AUD/USD is poised to finish at fresh nine-week highs, buoyed by improved risk appetite. On the daily chart, an inverted head and shoulders points to the 0.7440 area as a profit target. AUD/USD buyers are looking for a break above the 200 DMA with a target of 0.7440. The AUD/USD advances for the third day […]
Tag: AUDUSD
AUD/USD pulls away from 2-month highs on USD strength, downside looks limited
AUD/USD sees a modest pullback from near two-month highs set on Thursday. The USD short-covering move is seen as a key factor putting downward pressure on the pair. The risk push offers some support to the risk sensitive Aussie and caps the downside. The pair AUD/USD faces a rejection near the technically significant 200-day SMA […]
AUD/USD Price Analysis: Bulls flirting with hurdle of 200 DMA confluence and ascending channel
AUD/USD receives fresh offers on Thursday and rises to a two-month high amid a weaker dollar. With the odds of a further Fed rate hike in September fading, risk-on sentiment weighs on the dollar. The technical picture favors bullish traders and supports prospects for further short-term gains. The pair AUD/USD It attracts some buying on […]
AUD/USD approaches 0.7100, focus on Wednesday’s two-month high
AUD/USD attracts some buying on Thursday and is back towards the 0.7100 level. Risk appetite weighs on the safe-haven dollar and benefits the risk-sensitive Aussie. Recession fears and aggressive comments from Fed officials the day before could limit USD losses. A sustained move above the 0.7100 level is needed to support the prospects for further […]
AUD/USD hangs on to gains after US CPI, trades above 0.7050
AUD/USD gets aggressive bids amid broad dollar sell off by US CPI. Weaker data shatters expectations of a further Fed rate hike and weighs on the dollar. The risk appetite boost further undermines the dollar and benefits the risk-sensitive Aussie. The pair AUD/USD rises to its highest level since June 16 in reaction to softer […]
AUD/USD steady above 0.6950 ahead of US CPI.
AUD/USD reverses modest intraday decline, though rally lacks bullish conviction. USD price action is a key factor lending support to the pair. Cautious sentiment caps AUD as attention turns to the US CPI report. The pair AUD/USD attracts some buying near the 0.6945 area on Wednesday and rises to a new daily high during the […]
AUD/USD falls from 0.7000 ahead of US CPI
The Australian dollar remains lower and traded within a tight range. Investors are bracing for the US consumer price index for July. Better-than-expected Australian business confidence data limited downward pressures. The AUD/USD pulls back from weekly highs but trades in choppy trading range as investors brace for US inflation report. This coupled with geopolitical wrangling […]
AUD/USD Defends 100-Day SMA Amid China-Taiwan Troubles
AUD/USD remains lower amid risks hanging over China and Taiwan. Rising copper and iron ore prices, combined with a weakening dollar, cap AUD losses. Bulls remain hopeful while above the 100-day SMA and ahead of key US inflation data. AUD/USD trades slightly below 0.7000, struggling for a clear directional move amid cautious risk sentiment, broad […]
AUD/USD jumps to 0.7000 zone, trades on multi-day highs
AUD/USD gains strong positive traction on Monday and is supported by a combination of factors. Falling US bond yields undercut the dollar and offer support to the aussie amid boosting risk appetite. Aggressive Fed expectations could limit dollar losses ahead of Wednesday’s US CPI report. The pair AUD/USD it hits a four-day high during the […]
AUD/USD bounces back above 0.6950, upside seems limited
AUD/USD attracts fresh buying on Monday and recovers from a more than two-week low. A positive risk tone offers support to the risk-sensitive AUD amid a modest decline in the USD. Recession fears, US-China tensions and Fed expectations could limit dollar losses. The pair AUD/USD extends Friday’s late bounce from 0.6870 zone, 2-week low, and […]