Sat, May 18, 2024

AUD trading

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Resistance at 0.65, Support at 0.64 Amid Volatility

Quick Look: AUD/USD resistance at 0.65, support at 0.64, with fluctuations influenced by economic indicators and Federal Reserve policies. Traders remain cautious, eyeing upcoming US economic data releases; sentiment leans towards modest gains with potential slow declines. Focus on short-term trades, buying on dips, and taking profits near resistance, especially with anticipated market moves in …

AUD/USD Resistance at 0.65, Support at 0.64 Amid Volatility Read More »

NZD/USD - New Zealand dollar bills.

NZD Falls to 0.6000 USD Amid Weakening Economic Indicators

Quick Look: The NZD/USD current rate is 0.6000 amid bearish trends, weakening domestic indicators, and strong US data. Reserve Bank of New Zealand hints at a possible rate cut 2024 due to declining inflation expectations. Technical analysis shows NZD/USD nearing critical support, with potential deeper lows if current levels break. The New Zealand Dollar (NZD) …

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Wibest – Australian Money: Australian dollar (AUD) coins and the Australian flag behind.

AUD/USD Hits 0.6624, Eyes on RBA’s Next Moves

Quick Look: AUD/USD resilient, testing key resistance levels; support found at 0.6520. Recent gains are fueled by a weak USD and positive commodity prices. Market focus on upcoming RBA decision, with expectations of maintaining current rates. The AUD/USD pair has been on an interesting trajectory, closing at a current price of 0.6624. The pair has …

AUD/USD Hits 0.6624, Eyes on RBA’s Next Moves Read More »

Wibest – GBP AUD: A close up of a hundred Australian dollar bill.

AUD/USD Outlook: Technical Indicators Signal Bullish Reversal

Quick Look: As suggested by indicators like Bullish Hammer and Dragonfly Doji, AUD is shifting to a bullish sentiment against USD. The Australian inflation report and Chinese market movements could drive AUD volatility. Recommendation for a long position on AUD/USD, with technical and economic backing for potential gains. The AUD/USD exchange rate has identified a …

AUD/USD Outlook: Technical Indicators Signal Bullish Reversal Read More »

Wibest – the aud: Austalian dollar bills.

AUD/USD: Critical Events to Drive Weekly Dynamics

Quick Look: The People’s Bank of China will likely maintain key rates; any changes could influence AUD significantly.  AUD/USD shows bearish trends; key resistance is $0.64582, and support is $0.62713. Australian and US inflation figures due this week could heavily impact market expectations and Fed rate decisions. This week, financial markets are at the edge …

AUD/USD: Critical Events to Drive Weekly Dynamics Read More »

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Hits 2024 Low; Key Support at 0.6443

Quick Look: AUD/USD hits 2024 lows, finding support at 0.6443, with eyes on further drops. Central banks’ moves and economic policies in the US and China drive the currency trends. US retail sales and Chinese economic reports, including Q1 GDP, shape market sentiment. Bearish patterns dominate the pair, suggesting potential continued declines. The Australian Dollar …

AUD/USD Hits 2024 Low; Key Support at 0.6443 Read More »

AUD - Dollar, Economy and First recession in nearly 30 years

AUD Surges: Economic Optimism & Fed Insights Propel Rise

Quick Look: AUD gains against US Dollar amid economic optimism and ahead of US Initial Jobless Claims. Economic indicators show Australia’s robust economic performance, with services and composite PMI rising. US shows mixed economic signals; Fed officials signal readiness for rate adjustments. China’s Services PMI improvement suggests a stable recovery, affecting Australia positively. Aussie trades …

AUD Surges: Economic Optimism & Fed Insights Propel Rise Read More »

Wibest – the aud: Austalian dollar bills.

Australian Dollar’s Turbulent Trade: USD And JPY Market Analysis

Quick Look: The Australian Dollar consolidates against the USD and finds support at 0.6450. Global risk appetite influences AUD’s strength against USD. AUD/JPY sees a modest increase, with resistance at Tenkan-Sen, 100.50, and 101.00. As of Tuesday, the AUD/USD pair entered a consolidation phase, experiencing a slight rally during the session. The currency found major …

Australian Dollar’s Turbulent Trade: USD And JPY Market Analysis Read More »

Wibest – the aud: Austalian dollar bills.

AUD Market Analysis: Key Trends & Numbers

Quick Look: AUD/USD is close to crucial support, hinting at possible further declines or a bullish reversal. EUR/USD approaches a support zone, with its future direction depending on its resilience. GBP/USD’s fluctuations around its SMA indicate uncertainty in its next movement direction. EUR/AUD maintains a neutral to cautiously bullish outlook, influenced by iron ore prices …

AUD Market Analysis: Key Trends & Numbers Read More »

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Edges Up 0.16% Amid Global Economic Signals

Quick Look: The AUD/USD pair currently nears 0.6525, with a 0.16% increase daily. Mixed signals from global economies, with the US PCE and Chinese PMI figures standing out. Federal Reserve’s Jerome Powell hints at potential rate cuts, stirring market expectations. The Australian to US Dollar (AUD/USD) exchange rate has shown notable movement. Currently, it is positioned …

AUD/USD Edges Up 0.16% Amid Global Economic Signals Read More »

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Rises 0.41% Amid Economic Uncertainty

Quick Look: AUD/USD  current exchange rate at 0.6539, marking a +0.41% gain on Monday. Positioned below the 200-DMA, indicating a cautious outlook. Investor sentiment sways between global economic events and central bank decisions. The AUD/USD exchange rate notched a modest gain of +0.41% on Monday as the pair settled at 0.6539. Although seemingly minor, this …

AUD/USD Rises 0.41% Amid Economic Uncertainty Read More »

Wibest – Australian Money: Australian dollar bills.

Australian Dollar: Unemployment Hits 3.7%, 116.5k Jobs Added

Quick Look: Unemployment rate decreased to 3.7% from 4%, dipping below the 12-month average. AUD/USD rate surpassed 66 cents, aiming for the 0.6650/60 zone. Australian 3-year bond yield saw up to a 9 basis point drop. An expected job addition of 40,000 could lower unemployment to 4.0%. Australia’s employment landscape has recently presented compelling evidence …

Australian Dollar: Unemployment Hits 3.7%, 116.5k Jobs Added Read More »

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

2024 AUD/USD: Rebounds Above 0.6800 Amid Trade Strength

Quick Look AUD/USD is currently above 0.6800, showcasing a strong position. Powell’s testimony hinted at potential interest rate cuts that could bolster the AUD/USD pair. Trade data indicates robust exports, contributing to the boost in the Australian dollar. High gold prices support the currency’s appreciation. Technical analysis suggests a cautious outlook with the potential for …

2024 AUD/USD: Rebounds Above 0.6800 Amid Trade Strength Read More »