Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
AUD/USD is testing key support near 0.6600, aiming to establish a higher low that could signal a bullish turnaround. Watch for a break above resistance at 0.6700–0.6750 to confirm upward momentum. Technical indicators hint at fading bearish pressure, setting the stage for potential gains ahead. #Forex #AUDUSD #MarketAnalysis
AUD/USD is testing key support levels and appears to be searching for a higher low. A confirmed higher low would signal renewed bullish momentum, potentially opening the path toward recent highs. Traders are watching moving averages and Fibonacci retracement levels for clues on the next directional move.
AUD/USD is showing signs of forming a higher low as mid-2025 approaches. Key support near 0.6690 and resistance around 0.6830 suggest a potential bullish reversal building. Watch technical indicators and central bank policies closely for clues on the next directional move.
AUD/USD has eased back toward 0.6550 as investors await China’s upcoming Trade Balance report, a key indicator for Australia’s export-driven economy. The pair lost some of its earlier momentum this week amid cautious risk sentiment fueled by mixed signals from global growth data and central banks.
China, Australia’s largest trading partner, plays an outsized role in AUD price dynamics. Consensus forecasts anticipate a $104.5 billion trade surplus for China in June, up from $82.6 billion previously. A robust surplus would signal solid Chinese demand for commodities such as iron ore and LNG, typically propping up the AUD. However, recent Chinese PMI data has tempered enthusiasm as manufacturing activity showed signs of softness. Any downside surprise in the trade figures could reignite doubts about China’s growth outlook and weigh on the commodity-linked Australian dollar.
Meanwhile, the US Dollar has remained steady, supported by the Federal Reserve’s ongoing commitment to higher interest rates to tackle persistent inflation pressures. With US Nonfarm Payrolls data due soon, markets are parsing labor market resilience for clues on the Fed’s policy path. Strong US data tends to bolster the USD and put pressure on commodity currencies like the AUD.
Technical charts show the AUD/USD struggling to maintain footing above the 0.6550 level, a
AUD/USD struggles to hold above 0.6550 as markets await Chinese trade balance data, a key indicator for Australia’s export outlook. With recent subdued volatility and mixed commodity signals, traders remain cautious ahead of potential shifts driven by China’s economic momentum and US dollar strength.
EUR/USD has slipped below 1.1700 amid renewed U.S. tariff threats targeting Chinese imports and potential auto tariffs on the EU. Heightened trade tensions have driven investors towards the safe-haven dollar, pushing the Dollar Index to a two-week peak. Weaker Eurozone data and ECB’s dovish signals add pressure, reinforcing the greenback’s recent strength. Markets brace for increased volatility as trade dispute risks linger.
EUR/USD tumbled below 1.1700 amid escalating tariff concerns as the US considers higher tariffs on Chinese goods and threatens EU imports. The US dollar surged to a two-week high, driven by safe-haven demand amid rising trade tensions and subdued Eurozone data. Investors remain cautious as global trade disputes weigh on forex markets.
EUR/USD slipped below 1.1700 as escalating US-China trade tariff concerns bolstered demand for the US dollar. Investors are turning to the greenback amid growing uncertainty, with safe-haven flows pushing the dollar index to a two-week high. Technical indicators suggest bearish momentum ahead.
EUR/USD slipped below 1.1700 as escalating trade tensions boosted demand for the US dollar, pushing it to a two-week high. Renewed tariff concerns are driving risk aversion, strengthening the greenback while challenging the euro amid subdued Eurozone growth and dovish ECB signals.
EUR/USD dips below 1.1700 as tariff concerns drive the dollar to a two-week peak. Rising trade tensions and Fed tightening expectations boost safe-haven demand, pressuring the euro amid diverging US and Eurozone economic outlooks.
