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Australian Dollar (AUD) vs US Dollar (USD) Technical Analysis: Choppy Consolidation Expected
Read Time: 2 minutesRecent Price Action: Technical Levels: Market Outlook: Trading Strategy: Overall: The AUD/USD pair is expected to remain stuck in a consolidation pattern due to a lack of strong directional cues from central bank policies and broader market sentiment. Range-bound trading with a focus on near-term opportunities might be a suitable strategy in…
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Australian Dollar (AUD) Update: Holding Steady, RBA Policy in Focus and Potential Tailwinds on the Horizon
Read Time: 4 minutes[responsivevoice_button rate=”1.3″ pitch=”1.1″ volume=”2″ voice=”UK English Female” buttontext=”CLICK TO LISTEN THE ARTICLE”] Market Stasis: The AUD/USD currency pair continues to exhibit consolidation around the $0.6535 level, mirroring a lack of significant directional cues in the past 24 hours. This stability extends to other major AUD crosses like EUR, GBP, NZD, and CNH,…
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US Inflation and Australian Job Data to Steer Dollar and Aussie in a Tense Market Week
Read Time: 4 minutesUS Inflation and Market ImpactThe upcoming US inflation report is a critical event for financial markets, closely monitored by traders and central banks. Despite the Federal Reserve’s resistance to the idea of multiple rate cuts, with Chair Jerome Powell dismissing a March rate hike and Raphael Bostic predicting a rate cut in…
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Australian Dollar declines despite the improved Aussie PMI data while US Dollar stays calm
Read Time: 4 minutesThe Australian Dollar (AUD) retraces its recent gains on Wednesday despite the improved preliminary Purchasing Managers Index (PMI) from Australia, released on a monthly basis by Judo Bank and S&P Global. However, the US Dollar (USD) maintains stability, holding its positive position from the previous session, despite a decrease in the 2-year…
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AUD/USD Rebound Eyes Test of 50-Day SMA
Read Time: 3 minutesAUD/USD carves a series of higher highs and lows after taking out the December low (0.6526), but the exchange rate may struggle to retain the advance from the month low (0.6525) as it trades below the 50-Day SMA (0.6637) for the first time since November. US Dollar Forecast: AUD/USD Rebound Eyes Test…
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AUD moves sideways amid RBA Bullock’s cautious remarks
Read Time: 2 minutes1. Resilient Australian Dollar: Gains Persist Despite Weak Retail Sales The Australian Dollar (AUD) maintains its upward trajectory, extending its winning streak for the fourth consecutive session, despite the release of downbeat seasonally adjusted Retail Sales data from Australia. The AUD’s resilience is evident as it hovers near its peak from early…
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AUD/USD TECHNICAL ANALYSIS SNAPSHOT.
Read Time: < 1 minuteOverall, AUD/USD marginally broke the lower bound of the six-month trading range of 0.6459 – 0.6900 when it traded at 0.6554. If the price fails to run lower in the next few sessions, it might be regarded as a false break. That scenario may also indicate that a Double Bottom could be in…
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Australian Dollar Defies Gravity with Action Out of China, the PBOC and Japan.
Read Time: 3 minutesThe Australian Dollar scoped out yesterday’s 10-month earlier today before rebounding on a bunch of data domestically and from Japan and China. The backdrop to today’s move in the Aussie, and broader markets, has been the rise of the US Dollar being fanned by higher Treasury yield tailwinds. The benchmark 10-year Treasury note eclipsed…
