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AUD/USD Forecast: Needs To Recover Above 0.7640 To Recover Its Bullish Potential
Monday, December 21, 2020 - 6:53pm | 355AUD/USD Current Price: 0.7596 A strong bounce in US equities helped AUD/USD to trim most of its intraday losses. Australia will publish the preliminary estimate of November Retail Sales. AUD/USD needs to recover above 0.7640 to recover its bullish potential. The AUD/USD pair gapped lower at the...
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AUD/USD Forecast: At Fresh 2-year Highs And Heading Towards The 0.7700 Price Zone
Thursday, December 17, 2020 - 5:43pm | 321AUD/USD Current Price: 0.7627 Upbeat Australian employment figures pushed AUD/USD above 0.7600. AUD/USD at fresh 2-year highs and heading towards the 0.7700 price zone. The AUD/USD pair surged to 0.7639, its highest in over two years during Asian trading hours, following the release of upbeat...
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AUD/USD Forecast: Continues To Consolidate Near This Year's High At 0.7577
Wednesday, December 16, 2020 - 6:26pm | 392AUD/USD Current Price: 0.7574 Australian growth-related figures came in better than anticipated. Australia November employment data could underpin the aussie. AUD/USD continues to consolidate near this year´s high at 0.7577. The AUD/USD pair has spent a fourth consecutive day confined to a...
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AUD/USD Forecast: Holds On To Gains Near This Year's High
Tuesday, December 15, 2020 - 8:01pm | 390AUD/USD Current Price: 0.7557 The RBA’s Minutes anticipated additional easing coming in the near-term. Australia will release the November Westpac Leading Index, previously at 0.12%. AUD/USD holds on to gains near this year’s high, could storm through 0.7600. The AUD/USD pair...
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AUD/USD Forecast: Remains Confined To Tight Intraday Ranges Near 2020 Highs
Monday, December 14, 2020 - 6:13pm | 361AUD/USD Current Price: 0.7542 The Australian dollar held on to higher ground despite falling equities. Iron ore futures plummeted after reaching fresh multi-year highs last week. AUD/USD remains confined to tight intraday ranges near 2020 highs. The AUD/USD pair is ending the day unchanged...
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AUD/USD Forecast: RSI In Overbought Territory Might Favor A Mild Correction Ahead
Thursday, December 10, 2020 - 5:59pm | 250The AUD/USD reaches a 30-month high above 0.7500. RSI in overbought territory might favor a mild correction ahead. The AUD/USD extended its march higher on Thursday and climbed above the 0.7500 level for the first time since June 2018, mainly driven by broad-based US dollar weakness and surging...
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AUD/USD Forecast: Retains Its Neutral Stance Near This Year's High
Tuesday, December 8, 2020 - 4:46pm | 328AUD/USD Current Price: 0.7407 Australian NAB’s Business Confidence improved in November to 12. Equities posted modest intraday gains, limiting AUD/USD performance. AUD/USD retains its neutral stance near this year’s high. The AUD/USD pair was unable to attract speculative interest...
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AUD/USD Forecast: Retains Its Neutral-To-Bullish Stance In The Near-Term
Monday, December 7, 2020 - 5:50pm | 362AUD/USD Current Price: 0.7430 The Australian November AIG Performance of Services Index resulted in 52.9. China announced it suspended imports from another Australian beef supplier. AUD/USD retains its neutral-to-bullish stance in the near-term. The AUD/USD pair has traded in a wider-than-usual...
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AUD/USD Forecast: Retains Its Bullish Potential Despite Lacking Bullish Momentum
Thursday, December 3, 2020 - 6:36pm | 357AUD/USD Current Price: 0.7448 The Australian trade surplus was upwardly revised to 7456M in October. Gold prices hold ground, providing additional support to the commodity-linked currency. AUD/USD retains its bullish potential despite lacking bullish momentum. The AUD/USD pair reached a fresh...
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AUD/USD Forecast: Continues To Trade Within Familiar Levels Just Below This Year's High
Wednesday, December 2, 2020 - 7:13pm | 410AUD/USD Current Price: 0.7402 Australian Q3 GDP at 3.3% indicated that the country is officially out of recession. Gold keeps recovering ground, providing support to the Australian dollar. AUD/USD continues to trade within familiar levels just below this year’s high. The AUD/USD pair is...
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AUD/USD Forecast: Maintains Its Neutral Stance A Handful Of Pips Below The Year's High
Tuesday, December 1, 2020 - 6:10pm | 413AUD/USD Current Price: 0.7365 The RBA left the cash rate at 0.1% as widely anticipated. Australia will publish Q3 Gross Domestic Product, foreseen at 2.6% QoQ. AUD/USD maintains its neutral stance a handful of pips below the year’s high. The AUD/USD pair keeps trading in tight intraday...
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AUD/USD Forecast: At Risk Of Extending Its Decline In The Near-term, Critical Support At 0.7290
Monday, November 30, 2020 - 10:23pm | 422AUD/USD Current Price: 0.7348 The Reserve Bank of Australia is having a monetary policy meeting this Tuesday. Wall Street edged lower, undermining demand for the Australian dollar. AUD/USD is at risk of extending its decline in the near-term, critical support at 0.7290. The AUD/USD pair traded...
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AUD/USD Forecast: Retains Its Neutral-To-Bullish Stance In The Near-Term
Wednesday, November 25, 2020 - 5:46pm | 323AUD/USD Current Price: 0.7363 Australian Construction Work Done contracted by more than expected in Q3. The poor performance of equities limited the upside for the AUD. AUD/USD retains its neutral-to-bullish stance in the near-term. The AUD/USD pair held around 0.7360 this Wednesday, trapped...
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AUD/USD Forecast: Bullish Breakout Supports Another Leg North In The Near-Term
Tuesday, November 24, 2020 - 4:52pm | 352AUD/USD Current Price: 0.7352 The Australian trade surplus contracted in October to 4840M. Wall Street rallying to record highs underpinned the aussie. AUD/USD bullish breakout supports another leg north in the near-term. The AUD/USD pair hit a fresh 2-month high of 0.7367, holding on to most of...
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AUD/USD Forecast: Retreated From The 0.7340 Price Zone For A Third Time This Month
Monday, November 23, 2020 - 8:07pm | 371AUD/USD Current Price: 0.7288 Australian manufacturing and services output improved by more than expected in November. Gold prices plunged to $1,830.00 a troy ounce, weighing on the aussie. AUD/USD retreated from the 0.7340 price zone for a third time this month. The AUD/USD pair traded as high...