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AUD/USD Forecast: Nearing The Multi-Year High Set Last January At 0.7819
Monday, February 15, 2021 - 4:42pm | 300Read More...AUD/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 - 4:42pm | 331Read More...AUD/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 - 4:02pm | 364Read More...AUD/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 - 5:16pm | 291Read More...AUD/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 - 3:52pm | 372Read More...AUD/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 - 3:08pm | 396Read More...AUD/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 - 3:40pm | 318Read More...AUD/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 - 4:34pm | 362Read More...AUD/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 - 4:48pm | 319Read More...AUD/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 - 4:41pm | 328Read More...AUD/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...
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AUD/USD Forecast: Recovered Its Bullish Stance, Could Reach Fresh Multi-Year Highs
Wednesday, January 20, 2021 - 6:53pm | 359Read More...AUD/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 - 6:02pm | 329Read More...AUD/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 - 4:21pm | 351Read More...AUD/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 - 4:52pm | 316Read More...AUD/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 - 6:26pm | 276Read More...AUD/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...
