The AUD/USD pair should continue to struggle with 0.70 handle as today is consolidating the renewed upside around 0.6985 zone, up 0.10% on a day, though downside is limited by bounce in iron ore prices, lukewarm US dollar tone and equity resilience, economists at Westpac apprise.
AUD - Australian Dollar
The Australian dollar crept higher through trade on Wednesday, buoyed by a softer USD and an uptick across equities and commodity prices. Having traded sideways through much of Wednesday the AUD regained upward momentum, again closing in on 0.70 US cents. The AUD touched intr
The Australian government is urging the citizens in Hong Kong to reconsider the need to remain there given the new security. It has also advised Australian citizens not to travel to Hong Kong. AUD/USD was unaffected by these latest developments – keeping its range near daily lows of 0.6970, down 0.1
AUD/USD keeps losses as China's PPI registers a bigger-than-expected drop.
Sustained deflation in factory-gate prices is bad news for commodity dollars and risk assets.
The rising number of coronavirus cases keep risky assets under pressure.
AUD/USD remains on the defensive following the release
AUD/USD keeps losses as China's PPI registers a bigger-than-expected drop. Sustained deflation in factory-gate prices is bad news for commodity dollars and risk assets. The rising number of coronavirus cases keep risky assets under pressure. AUD/USD remains on the defensive following
From the Land of Oz. Aussie’s PM (Scott Morrison) has hinted at further restrictions on travel while raising concerns over the HK issue. In the midst of growing COVID 19 concerns and Australia-Sino tensions, AUD/USD is trading flat just below 0.6950.#AUD/USD#
Early Wednesday morning in Asia, Australia’s Depart of Foreign Affairs and Trade (DFAT)warned that their citizens living in and traveling to China may be arbitrarily detained, per Sydney Morning Herald.
The upgraded travel advice on Tuesday follows a similar warning for Hong Kong last we
AUD/USD bulls buckle below weekly highs as risk sentiment deteriorates.
Australia's ASX 200 Index was down 0.20% at 5,999.40 points in early trade.
AUD/USD is currently trading at 0.6947 and virtually flat n the day having stuck to a relatively tight 0.6932/50 range for the Asian session so far.
AUD/USD has been on the back foot after Melbourne was put under a strict six-week lockdown after COVID-19 cases. Victoria's decision to shutter Australia's second-largest city finds Aussie/USD in a vulnerable spot on the graphs.
The Technical Confluences Indicator is showing that AUD/USD has weak su
AUD/USD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is still trading inside the “overbought area”. However, the pair has already broken +1/8 and may continue growing to reach the resistance at +2/8. However, this scenario may be canceled if the price breaks +1/8 to the downside. After
AUD/USD pulls back from session highs, confirming a bearish divergence of RSI.
The pair risks a deeper drop to the 50-hour SMA support.
AUD/USD has failed to take out resistance at 0.70 ahea
The RBA is expected to maintain interest rates at 0.25%, with no major forecasts expected to support an increase in Quantitative Easing (QE). AUD/USD are remaining cautiously positive. Any surprise announcements either in the form of QE or an unlikely rate change could cause severe reactions.[[1,#RB