AUD/USD refers to the Australian Dollar/ US Dollar major currency pair. AUD/USD is one of the most actively traded currency pairs in Forex, with exceptional liquidity and high trading volume....
However, the Australian Dollar, or “Aussie”, as it is nicknamed in the Forex community, is not one of the six foreign currencies in the US Dollar Index, used to establish the value of USD dollar. Much of the popularity of the AUD/USD currency pair is due to the fact that the Australia is rich in natural resources like coal, iron ore, meat and wool. As a result, the AUD/USD is strongly influenced by commodity price shifts. A major trading partner and purchaser of Australian commodities is China, so the Chinese economic climate will have a substantial impact on the currency price. The price of both the Australian Dollar and the US Dollar, can be influenced by the interest differential between the Reserve Bank of Australia and the US Federal Reserve, as changing rates can weaken or strengthen a currency. So, for example, a weaker USD would give AUD/USD a boost. It is also worth noting that AUD/USD, which is quoted in USD, has a negative correlation with USD/JPY, USD/CHF, and USD/CAD.
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The Reserve Bank of Australia (RBA) lowered the cash rate by a quarter-point to 3.85% at today’s meeting.
The Australian dollar gave back gains on Wednesday, failing at 0.65 as rising US interest rates and Chinese economic uncertainty kept the pair in a sideways range.
The Australian dollar surged on Tuesday following softer US CPI data, with traders watching the 0.65 level as a key breakout point amid optimism over US-China trade progress.
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The Australian dollar erased early gains despite positive US-China tariff news, with AUD/USD showing bearish signals below 0.6350 as the US dollar strengthens broadly.
The Australian dollar showed signs of exhaustion near the key 0.65 level on Monday, suggesting potential resistance as bullish momentum fades.
The Australian dollar retreats from key resistance near 0.64, facing consolidation and downside risk amid technical barriers and China-related concerns.
The Australian dollar is testing major resistance at the 200-day EMA, with traders awaiting a breakout to determine whether 0.67 or 0.62 comes next.
The AUD/USD pair continues to fluctuate near the 200-day EMA and key 0.64 resistance level, as traders brace for potential volatility ahead.
The Australian dollar pulled back from the 200-day EMA and long-term resistance near 0.6440 on Wednesday, as fading US-China trade optimism capped gains.
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The Australian dollar is facing strong resistance at the 200-day EMA, signaling potential exhaustion after a sharp rally amid ongoing global trade uncertainties.
The Australian dollar pulled back from strong resistance at 0.64 during thin Good Friday trading, with key EMAs suggesting short-term consolidation.
The Australian dollar reversed sharply after testing the key 0.64 resistance, as technical exhaustion and renewed China-US trade tensions pressured the pair.
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Sign up to get the latest market updates and free signals directly to your inbox.The Australian dollar is attempting to build a floor near 0.59 despite heavy bearish pressure from global tariff tensions and Chinese trade concerns.
The Australian dollar gave up early gains on Tuesday, forming a bearish signal as ongoing US-China trade tensions weigh heavily on AUD sentiment.
The Australian dollar plunged Monday amid risk-off sentiment and tariff fears, but remains range-bound between 0.62 and 0.64 as markets stay volatile.