AUD/USD bulls look to engage at daily support stricture following 50% mean reversion. The markets are weighing the RBA vs the Federal Reserve and interest rate lift-off timings. AUD/USD ended a strong performing week mixed on Friday as investors continued to unload long US dollar positions that benefited from an increase in bets that the Federal Reserve
AUD/USD is at the mercy of external factors for the week ahead. AUD/USD is on the verge of correcting from the recent rally as it starts to decelerate. The neckline of the W-formation has a confluence with both the 21-day moving average and the 61.8% golden ratio. AUD/USD is starting out flat in the open in
AUD/USD extends bounce off 0.7291 to refresh intraday high. US dollar remains on the back foot as jobs report raises doubts over Fed tapering. NSW ‘freedom day’, easing in infections keep buyers hopeful. US holiday, light calendar restricts immediate moves ahead of key Wednesday. AUD/USD takes the bids to refresh intraday high to 0.7325,
AUD/USD bears are lurking in the throes of a downside extension below 0.7220. Bulls to target 0.7280 resistance for a shot at 4-hour 200-EMA and bullish territory above 0.7300. 1:2 R/R day-trade set up below 0.7250 on the bear’s watchlist. AUD/USD ended Friday under pressure as the US dollar strengthened on both the Evergrande risks and as markets contemplate
AUD/USD under pressure on stronger US dollar ahead of Fed. Evergrande story gaining traction in markets, of risk-off open, should weigh on AUD. AUD/USD could be in for a rough ride this week depending on the markets risk appetite surrounding the implications of Evergrande. AUD/USD ended Friday bounding from the lows of the day in
AUD/USD pressured as the US dollar picks up a safe haven bid. Wall Street’s benchmarks soured on concerns for global growth and coronavirus. US CPI and Australia Employment data will be the week’s focus on the calendar AUD/USD was ending Friday offered, losing nearly 0.2% after falling from a high of 0.7409 and reaching
AUD/USD snaps four-day uptrend, prints mild losses around two-month top. Victoria reports a big jump in virus cases, fading hopes of regional unlock. China–Taiwan tensions, pre-RBA caution add to the pair’s weakness. ANZ Job Advertisements, risk catalysts are the key, US holiday can restrict moves. AUD/USD refreshes intraday low to 0.7447, down for the
AUD/USD remains subdued on the first trading day of the week. The Australian dollar losses against the greenback on a slightly upbeat market mood. US Dollar retreats from the higher levels amid risk-aversion. AUD/USD treads water in the Asian session on Monday morning. The pair continued to trade under the influence of the previous
AUD/USD marked second positive weekly closing after Friday’s mild gains, unchanged of late. US data weighed on the USD but virus woes, downbeat Aussie data probed pair buyers. Bears remain hopeful amid downbeat market sentiment, virus woes at home and abroad. China Retail Sales, Industrial Production for July become the key data to follow.
AUD/USD consolidates intraday losses near the monthly bottom. China CPI MoM, PPI YoY cross the market consensus and prior readings in July. DXY trims NFP-led gains near multi-day top amid stimulus, covid jitters. Qualitative catalysts remain the key factors to watch as bears keep the reins. AUD/USD extends rebound from monthly low to 0.7346