Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
AUD/USD slid lower today after hitting strong resistance near 0.6700-0.6710, halting its recent upward momentum. Technical signals show waning bullish pressure with key support zones now in focus around 0.6650 and 0.6610. Traders should watch for further developments as the pair tests these levels. Reporting by Adam Button, ForexLive.
AUD/USD pulls back after testing the 0.6700 resistance zone. Technical indicators show momentum fading as sellers take control near key moving averages and Fibonacci levels. Watch for support holds or further downside as traders reassess risk amid mixed market sentiment. For a full breakdown, see the detailed analysis by InvestingLive Technical Analysis Team at InvestingLive.com.
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Ahead of the FOMC decision, the US dollar shows mixed performance across EUR/USD, USD/JPY, and AUD/USD. Strong May payrolls lift the greenback in some pairs, while dovish ECB signals and BoJ policy watchers add volatility. Markets await inflation data to shape next moves.
AUD/USD is poised to push above 0.6700 as momentum builds, supported by technical signals and improving risk appetite. UOB Group highlights the importance of key support at 0.6640 and resistance at 0.6700 for confirming further gains. Stay alert for potential volatility amid global economic shifts. Analysis credit: FXStreet, UOB Group.
Australian Dollar faces key tests this week as AUD/USD reacts to the US Federal Reserve’s policy decision and Australia’s employment data release. Fed’s signaling on interest rates and RBA-relevant labor market numbers will likely drive volatility, with global risk sentiment and commodity prices also in focus. Traders stay alert for shifting dynamics shaping AUD’s near-term outlook.
The Australian dollar is navigating a challenging path amid contrasting signals from the US Federal Reserve and Australian jobs data. Fed’s hawkish stance and strong US labor figures bolster the dollar, while mixed Australian employment results introduce uncertainty. Traders should watch key support and resistance levels as risk sentiment and commodity trends continue to influence AUD/USD direction.
ASX expected to open lower as investors await the Federal Reserve’s interest rate decision. After Wall Street losses driven by inflation concerns and economic uncertainty, markets brace for potential hawkish signals from the Fed. Global risk sentiment remains cautious ahead of today’s announcement.
AUD/USD extends its bullish momentum, hitting a 47-week high near 0.6700 as the US dollar weakens amid softer economic data and eased Fed tightening expectations. Strong Australian employment and a hawkish RBA stance further bolster the Aussie’s appeal, supported by resilient commodity prices and positive risk sentiment.
AUD/USD is approaching key technical resistance near the topside trendline and November 2024 highs around 0.6800. Sustained momentum could push the pair above these levels, signaling bullish strength, while overbought indicators warn of possible short-term pullbacks. Traders will watch closely for a breakout or consolidation in the coming weeks. Analysis and extended updates by Adam Lemon.
