AUD/USD

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 »

Quick Look AUD/USD trades below its 50-day SMA of 0.6598, hinting at a negative trend. Remains within the February range, facing difficulties in sustaining gains from the yearly low. China’s 5% growth target for 2024 fails to uplift AUD despite being Australia’s largest trade partner. Australian GDP is expected to grow by 0.3% in Q4 …

AUD Struggles Amid Global and Domestic Signals Read More »

The AUD/USD edged higher. In the process, it moved up to retest its 50% midpoint of the fall from the October high at 0.72736. The AUD/USD edged higher on Friday while moving up to retest its 50% midpoint. The high price reached was 0.72768. The falling 100-day moving average currently at 0.72847 helped to slow …

Forex: AUD/USD tests the 100 bar MA on a 4-hour chart Read More »

The AUD/USD pair experienced low levels in the previous week. The trend resumes this week, while most retail investors take off preparing for 2022. With no primary economic data expected, the focus will stay on the continuing trends in coronavirus cases. Recent data shows that new coronavirus cases are growing in Australia and the United …

AUD/USD Forex Signal, COVID Cases in Focus Read More »

After the U.S. consumer prices increased, the Australian Dollar gained some ground against the U.S. Dollar on Friday. It happened in line with expectations in the previous month as investors bet that the actual number might not change the speed of interest rate hikes. Those were investors who had been expecting considerably higher inflation. The …

Technical Analysis of AUD/USD Forex  Read More »