The AUD/USD pair is experiencing its second consecutive day of depression as it approaches an intraday low of 0.6730 during the early European session on Wednesday. The pair is reversing the corrective bounce induced by Reserve Bank of Australia (RBA) Governor Philip Lowe, while poking the 200-bar Exponential Moving Average.
The Australian dollar (AUD) ended March on a weaker note against the US dollar (USD), falling to around 0.7620 by the end of the month. This represented a modest decline from its mid-March levels of around 0.7800. The AUD has been under pressure due to several factors, including rising US.
The AUD/USD pair has witnessed a sharp rebound from its four-day low of around 0.6650, as it continues to build on its solid intraday recovery during the mid-European session. Spot prices have spiked to the 0.6760 area, which represents a nearly one-month high in the last hour. Bulls are making.
The Australian dollar has come under pressure in recent weeks as the US dollar has strengthened. The AUD/USD pair has fallen from around 0.80 in early February to around 0.75 in early April. The strength of the US dollar has been the main driver of this move, as the currency.
Introduction The Australian dollar (AUD) retraced from its weekly high against the American dollar (USD) due to the latter’s recovery from weekly, monthly, and quarter-end flows. As a result, the AUD/USD is trading below its opening price by 0.43%. Meanwhile, Wall Street is set to finish the week with gains,.
The AUD/USD pair retreated sharply after reaching over a one-week high, touching the 0.6735-0.6740 region on Friday. The spot prices then continued to drop through the first half of the European session, hitting a fresh daily low of 0.6670 in the last hour. The AUD/USD pair is a popular currency.
The AUD/USD pair has attracted fresh buying near the 0.6660 area on Thursday, gaining momentum during the early part of the European session. Buyers remained active, leading to a steady intraday ascent to a one-week high of around the 0.6820 region in the last hour. However, meaningful upside still seems.
The AUD/USD pair is a major currency pair that tracks the exchange rate between the Australian dollar (AUD) and the United States dollar (USD). The pair is widely traded in the foreign exchange market and is affected by a variety of economic and political factors. On Wednesday, the AUD/USD pair.
Introduction: The AUD/USD pair has been in focus for traders and investors alike as it remains subdued and lacks a clear direction. The pair has been trading within a narrow band around mid-0.6600s, with spot prices hovering around a one-week low touched on Friday. Technical pressure has been weighing on.
Introduction: The AUD/USD currency pair has been in focus among traders and investors due to its recent performance. The pair has failed to remain above the key support level of 0.6660, according to the economists at OCBC Bank. This could indicate further downside for the currency pair. In this article,.
Economists at OCBC Bank suggest that AUD/USD has breached its support level of 0.6660 and may experience further downward pressure, with potential implications for investors and traders. AUD/USD breaks key support level, pointing to potential downside Economists at OCBC Bank have reported that the AUD/USD pair has fallen below a.
Introduction: The AUD/USD pair surged to the highest level in nearly two weeks after the Federal Reserve hiked rates by 25 bps, as expected. However, the central bank surprised markets with a more dovish tone than anticipated, leading analysts at Rabobank to lower their forecast for the target range of.