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AUD/USD Forecast: Recovered Its Bullish Stance, Could Reach Fresh Multi-Year Highs
Wednesday, January 20, 2021 - 7:53pm | 359AUD/USD Current Price: 0.7738 Australian Westpac Consumer Confidence print at -4.5% in January. Australia is expected to have added 50K new jobs in December. AUD/USD has recovered its bullish stance, could reach fresh multi-year highs. The Australian dollar was able to recover against its...
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AUD/USD Forecast: Hovers Around 0.7690 With A Limited Bullish Potential
Tuesday, January 19, 2021 - 7:02pm | 329AUD/USD Current Price: 0.7692 Australia will publish January Westpac Consumer Confidence, previously at 4.1%. Risk appetite gave up ahead of Wall Street’s close, providing support to USD. AUD/USD hovers around 0.7690 with a limited bullish potential. The AUD/USD pair peaked at 0.7724 this...
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AUD/USD Forecast: Gaining Bearish Potential And May Accelerate South In The Next Session
Monday, January 18, 2021 - 5:21pm | 351AUD/USD Current Price: 0.7679 Chinese upbeat Q4 GDP provide temporal support to high-yielding assets. A sour market’s mood maintained the greenback strong against the aussie. AUD/USD is gaining bearish potential and may accelerate south in the next session. The AUD/USD pair is heading into...
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AUD/USD Forecast: Reaches Weekly Highs And Holds Positive Bias
Thursday, January 14, 2021 - 5:52pm | 316AUD/USD reaches weekly highs and holds positive bias. A breakout of 34-month high at 0.7820 would target the 0.7850-60 area. The AUD/USD rose to a fresh 1-week high of 0.7805 during Thursday’s New York session, rebounding from a daily low of 0.7728. The greenback failed to retain its early...
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AUD/USD Forecast: Maintains Bullish Short-Term Bias
Wednesday, January 13, 2021 - 7:26pm | 276AUD/USD edges lower on Wednesday but maintains bullish short-term bias. A break above 0.7780 needed to regain upward momentum. The AUD/USD retreated slightly on Wednesday amid broad US dollar strength despite lower US yields. The pair dropped to a daily low of 0.7720, 100 pips below its nearly 3...
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AUD/USD Forecast: Keeps Recovering, Steeper Advance Likely Once Above 0.7770
Tuesday, January 12, 2021 - 4:56pm | 305AUD/USD Current Price: 0.7763 The greenback accelerated its decline as Wall Street recovered ahead of the close. AUD/USD keeps recovering, steeper advance likely once above 0.7770. The AUD/USD pair recovered towards the 0.7760 price zone, as the dollar came under selling pressure on Wall Street...
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AUD/USD Forecast: Recovered Above The 0.7700 Level But Has Room To Extend Its Decline
Monday, January 11, 2021 - 4:25pm | 361AUD/USD Current Price: 0.7710 Australian encouraging data fell short of supporting the aussie. Demand for the American dollar receded mid-US session. AUD/USD recovered above the 0.7700 level but has room to extend its decline. The Australian dollar started the week on the wrong footing, easing...
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AUD/USD Forecast: Has Room To Recover Beyond Its Recent Highs In The Near-Term
Thursday, January 7, 2021 - 5:44pm | 330AUD/USD Current Price: 0.7758 Australian trade surplus contracted to 5022 million in November, as exports fell. Wall Street’s positive performance limited the AUD/USD bearish potential. AUD/USD has room to recover beyond its recent highs in the near-term. The AUD/USD pair pulled back from...
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AUD/USD Forecast: Trades Around 0.7800 And Has Room To Keep On Advancing
Wednesday, January 6, 2021 - 7:06pm | 368AUD/USD Current Price: 0.7792 Gold prices plummeted while Wall Street soared to all-time highs. Australian tepid data was ignored as investors continue trading on sentiment. AUD/USD trades around 0.7800 and has room to keep on advancing. The aussie reached 0.7807 against the greenback this...
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AUD/USD Forecast: Keeps Pressuring Its Highs, Has Room To Break Beyond April 2018 High
Tuesday, January 5, 2021 - 6:03pm | 365AUD/USD Current Price: 0.7771 Crude oil and gold surged, backing commodity-linked currencies. Australia will publish the December Commonwealth Bank Services PMI. AUD/USD keeps pressuring its highs, has room to break beyond April 2018 high. The AUD/USD pair reached a fresh multi-year high...
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AUD/USD Forecast: Bearish Potential Seems Limited Even In The Near-Term
Monday, January 4, 2021 - 5:51pm | 336AUD/USD Current Price: 0.7666 Australian dollar weighed by the sour tone of US equities. The Australian Commonwealth Bank Manufacturing PMI resulted at 55.7 in December. AUD/USD bearish potential seems limited even in the near-term. The AUD/USD pair retreated from a daily high of 0.7740 during...
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AUD/USD Forecast: Pressures 2020 High While Maintaining Its Bullish Stance
Wednesday, December 30, 2020 - 4:11pm | 321AUD/USD Current Price: 0.7679 Wall Street’s rally provided support to commodity-linked currencies. China will publish this Thursday the December official NBS PMIs. AUD/USD pressures 2020 high while maintaining its bullish stance. The AUD/USD pair hit 0.7685 this Wednesday, a level that was...
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AUD/USD Forecast: Needs To Surpass 0.7639 To Turn Bullish
Monday, December 28, 2020 - 3:58pm | 368AUD/USD Current Price: 0.7574 The Australian macroeconomic calendar has nothing to offer this week. Softer gold prices undermined the demand for the aussie. AUD/USD is neutral in the near-term, needs to surpass 0.7639 to turn bullish. The AUD/USD pair edged lower on Monday, falling to an...
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AUD/USD Forecast: Bullish According To Intraday Charts, Could Run Past 0.7640
Wednesday, December 23, 2020 - 4:02pm | 323AUD/USD Current Price: 0.7581 Australian trade surplus shrank to A$1,958 million in November. The positive tone of equities underpinned the AUD/USD. AUD/USD is bullish according to intraday charts, could run past 0.7640. The AUD/USD pair has edged higher this Wednesday, helped by persistent...
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AUD/USD Forecast: Pressured By The Negative Market's Sentiment
Tuesday, December 22, 2020 - 6:06pm | 334AUD/USD Current Price: 0.7522 Australian Retail Sales surged by 7% in November, according to preliminary estimates. The poor performance of equities weighed on the Australian dollar. AUD/USD pressured by the negative market’s sentiment, bearish in the near-term. The AUD/USD pair was unable...