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Tag: AUDUSD

The Australian dollar was capped below previous support at 0.7095

The Australian dollar was capped below previous support at 0.7095

AUD / USD recovery attempt has been capped just below 0.7100 The previous support level changed the resistance and the 50 hourly simple moving average (SMA) is limiting upside attempts. On the downside, the 0.7055 level is supporting the pair. The Australian dollar has fallen nearly 2% this week weighed down by the strength of […]

AUD / USD stabilizes below 0.7100, ends the week with a drop of more than 150 pips

AUD / USD stabilizes below 0.7100, ends the week with a drop of more than 150 pips

The Australian dollar is among the worst performers of the week, hit by RBA expectations. AUD / USD unable to rally to the lowest close since September 28. The pair AUD/USD it traded sideways on Friday, consolidating a weekly loss of more than 150 pips. The US dollar weakened amid an improvement in risk sentiment, […]

AUD / USD struggles to rise above 0.7100 ahead of US data

AUD / USD struggles to rise above 0.7100 ahead of US data

AUD / USD is trading in a tight range below 0.7100 on Friday. The US Dollar Index consolidates Thursday’s gains near 93.70. Retail sales and industrial production data will be included in the US economic agenda. The pair AUD/USD it posted its lowest daily close for October at 0.7092 on Thursday and appears to be […]

AUD / USD with modest losses below 0.7100 level

AUD / USD with modest losses below 0.7100 level

Strong expectations that the RBA will act in November weighed on the AUD. New nervousness around coronavirus benefits USD as safe haven and puts pressure on AUD / USD Investors are waiting for US macro data to get some short-term trading opportunities. The pair AUD/USD has recovered most of the initial drop and remains with […]

AUD / USD falls to fresh 18-day lows near 0.7050

AUD / USD falls to fresh 18-day lows near 0.7050

AUD / USD was down more than 1% on Thursday. The RBA’s dovish comments continue to weigh on the AUD. The US dollar index advances towards 94.00 in the American session. The pair AUD/USD it fell sharply during Asian trading hours on Thursday and extended its daily decline to a fresh 18-day low of 0.7056 […]

AUD / USD plummets towards 0.7050 on expectation of rate cut in Australia and dollar rise

AUD / USD plummets towards 0.7050 on expectation of rate cut in Australia and dollar rise

AUD / USD has the most significant drop in weeks. The dollar gains momentum in the market due to a sharp fall in the stock markets. He AUD / USD extended losses in recent hours and fell to 0.7066, reaching the lowest level since September 28. It is trading 0.7085, trying to break away from […]

Australia loses 29,500 jobs in September, the unemployment rate rises to 6.9%; AUD / USD falls to week lows

Australia loses 29,500 jobs in September, the unemployment rate rises to 6.9%; AUD / USD falls to week lows

Australia lost 29,500 jobs in September, up from 35,000 expected, after 111,000 jobs were gained in August. This is the first month of job loss after three consecutive months of job creation. Of the 29,500 jobs lost, 20,100 are in full-time jobs, while 9,400 are part-time jobs. The unemployment rate has grown one tenth, from […]

AUD / USD retreats from highs of 0.7185 with the USD bouncing

AUD / USD retreats from highs of 0.7185 with the USD bouncing

AUD / USD cuts gains after hitting 0.7185 to test support at the 0.7150 area. The US dollar recovers from risk aversion as hopes for a US stimulus fade. The Aussie remains in an uptrend heading towards 0.7235 / 43 – Credit Suisse. The Australian dollar’s recovery from Tuesday’s low of 0.7150 has been capped […]

AUD / USD slowly approaching 0.7200 amid modest DXY correction

AUD / USD slowly approaching 0.7200 amid modest DXY correction

AUD / USD is rebounding after Tuesday’s slide. The US Dollar Index consolidates near 93.50. Data ahead: wholesale inflation in the US and employment in Australia. He AUD / USD closed the first two days of the week in negative territory and is making a technical rally on Wednesday. At time of writing, the pair […]