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AUD/USD Forecast: Technically Bearish In The Near-term, Critical Support At 0.7560
Wednesday, March 31, 2021 - 3:52pm | 363AUD/USD Current Price: 0.7601 Australia to release March manufacturing PMIs this Thursday. The aussie is under pressure, despite US equities advanced. AUD/USD is technically bearish in the near-term, critical support at 0.7560. The AUD/USD pair settled in the 0.7600 price zone, gaining some...
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AUD/USD Forecast: Challenging The 0.7800 Level and Poised To Extend Gains
Wednesday, March 17, 2021 - 5:59pm | 363AUD/USD Current Price: 0.7804 Australia will publish February employment data this Thursday. US Federal Reserve put the greenback under strong selling pressure. AUD/USD challenging the 0.7800 level and poised to extend gains. The AUD/USD pair recovered from a daily low of 0.7698 to top for...
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AUD/USD Forecast: Posted A Lower Low Daily Basis, Which Skews The Risk To The Downside
Monday, March 15, 2021 - 4:17pm | 362AUD/USD Current Price: 0.7750 The Reserve Bank of Australia will publish the Minutes of its latest meeting. US indexes trimmed intraday losses ahead of the close, helping AUD/USD. AUD/USD posted a lower low daily basis, which skews the risk to the downside. The AUD/USD pair trades in the 0.7750...
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AUD/USD Forecast: Turned Marginally Positive, Could Advance Further
Tuesday, March 9, 2021 - 4:52pm | 347AUD/USD Current Price: 0.7713 Upbeat Australian and equities’ advancing provided support to the aussie. RBA Governor Philip Lowe is due to speak on the economic recovery and the monetary policy. AUD/USD has turned marginally positive, could advance further. The AUD/USD pair advanced this...
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AUD/USD Forecast: Retains Its Bearish Stance In The Near-Term
Monday, March 8, 2021 - 5:11pm | 339AUD/USD Current Price: 0.7664 Gold prices fell to fresh 2021 lows, weighing on the Australian dollar. Australia will publish this Tuesday, February NAB’s business indexes. AUD/USD retains its bearish stance in the near-term. The AUD/USD pair fell for a fourth consecutive day, finishing it...
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AUD/USD Forecast: Nearing The Multi-Year High Set Last January At 0.7819
Monday, February 15, 2021 - 5:42pm | 300AUD/USD Current Price: 0.7784 The Bank of Australia will publish the Minutes of its February meeting. AUD/USD is nearing the multi-year high set last January at 0.7819. The AUD/USD pair maintained its bullish stance, reaching a fresh one-month high of 0.7788. The broad greenback’s weakness...
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AUD/USD Forecast: Comfortable Above 0.7700, But Additional Gains Are Still Unclear
Tuesday, February 9, 2021 - 5:42pm | 331AUD/USD Current Price: 0.7728 Australian NAB’s Business Confidence improved to 10 in January from 5. The poor performance of equities put a limit to AUD/USD appreciation. AUD/USD is comfortable above 0.7700, but additional gains are still unclear. The AUD/USD pair advanced for a third...
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AUD/USD Forecast: Under Mild-Pressure, Firmer Equities Limit Declines
Thursday, February 4, 2021 - 5:02pm | 364AUD/USD Current Price: 0.7597 RBA´s Governor Lowe to testify before the House of Representatives Standing Committee on Economics. Australian Trade surplus jumped to 6.785M in December as imports fell. AUD/USD under mild-pressure, firmer equities limit declines. The AUD/USD pair is posting...
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AUD/USD Forecast: Bullish Potential Is Still Limited, Needs To Regain 0.7700
Wednesday, February 3, 2021 - 6:16pm | 291AUD/USD Current Price: 0.7621 Australian data was tepid, missing the market’s expectations. AUD/USD bullish potential is still limited, needs to regain 0.7700. The Australian dollar was able to recover some ground against its American rival, ending the day near a daily high of 0.7627. The...
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AUD/USD Forecast: Trades At Its Lowest For The Year, Could Extend The Slide In The Near-Term
Tuesday, February 2, 2021 - 4:52pm | 372AUD/USD Current Price: 0.7587 The RBA kept the cash rate on hold, extended its QE program. Australia will publish the Commonwealth Bank Services PMI for January, expected at 55.8. AUD/USD trades at its lowest for the year, could extend the slide in the near-term. The AUD/USD pair surged to 0....
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AUD/USD Forecast: Technically Poised To Extend Its Decline, But RBA Expected To Be Hawkish
Monday, February 1, 2021 - 4:08pm | 396AUD/USD Current Price: 0.7631 The RBA is expected to maintain its monetary policy unchanged. Services output in Australia improved by more than expected in January. AUD/USD is technically poised to extend its decline, but RBA expected to be hawkish. The AUD/USD pair fell to an intraday low of 0....
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AUD/USD Forecast: Bounced From Fresh Monthly Lows, But Bulls Unconvinced
Thursday, January 28, 2021 - 4:40pm | 318AUD/USD Current Price: 0.7693 The Australian dollar is trading alongside equities, ignoring local data. AUD/USD bounced from fresh monthly lows, but bulls unconvinced. The AUD/USD pair reverted an intraday slump to 0.7591, a fresh monthly low, to close the day with gains just below the 0.7700...
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AUD/USD Forecast: At Risk Of Accelerating South On A Break Below 0.7640
Wednesday, January 27, 2021 - 5:34pm | 362AUD/USD Current Price: 0.7655 Australian data came in mixed, but inflation picked modestly up in Q4 2020. Risk aversion and plummeting equities pushed AUD/USD lower in the US session. AUD/USD is at risk of accelerating south on a break below 0.7640. The Australian dollar enjoyed some demand at...
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AUD/USD Forecast: Bearish In The Near-Term, Additional Declines Expected
Monday, January 25, 2021 - 5:48pm | 319AUD/USD Current Price: 0.7705 Australian markets to be closed in observance of the Australia Day. A dismal market mood pushed the pair lower in the American session. AUD/USD is bearish in the near-term, additional declines expected. The AUD/USD pair fell to 0.7682, its lowest in a week during...
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AUD/USD Forecast: Bullish, Consolidating Gains Above The 0.7700 Threshold
Thursday, January 21, 2021 - 5:41pm | 328AUD/USD Current Price: 0.7756 Upbeat Australian employment data pushed AUD/USD higher. Australia will publish this Friday the preliminary estimate of January’s Retail Sales. AUD/USD is bullish, consolidating gains above the 0.7700 threshold. The AUD/USD pair peaked at 0.7780 this Thursday...