AUD/USD

AUD/USD Current Price: 0.7150 Gold prices eased on a stronger dollar, weighing on the Aussie. Australia will publish the NAB’s Business Confidence Index for July. AUD/USD at risk of extending its decline in the short-term, 0.7070 critical support. The AUD/USD pair saw little action this...

AUD/USD Current Price: 0.7235 Gold soared to a new record high of  $2,069.72 a troy ounce, underpinning the Aussie. The Chinese Trade Balance is foreseen posting a surplus of $42 billion in July. AUD/USD holding on to gains and poised to reach fresh multi-month highs. The AUD/USD pair is...

AUD/USD Current Price: 0.7121 Australian manufacturing output improved in July, but investors weren’t impressed. The Reserve Bank of Australia is having a monetary policy meeting this Tuesday. AUD/USD under pressure despite encouraging Australian data, bearish below 0.7070. The Australian...

AUD/USD fails to break above 0.7000 and retreats. Risk aversion mounts pressure on the Australian dollar. Short-term technical bias turns neutral, but bigger time frames support further gains. The AUD/USD hit a fresh four-week high of 0.7000 during the European session, marginally above...

Key Points: The Australian government announced a six-week lockdown in Melbourne. The Reserve Bank of Australia left the cash rate unchanged at 0.25% as expected. AUD/USD is technically neutral and holding above the 0.6900 level. The AUD/USD pair is finishing Tuesday with modest losses in the 0....

AUD/USD Current Price: 0.6973 The Reserve Bank of Australia is expected to keep the cash rate unchanged at 0.25%. Soaring global equities underpinned the Aussie against its American rival. AUD/USD neutral-to-bullish in the short-term and heading towards 0.7063. The AUD/USD pair traded as high as...

AUD/USD Current Price: 0.6923 Australian trade surplus rose 2% to $8.03 billion in May, missing the market’s expectations. China Caixin Services PMI seen back to contraction territory in June. AUD/USD holding on to the upper end of the weekly range, downside limited. The AUD/USD pair...

AUD/USD Current Price: 0.6881 A scarce Australian macroeconomic calendar exacerbated range-trading around AUD/USD. With the coronavirus pandemic under control, the Australian dollar has limited bearish potential. AUD/USD is neutral-to-bearish in the short-term, could recover once above 0.6925....

Key Points: Australian economic activity improved by more than anticipated in June. Gold prices surged to reach fresh multi-year highs, underpinning Aussie. AUD/USD holding on to intraday gains, but the bullish momentum is limited. The AUD/USD pair extended its advance to 0.6974 in the past...

AUD/USD Current Price: 0.6911 RBA’s Governor Lowe said that that the economic downturn in Australia was not as severe as expected. Australian manufacturing output is seen improving in June, but services activity still in trouble. AUD/USD recovered its bullish potential in the short-term...

AUD/USD Current Price: 0.6846 Australia lost 227K jobs in May, while the unemployment rate jumped to 7.1%. The poor performance of equities weighed on the commodity-linked currency. AUD/USD neutral-to-bearish in the short-term, pressuring static support area. The Australian dollar came under...

The RBA will keep rates on hold, yield curve control until employment and inflation progress towards their goals. Upbeat US data and a knee-jerk in Wall Street-backed the greenback. AUD/USD holding on to a positive stance, bears to take over once below 0.6840. The AUD/USD pair ends Tuesday with...

AUD/USD Current Price: 0.6918 Chinese May data missed the markets’ expectations, weighing on the Aussie. The Reserve Bank of Australia will release the Minutes of its latest meeting this Tuesday. AUD/USD recovery could extend during the upcoming Asian session.  The AUD/USD pair...

AUD/USD Current Price: 0.6842 Australian Consumer Inflation Expectations resulted at 3.3% in June. Wall Street’s slump weighed on the Aussie, the DJIA had its worst day in over three months. AUD/USD is pressuring daily lows in the 0.6840 price zone with no signs of bearish exhaustion. The...

AUD/USD Current Price: 0.6964 The Australian NAB’s Business Confidence improved to -20 in May from -45 in April. Australia will publish the June Westpac Consumer Confidence, previously at 16.4%. AUD/USD is correcting lower but neutral in the short-term. The AUD/USD pair put a halt to its...