Fri, September 20, 2024

AUD/USD

Wibest – Australian Dollar: The AUD/USD sign on a trading trading chart with a green arrow pointing upward.

AUD/USD Testing Key Support Levels Amid Economic Concerns

Quick Look: Renewed downside for AUD/USD due to the strong USD outlook and key economic events. Immediate support at 0.6574, 0.6557; resistance at 0.6615, 0.6698, 0.6709; pivotal 0.6600 level tested. Bearish short-term for AUD/USD; possible decline towards 200-day SMA of 0.6539. RSI around 40 on the 4-hour chart indicates further downside potential. The Australian Dollar …

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Euro and Aussie Declined. What About the U.S. Dollar?

AUD/USD at 0.6693 Amid Weak US Data and Yield Drops

Quick Look: AUD/USD Performance: AUD strengthens to 0.6693 amid weaker US business activity and falling Treasury yields. Economic Indicators: US ISM Manufacturing PMI drops to 48.7; S&P Global PMI rises to 51.3. Key Influences: US Treasury yields decline by 11 basis points; USD Index drops by 0.5%. The Australian Dollar (AUD) has shown resilience against …

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

Australian Dollar Steady at 0.6649 Amid Key Economic Data

Quick Look: The Australian to US Dollar pair remains steady at 0.6649 as the market awaits key economic data. Minneapolis Fed President Neel Kashkari’s comments on potential rate hikes strengthen the USD. Increased US consumer confidence and rising Treasury yields pressure the AUD/USD pair. As the Asian session begins, the AUD/USD pair holds steady at …

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

AUD/USD Daily Insight: Price Levels and Moving Averages

Quick Look: AUD/USD trading below 0.6713, with key support at 0.6578. A decline from 0.6870 to 0.6361 indicates bearish pressure. Fluctuations from a 2022 low of 0.6169 to a 2023 high of 0.7156. The AUD/USD exchange rate remains in focus as market participants navigath a period of significant uncertainty. As of the latest trading session, …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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