The Australian Dollar fell, extending losses this past week. Will a jobs report revive some strength for AUD/USD? Technical and sentiment analysis seems to hint otherwise. Daily price is located far below Ichimoku cloud in the bearish area of the chart. The price is on secondary ranging within 0.6828/0.6967 support/resistance levels waiting for the direction of the strong bearish trend to be resumed or the secondary bear market rally to ...
The total value of retail sales in Australia was up a seasonally adjusted 1.6 percent on month in March, the Australian Bureau of Statistics said on Tuesday - coming in at A$33.626 billion. For the first quarter of 2022, retail sales rose 1.2 percent on quarter to A$93.186 billion after jumping 7.9 percent in the three months prior. more...
The Australian Dollar got an initial kick from an RBA rate lift-off, but the Fed outdid them and the US Dollar soared. Will AUD/USD make new lows? Daily price broke Ichioku cloud and 200 SMA/UniStepEMA for the primary bearish reversal: the price is ranging within 0.7029/0.7265 support/resistance levels waiting for direction. more...
The Australian Dollar underperformed against the US Dollar last week despite a hotter-than-expected local CPI report. Could an RBA rate hike revive AUD/USD bulls? The weekly price is on strong bearish breakdown: the price broker Ichimoku cloud to below for the primary bearish reversal for testing 0.6966 support level for the bearish trend to be continuing or for the ranging condition to be started. more...
The Australian Dollar made an 18-month low in January, eclipsing the November 2020 nadir of 0.6991 by a small margin. The weekly price is breaking Ichimoku cloud to below for the primary bearish reversal to 0.7165 and 0.7086 possible bearish targets. more...
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