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0.8508 -0.0024 (-0.28%)
13:06:17 (GMT)
Bid 0.8507
Ask 0.8508
Open 0.8533
High 0.8565
Low 0.8480
 

Daily Technical Analysis

The AUD/USD is continuing its sell-off after plunging sharply lower on Tuesday. The selling pressure was triggered by comments in a speech by Reserve Bank of Australia deputy governor Philip Lowe who said the RBA still believes the Aussie remains...
The AUD/USD pair has broken down below the recent low, and looks as if it’s ready to head down to the 0.85 handle. That area should be massively supportive, as the market should continue to go lower from there. We...
The AUD/USD pair fell hard during the session on Monday, continuing the downtrend that we have seen for some time. We tested the 0.86 level, which is just above the support so on that we are looking at all the...
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Weekly Technical Analysis

The AUD/USD pair initially fell during the course of the week, but then ultimately bounce slightly. That being the case, the market looks as if it is trying to find support just below at the 0.85 handle. At this moment...
The AUD/USD pair initially dipped during the course of the week, but then bounced enough to form a hammer yet again. This is the second week in a row we have seen is, so it appears of this market is...
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Daily Fundamental Analysis

Analysis and Recommendation: The AUD/USD is trading at 0.8535 slightly up from its tumble on Tuesday when it fell below the 85 range. The updated OECD report warned on Australian growth as well as commenting on the RBA rates and...
Analysis and Recommendation: The AUD/USD tumbled 34 points to 0.8582 threatening to set new near term lows as the US dollar gained and traders had time to absorb comments from China and the surprise interest rate decrease last week. The...
Analysis and Recommendation: The AUD/USD gained 19 points showing strength ever since the PBOC dropped interest rates. Last Friday it unexpectedly announced a 40-basis-point cut in its one-year lending rate to 5.6 per cent. The move both surprised and delighted...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation: The AUD/USD recovered late in the...
Weekly Analysis and Recommendation: The AUD/USD gained 42 points at...
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More AUD/USD Report

 
Wall Street climbed on Monday, with retailers including Urban Outfitters gaining as investors bet lower gasoline prices will translate into increased sales as consumers shop for holiday gifts. Asian indices traded mixed on Tuesday as momentum cooled from the previous session's China-inspired rally. Worldwide business confidence slumped to...
The AUD/USD failed to follow-through to the upside following Friday’s strong rally. Since the main trend is down on the daily chart. Sellers came in to defend the .8680 to .8707 retracement zone. Based on the price action, it looks as if sellers have formed a potentially...
The AUD/USD soared on Friday after China’s central bank cut interest rates to lift a slowing economy. The Aussie rallied along with mining stocks despite comments from the Reserve Bank of Australia’s head of economic analysis Alexandra Heath. He said there was “some uncertainty around how fast...