Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
EUR/USD slid below 1.1700 amid escalating US-China tariff concerns, pushing the US dollar to a two-week high. Rising trade tensions have driven risk aversion, with investors favoring the dollar amid expectations of tighter Fed policy. Report by Eren Sengezer for FXStreet; insights from Reuters and Bloomberg.
The EUR/USD dropped below 1.1700 amid rising tariff tensions, pushing the US Dollar to a two-week high. Trade concerns have heightened safe-haven demand for the dollar, while uncertainty weighs on the euro and Eurozone economic outlook. Market focus remains on potential tariff escalations and their impact on global trade and currencies.
EUR/USD slipped below 1.1700 as renewed tariff fears fueled safe-haven demand for the US dollar, pushing it to a two-week high. Rising trade tensions, particularly US-China tariff concerns, weighed on the euro amid soft Eurozone data and expectations of tighter Fed policy. Traders remain cautious amid growing uncertainty.
AUD/USD ended the week with modest gains after breaking short-term resistance but stalled near 0.6700, facing selling pressure. Supportive factors include a dovish Fed tone, firmer commodity prices—especially iron ore—and cautious risk sentiment. The RBA’s steady rates and signs of slowing US tightening suggest limited USD upside ahead. Watch for a break above 0.6720 to confirm bullish momentum; otherwise, consolidation or pullback remains possible. Traders should monitor Chinese economic data and global risk appetite as key drivers in the coming week. #ForexAnalysis #AUDUSD #FXTrading
AUD/USD showed consolidation this week, trading between support at 0.6576 and resistance near 0.6702 amid subdued volatility. Technicals highlight a neutral RSI and indecisive MACD, with key levels to watch: support at 0.6524 and resistance at 0.6713. Fundamental factors—including Australian economic data and US rate outlook—will be pivotal in breaking this range and setting the next directional bias. Traders should watch for a decisive move to clarify the medium-term trend.
#AUDUSD #Forex #TechnicalAnalysis
AUD/USD held above key support near 0.6570 last week, but upside remains capped below 0.6700 amid cautious central bank signals. The Reserve Bank of Australia’s steady hawkish tone contrasts with the Fed’s patient stance, while commodity rebounds support the Aussie. Technicals show limited momentum to challenge medium-term resistance around 0.6738. Watch for a break below support or a sustained move above 0.6720 to signal next directional bias.
AUD/USD showed mixed action last week, testing resistance near 0.6700 but unable to sustain a break higher. Key supports at 0.6586 and 0.6462 remain intact, while momentum indicators signal a critical pivot. Monitoring RBA policy and U.S. inflation data will be essential as the pair seeks directional clarity.
Certainly, the AUD/USD pair is showing signs of short-term stabilization after recent declines, with support holding near 0.6600. However, overall bearish momentum persists as resistance around 0.6780 to 0.6840 remains intact. Traders should watch key technical levels closely as broader economic factors continue to influence the Aussie dollar’s trajectory. For detailed analysis, consult reports from ActionForex, DailyFX, Investing.com, and FXStreet.
AUD/USD remains range-bound after rebounding from May lows, struggling to decisively break resistance near 0.6700 amid mixed sentiment on US rates and China’s economic outlook. Momentum is flat with key support at 0.6580 and resistance around 0.6703. Traders should watch Federal Reserve signals and Australian data for clues on the next directional move. Original analysis courtesy of ActionForex, with supplementary insights from DailyFX and ForexLive.
Global central banks trimmed holdings of the Japanese yen and Australian dollar significantly in Q1 2024, according to MUFG. This shift reflects changing confidence and portfolio rebalancing amid evolving economic and monetary conditions. Meanwhile, the US dollar’s share of official reserves increased, highlighting its continued dominance.
