Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
AUD/USD remains range-bound after a quiet week, with key support near 0.6575 and resistance at 0.6702. Watch for a clear breakout above 0.6702 to signal potential bullish momentum or a drop below 0.6461 to confirm bearish continuation. Technical indicators show indecision as moving averages converge and RSI holds neutral. Traders should monitor central bank cues and global risk sentiment for direction.
AUD/USD faced resistance near 0.6700 last week and dipped below 0.6600 amid firmer USD and fading risk appetite. Technically, the pair is consolidating between key support at 0.6580 and resistance at 0.6685, with momentum indicators neutral. A sustained break above 0.6700 could pave the way toward 0.6800, while a drop below 0.6580 risks a deeper correction to 0.6460. Upcoming Australian inflation and US economic data will be critical in shaping direction this week.
AUD/USD showed mixed signals last week, struggling to maintain gains above 0.6700 amid renewed USD strength fueled by solid U.S. jobless claims and hawkish Fed tones. The pair settled near 0.6640, reflecting cautious market sentiment. Key focus remains on upcoming U.S. inflation data, RBA policy hints, and China’s economic outlook to guide the next directional move. Traders should watch technical support near 0.6570 and resistance around 0.6700 for clues on trend momentum.
AUD/USD stalled near 0.6713 resistance last week, showing signs of consolidation amid mixed economic signals and cautious risk sentiment. Key support lies at 0.6600, with next resistance at 0.6870. Momentum indicators suggest fading bullish strength; breakout above 0.6870 needed to resume uptrend. Traders should watch Fed and RBA cues for direction. #ForexAnalysis #AUDUSD
AUD/USD has climbed above 0.68, reaching its highest level in over two months amid mounting bets on U.S. interest rate cuts. Softer-than-expected U.S. inflation data and dovish Fed comments have shifted market expectations toward easing, supporting the Aussie. Key factors like China’s economic trends and commodity demand also bolster this rally, as investors reposition ahead of upcoming monetary policy decisions.
AUD/USD extends its rally as markets increasingly price in US Federal Reserve rate cuts. Slowing US data and easing inflation fuel expectations of a pivot, supporting the Aussie amid diverging RBA policy and rising commodity prices. Traders now see over 90% chance of a Fed cut by September.
AUD/USD extends gains as markets price in potential Federal Reserve rate cuts later in 2024. Softer U.S. inflation data and dovish Fed signals boost the Aussie, with the pair breaking key resistance and supported by improving global risk appetite. Traders eye 0.6730 and beyond amid sustained bullish momentum.
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AUD/USD has stabilized above the 100-hour moving average following a recent rebound, indicating short-term bullish momentum. Supported by resilient Australian labor data and mixed US dollar cues, the pair remains sensitive to global risk sentiment and upcoming economic reports. Traders await fresh catalysts to define the next directional move.
AUD/USD trades sideways above the 100-hour moving average after a rebound, indicating indecision among traders. Key support holds near 0.6615, while resistance lies at 0.6670. Market awaits fresh catalysts to define the next directional move.
