AUD USD Overview

Interesting news to consider before you trade Market participants mostly ignored the weak Friday data; the conclusion can be made based on the continued growth of currencies at the beginning of this week. The muted reaction to Friday's releases points to investor optimism about the economy and tradi...

Inflation in the USA Market Watch review. 17/05/2021 In today's release, we’ll cover the following topics: US inflation returns above 4%. US Federal Reserve key interest rate. Weakening of commodity currencies. The Canadian dollar has updated its highs since 2015. Oil market prospects. Since Februa...

Weakening of the USD Market Watch review. 21.04.2021 In today's release, we’ll cover the following topics: Unemployment in Britain. Weakening of the USD. Rising oil prices. Let's start with the publication of an unexpectedly good report on the labor market in Britain. In March the number of applica...

Unemployment in Germany and the oil market Market Watch review. 03.03.2021 In today's release, we’ll cover the following topics: RBA leaves main interest rate unchanged. Unemployment in Germany. Correction in the oil market. On Tuesday, the Reserve Bank of Australia left the main interest rate, as ...

Abnormal winter and the energy sector Market Watch review. 17.02.2021 In today's release, we’ll cover the following topics: Rising gas and oil prices.  Fear index.  Overall strengthening of risky currencies.  Retail sales in the United States.  I will start today's release with a noticeable drop in ...

Market Watch. COVID-19: The third wave of panic Market Watch review. 21.12.2020 In today's release, we’ll cover the following topics: A new strain of the virus in Britain.  The collapse in oil prices.  Financial aid in the USA.  Weakening of the AUD / USD pair.  Over the weekend, it was reported th...

Market Watch. Interest in risk has increased Market Watch review. 14.12.2020 In today's release, we’ll cover the following topics: Interest in risk has increased.  AUD continues to strengthen.  Britain and the EU are still negotiating.  Vaccination in the United States.  With the opening of the Euro...

$2.2 trillion from Democrats Market Watch review. 25.09.2020 In today's release, we’ll cover the following topics: Phase 3 of COVID-19 vaccine testing. Another stimulus package in the USA. Increase in home sales in the US primary market. Analysis of a AUD/USD sell deal. From time to time, the focus...

Australian dollar may now be tied to oil The Australian dollar’s fortunes have long been tied to the price of iron ore, the country’s biggest export, and the recent rally in the commodity on the back of growing demand from countries such as China is believed to be behind the substantial recovery in ...

Australian dollar ignores ratings downgrade The Australian dollar remains well supported in today’s trading session, shrugging off the latest decision by ratings agency S&P to downgrade Australia’s AAA rating from stable to negative on the basis of the condition of the local economy which has b...

Aussie dollar gains after Fed rate cut The Australian dollar has held up pretty well against it’s US counterpart in the wake of the Reserve Bank of Australia's decision to slash the cash rate by 25 basis points, which brings the country’s interest rate down from 0.75 percent to 0.50 percent. One of ...

Jump in unemployment rate hits the Australian dollar The Australian dollar fell to a two-week low on Thursday, back below the US68c mark after a rise in the country’s unemployment rate which has raised the odds of further rate cuts by the reserve Bank of Australia as the year unfolds The unemploymen...

Aussie dollar gives up gains The Australian dollar remains on the backfoot in today’s trading session after comments by the Reserve Bank of Australia deputy governor fueled speculation of further rate cuts as the year unfolds.   RBA Deputy Governor Guy Debelle noted that any further depreciation in ...

Australian dollar to remain pressured The Australian dollar is making a run for the US68c mark in today’s trading session following the release of minutes from the latest policy meeting which warned the market again that interest rates were likely to remain low for an extended period. And once again...

Apparently, traders didn’t like the PMI data from the Eurozone. The main pair suffered, slipping to its lowest levels in 2018. Buyers are still fighting for the support, which already worked two days ago. This could be a great place for a double bottom formation but for a proper buy signal, we will....

The mid-term positive sentiment for the USD is over, now it’s time for some reversals. One of the best setups can be seen on the EURUSD pair, where the price is bouncing from the 38.2% Fibonacci, creating a daily hammer and an inverse head and shoulders pattern on the H1 chart. Sometimes you wait f....

The Australian dollar was once again sharply rejected at the US80c mark in today’s trading session as senators in the US voted to end a government shutdown and Australia’s biggest export tumbled over 4 percent. In a last minute deal, senators from both sides of the US congress joined forces and agre...

USD underwent some turbulence yesterday, but it seems that the situation is now back on track. Gold is in a strong uptrend but we’re slowly seeing a bigger appetite for a bearish correction here. The first chance to do that may be created by the head and shoulders pattern, which is now being formed....

Welcome after Christmas! The last week in 2017 we start with the continuation of the mid-term trends. First, we start with the EURUSD, which is using a fourth flag in a row to create another bullish upswing. The target for now is the line connecting recent crucial lower highs, which makes it a dece....

Bitcoin tumbles as never before. Is that a burst of the bubble or just a normal correction? Since its top at around 19,000, BTC broke few horizontal supports and recent mid-term upwards trend line. This can be a game changer here, but remember that in history, every dip was bought and ended with cr....

After triggering major sell signal on the 5th of December gold went significantly lower but in the last few days we have had a bullish correction which aimed the previous broken support. Why are we talking about correction and not reversal? Well, the upswing is shaped like a wedge so it promotes th....

As we suggested yesterday, sell signal on gold is on! The recent support was successfully tested as a new resistance, which helped to push prices to mid-term lows. The sell signal on gold is very strong and we should see a further decline in the price of this precious metal. The weakness of gold is....

The hawkish RBA has given AUD a boost, creating a nice trading opportunity on the AUDUSD pair. First of all, we have a bounce from the upwards trend line. Next are the correction equality pattern and the iH&S formation. What’s more, the price came back above the 38.2% Fibonacci and used that as....

The USD had been following the technical forecasts on several instruments before the dovish FOMC minutes induced a reversal. This is what happened with the EURUSD pair, for example, which is now aiming for 1.186, which looks to be a very strong resistance. AUDUSD used the correction equality patter....

Sell below 0.7630. Stop loss at 0.7743. Take profit at 0.7514 before 0.7374. Reason for the trading strategy (technically): While yesterday saw very little movement on AUDUSD, price has broken a major support level triggering a bearish move from here. We look to sell on strength below major resistan...

Sell below 0.7630. Stop loss at 0.7743. Take profit at 0.7514 before 0.7374. Reason for the trading strategy (technically): Price has broken a major support level triggering a bearish move from here. We look to sell on strength below major resistance at 0.7630 (Fibonacci retracement, horizontal over...

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730. Reason for the trading strategy (technically): AUDUSD continues to test our major support. We remain bullish looking to buy above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long term Fibonacci retracement) fo...

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730. Reason for the trading strategy (technically): Price continues to rise nicely from our buying area, having made a bullish exit of its descending resistance-turned-support line. We remain bullish looking to buy on dips above 0.7628 major s...

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730. Reason for the trading strategy (technically): Price has now formed an even stronger bullish reversal signal with our bullish divergence. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal...

Buy above 0.7628. Stop loss at 0.7556. Take profit at 0.7730. Reason for the trading strategy (technically): Price has bounced absolutely perfectly above our buying area and is on track to our profit target. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, ho...