The AUD/USD currency pair has been under pressure recently as the US dollar has gained strength. Traders are keeping a close eye on the pair as it approaches the key target of 0.6650/20. In this article, we’ll take a closer look at what’s been driving the AUD/USD and what we.
Introduction The AUD/USD currency pair has recently shown signs of strength, but continues to face challenges from various resistances, notably the 0.68 level. Despite this, there are indications of potential bullishness as the currency broke above the 50-day EMA. However, as the market approaches the 200-day EMA, there may be.
The Australian dollar has been on an upward trend against the US dollar, and according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, this trend is expected to continue. The strategists predict that AUD/USD will extend its current advance and surpass the 0.6800.
The AUD/USD pair refers to the exchange rate between the Australian dollar and the US dollar. It is a popular forex currency pair that is traded by investors and traders around the world. The value of the pair is influenced by a variety of factors including economic indicators, geopolitical events,.
Introduction The AUD/USD has been on an upward trend for the third consecutive day, despite disappointing Chinese trade data for March and softer Australian consumer inflation expectations for April. However, the positive employment data release from Australia may have contributed to the pair’s steady run-up. AUD/USD Steady despite Weak Chinese.
Introduction The AUD/USD pair has shown a steady upward trend for the second successive day, maintaining stability above mid-0.6600s, as traders look forward to the release of the latest US consumer inflation figures. The current market sentiment seems to be dominated by cautious optimism, as investors speculate on the impact.
Introduction The Australian dollar (AUD) has had a difficult start to the year, with lackluster performance in Q1 and a sluggish start to Q2. According to economists at Société Générale, this trend is expected to continue, with the AUD/USD pair forecasted to remain below the key 0.70 mark. AUD Performance.
The AUD/USD pair has bounced back from a two-week low, attracting buyers near the mid-0.6600s on the first day of a new week. Spot prices, however, lack follow-through and trade with a mild positive bias, around the 0.6675-0.6680 area during the first half of the European session. The AUD/USD pair.
Introduction: The AUD/USD pair has been experiencing heavy selling pressure in recent days amidst a retracement slide from its highest level since February 24. This has led to spot prices trading around the 0.6700 round figure during the early North American session. In this article, we will explore the factors.
Introduction: On April 7, 2023, the US Dollar rose briefly against the Australian Dollar (AUD) after the release of the March US employment report. The move caused AUD/USD to fall to 0.6639, the lowest level since March 27. However, the reaction was limited due to tight volume, and the pair.
The AUD/USD currency pair bounced back on Thursday, April 7th, after paring weekly losses around the 0.6680 level. Traders were preparing for the release of the US Nonfarm Payrolls (NFP) report during the holiday-driven sluggish session on Good Friday. This was the first time in four days that the Aussie.
Introduction The AUD/USD pair is a popular currency pair in the forex market, which shows the exchange rate between the Australian dollar and the US dollar. It is also known as the Aussie-Dollar. For the past three days, the pair has been under selling pressure, and this trend is expected.