The AUDUSD price is now close to support from the lower bound of a rising channel that has been in place since late October. It is also sitting on the 20-day moving average and is not far above the 50-day and 100-day moving averages, suggesting that any further near-term downside is limited. This all suggests that a move closer to the top of the channel is a possibility in the next few days even ...
Australia posted a seasonally adjusted current account deficit of A$10.688 billion in the third quarter of 2018, the Australian Bureau of Statistics said on Tuesday. more...
Members of the Reserve Bank of Australia's monetary policy board said that the country's economy has continued to pick up steam, and at a slightly faster rate than expected, minutes from the central bank's November 6 meeting revealed on Tuesday. more...
Japanese Yen Forecast - Yen Price May Rise, Look Past BoJ, Eye Vulnerable Stock Markets A lull in key event risk exposed stocks to bigger adverse fundamental themes as the Japanese Yen rose. It may keep going, looking past the BoJ as the S&P 500 still remains vulnerable. Australian Dollar Forecast - Australian Dollar Might Get Some Respite If Inflation Holds Up The Australian Dollar remains very short of fundamental support ...
The Australian Dollar has tepidly recovered to challenge trend resistance guiding it lower against its US counterpart since late January. That barrier is now in the 0.7136-0.7210 area. A daily close above that would neutralize the near-term bearish bias and initially expose the September's swing highs in the 0.7304-15 zone. Alternatively, a turn back below the October 8 low at 0.7041 sees the next significant barrier at 0.6900, the September ...
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