AUDUSD

The AUDUSD pair has been on an impressive upward trajectory. Starting from a low of 0.6349, the pair has surged to reach an impressive high of 0.6812. This substantial move reflects growing strength in the Australian Dollar against the US Dollar and has many traders questioning how much further this rally might extend. Technical Analysis:…

The Big Picture AUD/USD is currently moving within a rising price channel on the 4-hour chart. This suggests that the uptrend that began at 0.6349 is still intact. The recent pullback from the 0.6642 high looks like a temporary pause rather than a reversal. What This Means for Bulls As long as the pair stays…

On Wednesday, August 7, the Australian dollar slipped by 0.01% against the US dollar, closing at 0.6517 USD. This modest decline erased an earlier gain of 0.85%, leaving the pair essentially flat compared to the previous day’s close. The Australian dollar has been under pressure in recent days, following the Reserve Bank of Australia’s (RBA)…

On Monday, July 29, the Australian Dollar (AUD) saw a slight uptick against the US Dollar (USD), rising 0.02% to 0.6548. This move represents an attempt to recover from Friday’s low of 0.6510. Key Upcoming Event The market’s focus is now on Australia’s Q2 inflation report, scheduled for release on Wednesday. This report is crucial…

On Friday, July 19th, the Australian Dollar (AUD) faced some challenges against the US Dollar (USD): Factors Influencing the Market Risk Aversion US Treasury Yields Commodity Prices Positive Signs for the AUD Despite the recent challenges, there are some positive indicators for the AUD: Technical Analysis From the daily chart: As long as AUD/USD stays…

On Tuesday, July 16th, the AUD/USD pair experienced a 0.4% decline, closing at 0.6733. During the trading session, it touched a low of 0.6712. This drop has left many Aussie bulls concerned about the currency’s near-term prospects. Key Factors Influencing the Aussie Dollar Technical Analysis Daily Chart Outlook: Key Level to Watch: Potential Scenarios: Outlook…

On Monday, July 8th, the AUD/USD pair closed at 0.6737, down 0.18% for the day. This slight adjustment comes after the pair reached a six-month high of 0.6761 in Asian trading last Friday. Key Factors Influencing the Aussie Dollar Upcoming Events to Watch These events could potentially boost the Aussie if they reinforce expectations of…

Recent Performance On Thursday, July 4th, the AUD/USD pair continued its upward trajectory, closing 0.3% higher at 0.6727. This marks the second consecutive day of gains for the Australian dollar against the US dollar. Key Factors Driving the Trend Technical Analysis The daily chart shows promising signs for AUD bulls: Key Levels to Watch Resistance:…

The AUDUSD currency pair has been on a rollercoaster ride lately, and traders are closely monitoring its price action to decipher the next potential move. After rallying from 0.6361 to 0.6713, the pair has experienced a significant pullback, plunging as low as 0.6607. Notably, this pullback has broken through the support of a rising price…

The AUD/USD currency pair is currently facing a crucial test of the support provided by the rising price channel on the 4-hour chart. This channel has been a significant guiding force for the broader uptrend that commenced from the 0.6361 level. As long as the price respects the support of this rising channel, the recent…

The AUD/USD currency pair has recently faced resistance in its attempt to break below the support of the rising price channel on the 4-hour chart. Instead of a decisive breakdown, the pair has been moving sideways, trading within a range between 0.6557 and 0.6646. As long as the price respects the support of this rising…

The Australian dollar has witnessed a significant bullish move against the US dollar, with the AUD/USD currency pair breaking above the 0.6586 resistance level and extending its upside move from the 0.6361 low to as high as 0.6646. This rally has propelled the AUD/USD into a well-defined rising price channel on the 4-hour chart. As…