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Tag: AUDUSD

AUD/USD climbs above 0.6900, buoyed by Aussie retail sales and US dollar weakness

AUD/USD climbs above 0.6900, buoyed by Aussie retail sales and US dollar weakness AUD/USD climbs above 0.6900, buoyed by Aussie retail sales and US dollar weakness

AUD/USD advanced around 0.25% on Monday, paring some of last Friday’s losses. Last week’s Fed rhetoric capped AUD/USD gains. Australian retail sales were better than expected, boosted by tourism. AUD/USD recovers the 0.6900 figure after hitting a six-week low around 0.6840 in the American session, amid a risk-off environment, spurred by Powell’s Fed hawkish rhetoric […]

AUD/USD flirts with a multi-week low around 0.6850

AUD/USD flirts with a multi-week low around 0.6850 AUD/USD flirts with a multi-week low around 0.6850

AUD/USD falls to a multi-week low on Monday and is under pressure from a combination of factors. Bets on aggressive Fed rate hikes and high US bond yields push the dollar to a 20-year high. The risk-averse environment also benefits the dollar, which is a safe haven, and weighs on the risk-sensitive Aussie. The pair […]

AUD/USD volatile, but likely to fall further while below 0.7000

AUD/USD volatile, but likely to fall further while below 0.7000 AUD/USD flirts with a multi-week low around 0.6850

AUD/USD tumbled in the middle of Powell’s speech. The hourly harmonic pattern is bearish and the focus is on the downside while below 0.7000. Jerome Powell’s aggressive speech has sent a bid to the US dollar and rattled financial markets with stocks down and bond yields higher. Given its high beta status, the Aussie fell […]

AUD/USD Price Analysis: Positive intraday move moderates near 50% Fibonacci level

AUD/USD Price Analysis: Positive intraday move moderates near 50% Fibonacci level AUD/USD Price Analysis: Positive intraday move moderates near 50% Fibonacci level

AUD/USD finds fresh offers at high levels and trims some of its intraday gains. A nice dollar rebound from the weekly low puts downward pressure on the pair. Any further decline is likely to find good support near the 0.6935-0.6925 confluence. The pair AUD/USD It attracts some selling near the key psychological level of 0.7000 […]

AUD/USD falls below 0.6900 as USD strengthens

AUD/USD falls below 0.6900 as USD strengthens AUD/USD falls below 0.6900 as USD strengthens

AUD/USD trimmed Tuesday’s gains as USD bulls recovered some ground ahead of Jackson Hole. US Durable Goods Orders beat estimates, unlike US housing data, which shows a recession. AUD/USD Price Analysis: Ranged, awaiting the outcome of Jerome Powell’s Fed speech. The AUD/USD remains defensive on Wednesday, paring some of its Tuesday gains, but remains above […]

AUD/USD remains on the defensive around the 0.6920 zone

AUD/USD remains on the defensive around the 0.6920 zone AUD/USD Price Analysis: Positive intraday move moderates near 50% Fibonacci level

AUD/USD attracts some buying on Wednesday, but lacks bullish conviction. The pullback in US bond yields appears to cap the dollar and offer some support for the pair. Recession fears and Fed expectations favor dollar bulls and limit the pair’s gains. The pair AUD/USD it reverses an intraday drop to levels below 0.6900 and is […]

AUD/USD jumps above 0.6900 as USD falls

AUD/USD jumps above 0.6900 as USD falls AUD/USD jumps above 0.6900 as USD falls

US dollar falls after weak economic data. The US S&P Global PMI shows the lowest reading in more than a year. AUD/USD finds resistance around 0.6960 and loses momentum. The AUD/USD it broke above 0.6900 after the release of US economic data and reached 0.6962, the highest level since Thursday. The pair lost momentum and […]

AUD/USD remains near one-month lows just above 0.6850

AUD/USD remains near one-month lows just above 0.6850 AUD/USD remains near one-month lows just above 0.6850

AUD/USD is consolidating in a range near the one-month low hit on Tuesday. A modest recovery in equity markets offers support for the risk-sensitive Aussie. The Fed’s aggressive expectations act as a tailwind for the dollar and continue to limit gains. The pair AUD/USD struggles for significant traction and swings between tepid gains and small […]

AUD/USD pulls back from daily highs and falls towards the 0.6870 area

AUD/USD pulls back from daily highs and falls towards the 0.6870 area AUD/USD pulls back from daily highs and falls towards the 0.6870 area

AUD/USD hit a daily low around 0.6929 but tumbled as sentiment turns sour. Global stocks fell as investors brace for Jerome Powell’s Fed speech on Friday. China’s PBoC interest rate cut lifted AUD/USD to just above the 0.6900 figure before falling towards daily lows. The AUD/USD trades back slightly in the American session, amid a […]

AUD/USD stalls recovery below 0.6930 on stronger dollar

AUD/USD stalls recovery below 0.6930 on stronger dollar AUD/USD flirts with a multi-week low around 0.6850

AUD/USD manages to rise on Monday despite falling markets. The Aussie cut a streak of five days in a row with casualties. Lower rates in China favored the AUD, but the negative market environment limits strength. The AUD/USD starts the new week on a positive note and breaks a five-day losing streak, recovering from one-month […]