AUD/USD bears stay in control into daily support but correction in sight. Central banks are the focus and FOMC minutes will be key. AUSD/USD ended the day on Friday 0.67% lower falling from a high of 0.7291 to a low of 0.7227. The US dollar climbed Friday as investors sought safe havens in fear of covid contagion. Austria said it
AUD/USD bulls are taking on the 38.2% Fibonacci for the open with prospects to 0.7380. A light calendar leaves the drivers with US and China markets. At 0.7327, AUD/USD ended the day on Friday higher by some 0.57% and had traveled from a low of 0.7276 reaching a high of 0.7335 by the North American
AUD/USD is sidelined as markets ditch the hawkish theme leaving global yields on the backfoot. Higher yielders in forex have suffered in recent sessions which now leaves AUD hanging in the balance of risk sentiment for the open. AUD/USD awaits the next domestic catalyst in Aussie jobs data Nov 11. AUD/USD ended the week sharply
AUD/USD is on the verge of a downside continuation for the open. Trendline support is under pressure. The RBA and Fed are the main highlights for the week ahead along with US jobs. For the open, Chinese data will be taken into consideration. AUD/USD ended the day around 0.3% lower on Friday following a sharp
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