantly during the course of the trading week to reach towards the 50 week EMA. At this point, the market looks as if it is trying to break out but on the daily chart, we are showing signs of hesitation.
The AUD/USD pair could drop below the 0.7400 psychological level as the Aussie loses steam and the greenback starts recovering.
The Australian dollar has rallied a bit during the trading session on Friday to reach towards the 200 day EMA yet again. By doing so, it looks as if the market is trying to run out of momentum at a major indicator.
It’s a relatively busy day on the economic calendar, with stats from the Eurozone and Canada in focus. U.S retail sales and consumer sentiment will be key, however.
The direction of the AUD/USD early Friday is likely to be determined by trader reaction to .7416.
The AUD/USD pair could head towards the 0.7478 level in the coming trading sessions if the Aussie maintains its strong buying interest and the greenback continues to underperform.
AUD/USD Current Price: 0.7374 Australia is expected to have lost 137.1K job positions in September. Plummeting US Treasury yields undermined demand for the American currency. AUD/USD is technically bullish but needs to overcome 0.7410 resistance. The AUD/USD pair resumed its advance and trades near the weekly high set at 0.7384, helped by the broad greenback’s weakness and substantial gains in gold prices. The American currency fell alongside government bond yields, which remained depressed foll
The Australian dollar has rallied during the course of the trading session on Thursday to go looking above the 0.74 level. At this point, it looks like we are going to challenge the 200 day EMA.
Aussie futures traders are almost fully priced for a hike in the 0.1% cash rate by October 2022, but the RBA stands by its 2024 timeline.
By Geoffrey Smith
It’s a quieter day ahead on the economic calendar. Early this morning, inflation figures from China will draw attention ahead of U.S jobless claims later in the day.
By Sam Boughedda
AUD/USD Current Price: 0.7354 Chinese financial debacle is being exacerbated by widespread power cuts. NAB’s Business Confidence unexpectedly improved to 13 in September. AUD/USD holds on to gains near a critical Fibonacci resistance level. The AUD/USD pair is marginally higher on a daily basis, after hitting a fresh weekly high of 0.7385. In the absence of macroeconomic catalysts, the pair kept trading alongside stocks, which reflects the market’s sentiment. Stocks edged lower in Asia and Europ
The Australian dollar initially tried to rally during the trading session on Wednesday but gave back gains yet again as we continue to see a bit of hesitation at this point.
The AUD/USD pair has dropped below the 0.7350 level as investors wait for the inflation figures in the United States and other crucial information from the FOMC minutes.
By Sam Boughedda
The AUD/USD pair finally broke past the 0.7350 level to set a new daily high of 0.7385 before slightly retreating to the 0.7360 region ahead of the US JOLTS Job Opening data
AUD/USD Current Price: 0.7354 Australian September NAB’s Business Confidence on Tuesday is foreseen at -6. Soaring copper prices provided support to the aussie, as the metal added 0.7%. AUD/USD is technically bullish buy may correct lower before resuming its advance. The AUD/USD pair extended gains to a fresh 4-week high of 0.7372, currently trading in the 0.7350 price zone. The pair has peaked during US trading hours, amid Wall Street opening with gains. As stocks change course, so did the pair
The Australian dollar has rallied yet again during the trading session on Tuesday, as it looks like the market is doing everything it can to reach towards the 0.74 handle.