Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
GBP/USD remains range-bound near 1.27-1.28 amid mixed UK economic data and hawkish Fed signals. Weighing softer UK consumer confidence, steady inflation, and strong wages against US tightening, the pair’s near-term direction hinges on central bank cues and geopolitical developments. Traders watch key support and resistance for breakout potential.
ASX poised for gains as Powell’s comments ease fears of aggressive Fed tightening. Wall Street surged with tech stocks leading the rally after Powell highlighted progress against inflation and a flexible, data-driven approach. Australian markets look set to open strongly amid optimism over earnings and commodity prices. #ASX #Fed #Markets
AUD/USD holds critical support near 0.6500, continuing a phase of consolidation within a defined range between 0.6504 and 0.6630. Technical indicators suggest sideways momentum persists, while traders watch for a breakout driven by economic data and interest rate expectations from Australia and the US. A break below 0.6460 may accelerate losses; above 0.6630 could target 0.6700. #Forex #AUDUSD #CurrencyAnalysis
AUD/USD traded in a defined range last week as investors digested mixed signals from the RBA and Fed, alongside shifting risk sentiment. Key support at 0.6575 and resistance near 0.6713 mark this consolidation zone. A decisive break beyond these levels could set the stage for the next directional move. Stay tuned for developments impacting the pair’s trajectory. #Forex #AUDUSD #MarketOutlook
AUD/USD is holding within a short-term range between 0.6595 and 0.6689, reflecting market indecision amid key economic data. Despite minor recoveries, the broader downtrend remains intact, with lower highs and lows signaling continued bearish pressure. Watch support at 0.6595 closely—breaking below could open the door to deeper declines. Resistance around 0.6690 caps upside attempts for now.
AUD/USD showed strong bullish momentum last week, breaking key resistance at 0.6713 and closing above it amid US Dollar weakness and improved risk sentiment. Short-term support lies near 0.6690–0.6700, with resistance around 0.6800. A sustained break above this level could target 0.6870–0.6900. Monitor for potential corrective pullbacks as the pair digests recent gains. #ForexAnalysis #AUDUSD
AUD/USD remains in a delicate balance this week, holding above 0.6600 support but facing resistance near 0.6700 amid mixed signals from Fed and RBA policy views. Key technical levels suggest bullish bias if 0.6586 support sustains, while risk sentiment and China’s outlook continue to influence price direction. Stay tuned for shifts around these pivotal zones. Analysis by ActionForex.com.
AUD/USD remains under pressure as bearish momentum continues, with support near 0.6570 critical to watch. Technical indicators suggest a potential short-term pause or rebound, but the dominant downtrend, driven by a strong USD and cautious RBA stance, limits upside. Key resistance stands around 0.6715, failure to break above may extend losses. Traders should monitor US economic data and risk sentiment for directional cues this week.
AUD/USD ended last week in consolidation between 0.6580 and 0.6680 after recent declines. Short-term rebound possible amid oversold conditions, but key resistance near 0.6713-0.6760 must be cleared to shift momentum. Overall bearish trend remains intact, supported by weak Chinese data and strong USD. Watch 0.6627 weekly pivot closely for next directional cues. Analysis based on ActionForex report plus additional research.
AUD/USD remains in a consolidation phase this week, facing resistance near 0.6680 and support around 0.6570. The pair trades within a broader sideways channel since early 2024, with key moving averages offering dynamic levels to watch. Momentum indicators signal indecision as market participants digest mixed risk sentiment and economic data. Traders should monitor a clear break above 0.6700 for bullish continuation or a dip below 0.6550 to confirm downside risks. Comprehensive analysis by ActionForex.com highlights cautious positioning amid ongoing macro uncertainties.
