Tue, May 21, 2024

AUD/USD

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 »

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 »

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 »

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 »

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 »

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 »

Yen Rises, While the Australian Dollar and Yuan Struggle

Australian Dollar Rate Rises as RBA Decision Looms

The Australian dollar exchange rate has recently experienced a notable rebound, climbing steadily against the USD for the third consecutive day. Investor focus now shifts to the upcoming monetary policy decision by the Reserve Bank of Australia (RBA), scheduled for Tuesday. The central question is whether the RBA will increase its key rate by 25 …

Australian Dollar Rate Rises as RBA Decision Looms Read More »

dollar, Weekly Market Overview: Forex, Stocks, Crypto, Commodities

Forex Trading Day: USD/CAD And AUD/USD Analysis

During the latest forex trading day, there have been notable movements in major currency pairs, drawing significant attention to the USD/CAD and AUD/USD. The exchange rates of these pairs have experienced fluctuations influenced by recent economic data and global factors. In this article, we will delve into the most recent developments in the forex market, …

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