AUD/USD starts off bid and eyes are on 0.7000/20
AUD/USD is moving in on the price imbalance in the 0.6980s. There is further potential for a move-up in the initial balance for the week with CPI eyed. The key areas to the downside are 0.6950 and 0.6910 ahead of 0.6870. AUD/USD is starting out the week a touch higher as the commodities complex remains […]
Dow Jones, Nasdaq 100, Canadian Dollar, BoC, AUD/USD, NZD/USD
Body: Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment was a mixed bag last week. On Wall Street, the Dow Jones plummeted 2.38% as the tech-heavy Nasdaq 100 soared 1.27%. Things looked worse across the Atlantic Ocean, the DAX 40 and FTSE 100 fell -0.35% and -0.94%, respectively. Markets were rosier […]
AUDUSD finds the sellers near hourly MAs and swing area on the rebound
The AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when […]
A trading lesson in the technical analysis of the AUDUSD
In this video technical analysis, Greg Michalowski explains why the market does what it does by looking at the price action in the AUDUSD. The video outlines the bias and risk and gives his technical views – supported by the price action. Watch and learn. Source link
How to get jackpot on combined analysis of BTCUSD, XAUUSD, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF ?! – Charts – 20 January 2023
Here you can find that several major currency pairs have strong ties to shape global market movements. Apart from that, the popularity of these pairs has a very large transaction volume. Has the ability to trigger reversals and trends. Then, how do you get the jackpot? Okay..okay.. actually the topic above is more precisely “the […]
AUD/USD and NZD/USD At Risk of Additional Losses – Analytics & Forecasts – 20 January 2023
AUD/USD declined below the 0.7000 and 0.6950 support levels. NZD/USD also declined towards 0.6365 and is currently attempting a recovery wave. Important Takeaways for AUD/USD and NZD/USD · The Aussie Dollar started a fresh decline from well above the 0.7000 level against the US Dollar. · There was a break below a key bullish trend […]
AUD/USD bulls reclaimed 0.6900 as the USD wobbles
A risk-on impulse favored risk-perceived currencies like the Australian Dollar. The US housing market continues to deteriorate, as shown by Existing Home Sales plunging. Fed officials favor a deceleration of rate hikes, though the higher-for-longer stance remains unchanged. The AUD/USD edged higher in the mid-North American session on Friday, following a soft employment report from […]
Bulls are trapped, 0.6950 eyed before further downside potential to test below 0.6800
AUD/USD bears are stalling, for now, and there are eyes on 0.6935 with the 38.2% Fibonacci around 0.6950 Bears eye a break of 0.6905 to open the price imbalance below and a run to 0.6800 and 0.6750 below there. AUD/USD bulled in breakout traders when the price broke 0.7000 and reached the 0.7060s. At this juncture, the […]
0.6894/21 to hold the current weakness to keep the near-term bias higher – Credit Suisse
AUD/USD is testing 0.6894/6720, which analysts at Credit Suisse look to hold to keep the risk skewed higher for a retest of retracement resistance at 0.7089/92. Stable close below 0.6821 to trigger more neutral and choppy trading “Despite the setback, medium-term momentum is still rising and the breakout remains intact and we, therefore, stick with […]
Risks still tilted to the upside on the back of positive external developments – ING
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which […]