AUD/USD (Australian dollar/US dollar)

The Aussie dollar has rallied a bit during the trading week but continues to trade in the same range that is been in over the last several weeks.

The Aussie dollar initially tried to rally toward the 50-Day EMA during the session on Friday but gave back gains rather quickly to show signs of weakness.

The index is down 1.3% year to date, extending a 7.7% fall in the fourth quarter of 2022. The turmoil in the U.S. banking sector, primarily, has resulted in traders reassessing their view of future Federal Reserve moves, and now see U.S. interest rates as close to peaking which would erode the dollar's yield advantage. The Fed's favorite gauge of inflation, the core PCE price index, is due later in the session, and is expected to show that the index, which strips out energy and food prices, will rise 0.4% from the prior month and 4.7% for the year through February.

The Australian dollar has gone back and forth during the trading session on Thursday as we continue to see the 0.67 level cause headaches for bulls.

By Ambar Warrick

The Australian dollar has pulled back from the crucial 0.67 level, an area that has been important more than once.

Risk-sensitive AUD/USD fell 0.4% to 0.6680 after softer-than-expected inflation data for February, USD/JPY rose 0.8% to 131.93, with the safe haven yen hit hard, while USD/CNY rose 0.2% to 6.8895, heading back towards the keenly-watched 7 level amid uncertainty over the strength of the Chinese economic rebound this year.

By Ambar Warrick

The Australian dollar has rallied a bit during the trading session on Tuesday but gave back gains as we approached the 0.67 level yet again.

By Ambar Warrick

The Australian dollar has done very little during the Monday trading session as it looks like we are still trying to figure out what to do with ourselves from a longer-term standpoint.

The Australian dollar has had a choppy week yet again, as we continue to dance around the 0.67 level.

The Australian dollar has fallen a bit during the trading session on Friday, showing signs of negativity. After all, the Australian dollar has been choppy and hesitant for a while.

AUD/USD traded 0.1% higher at 0.6691, USD/JPY fell 0.4% to 130.26, while USD/CNY rose 0.4% to 6.8487.

The Australian dollar initially rallied during the trading session on Thursday to test the same consolidation area where we have seen a lot of noise previously.

The Australian dollar has rallied slightly during the trading session on Wednesday, as we continue to pay close attention to the 0.68 level.

The Australian dollar has pulled back a bit during the trading session on Tuesday, as the 0.67 level continues to be a major resistance barrier.

By Ambar Warrick

The Australian dollar has gone back and forth during the trading session on Monday, as we are testing the crucial 0.67 level.

The Australian dollar has rallied a bit during the trading week to finally break above the 0.67 level.