The Australian Dollar has strong fundamentals, but a hawkish Fed has favoured the US Dollar up to now. The fundamental backdrop for AUD remains solid, although it is not showing up in all of data at the moment. Daily price is on secondary correction within the primary bullish market condition: the price is trying to cross the bearish triangle pattern with 0.7391 support level to below for the secondary correction to be continuing up to ...
The Australian Dollar has strong fundamentals, but external influences are dominating for now. Will the strong economy be realised in the AUD/USD price? Daily price is located in the primary bullish area of the chart above Ichimoku cloud: the price is on the secondary correction started 2-3 days ago by breaking 0.7455 support level to below for the correction to be continuing with 0.7253 target for the daily bearish reversal to be started. ...
The Australian Dollar has kept a bid alongside the slow-and-steady decline in volatility. RBA minutes, impact of coronavirus lockdown measures might undermine the Aussie. more...
Australia's central bank maintained its interest rate and the target yield on three-year government bonds as economy experiences severe downturn after measures taken to stem the spread of coronavirus, or Covid-19. At the monetary policy meeting on Tuesday, the Reserve Bank of Australia board kept its interest rate at a record low 0.25 percent. more...
Australia's central bank maintained its interest rate on Tuesday, as policymakers see gradual progress in inflation reaching target and towards full employment. The board of the Reserve Bank of Australia, governed by Philip Lowe, decided to leave the cash rate unchanged at a record 0.75 percent. The central bank had lowered the rate by 25 basis points in October 2019. more...
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