Attachment 41676
The Reserve Bank of Australia (RBA) interest rate decision may fuel the recent rebound in AUD/USD if the central bank retains the current course for monetary policy.
more...
Printable View
Attachment 41676
The Reserve Bank of Australia (RBA) interest rate decision may fuel the recent rebound in AUD/USD if the central bank retains the current course for monetary policy.
more...
Attachment 42294
The last week of March brings about a quieter economic calendar for Australia, with the trio of PMI reports the sole focus.
more...
Attachment 42951
The Australian Dollar may struggle as the RBA further hints at rolling the yield target to the November 2024 bond. AUD/USD remains vulnerable to falling copper and iron ore prices.
more...
Attachment 43099
The Australian Dollar recovered with the S&P 500 and Shanghai Composite. Was it another overreaction to the Fed? AUD/USD turns to RBA Governor Philip Lowe, Fedspeak and US NFPs next.
more...
Attachment 43772
The Australian Dollar is subject to external forces as commodities roar and risk sentiment sways under Chinese outcomes. Where to next for AUD/USD?
more...
Attachment 43960
The manufacturing sector in Australia continued to expand in October, and at a faster pace, the latest survey from Markit Economics revealed on Monday with a manufacturing PMI score of 58.2.
more...
Attachment 44235
The Australian Dollar found support as shorts were squeezed, but will it be enough for AUD/USD gains in the face of a dovish RBA against a hawkish Fed?
more...
Attachment 44490
The Australian Dollar consolidated this week despite increasing external volatility. Australian CPI could hold the key for AUD/USD in the near term.
more...
Attachment 45230
AUD/USD is eying economic data prints this week after the currency rallied amid higher commodity prices and a rebound in market sentiment. Will data impress enough to boost already rising RBA rate ...
more...
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.
Attachment 45659
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 be started.
more...
The Australian Dollar has a solid fundamental backdrop for now, but external factors continue to bump the currency around. Will AUD/USD take its own path?
Attachment 45779
Daily price was bounced from 0.6828 Fibo support level to above for 0.7145 resistance to becrossed for the bear market rally to be continuing. Alternatively, the price will be on bearish ranging within the levels.
more...
Attachment 45950
The Australian Dollar was boosted by a suddenly hawkish RBA signalling a much higher rate path. If commodities hold up and China loosens up, will AUD/USD go higher?
Daily price was bounced from 200 SMA to below for the primary bearish market condition to be resumed with the possible Fibo target at 0.6828.
more...
Attachment 46022
The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester.
Daily price is below 200 SMA by trying to break symmentic triangle pattern with support level at 0.68 to below for the primary bearish trend to be continuing. Alternatively, the price may be bounced from support level to above for the secondary ranging to be started.
more...
Attachment 46073
The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation. Going into the third quarter, the latest year-on-year headline CPI for the US is 8.6% and 5.1% for Australia.
The weekly AUD/USD price is on ranging near and around 200 SMA for the waiting for the direction of the bullish trend to be resumed (by crossing Fibo level at 0.7211 to above) or the primary bearish trend to be continuing (by crossing Fibo level at 0.6762 to below).
more...
Attachment 46124
The Australian Dollar seesawed through the week, with an RBA rate hike and a blistering trade surplus. US Dollar strength keeps AUD/USD low, boosting the domestic economy.
The weekly price is on ranging near and aroud 200 SMA waiting for the direction of the bearish trend to be resumed in case the price breaks 0.6762 support to below or the bullish reversal to be started if the price breaks 0.7282 resistance level.
more...
Attachment 46252
A strong close last week sets up AUD/USD for the upcoming data heavy week with focus on the Fed.
The daily price is breaking the bullish triangle pattern to above for the secondary bear market rally to be continuing with the possible daily bullish reversal.
more...
Attachment 46436
The Australian Dollar had a whippy week after Chinese stimulus plans were over wrought by a Federal Reserve that got tough talking around a campfire in a ski resort. The daily price is on ranging within Ichimoku cloud waiting for direction of the bearish trend to be started or the bullish reversal to be resumed.
more...
Attachment 46471
The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD?
The daily price broke Ichimoku cloud to below for the primary daily bearish reversal: the price is 0.6770 support level for the bearish trend to be continuing or for the secondary ranging market condition to be started.
more...
Attachment 46502
The Australian Dollar was unable to gain traction despite a lift in rates from the RBA as the Fed and ECB remain hawkish and Chinese growth is mired in lockdowns.
more...
Attachment 46883
The Australian Dollar made a six-month peak last week as the US Dollar continues to weaken with the Fed in focus. Local CPI data is due this week. Will it push AUD/USD higher?
more...
