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.
Most Recent
The Australian dollar fell sharply after soft US CPI data reduced Fed rate cut odds, testing key support near 0.65 amid a lackluster Asia-Pacific market outlook.
The AUD/USD exchange rate stabilized after the latest Reserve Bank of Australia (RBA) interest rate decision. It was trading at 0.6530 on Wednesday as traders
The Australian dollar rallied after the RBA’s rate hold, but fading momentum near 0.6550 suggests the USD may regain strength if 0.6475 support breaks.
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The Australian dollar continues to test the 0.6550 support zone with bullish signals forming, though a breakout above 0.66 is needed to confirm upward momentum.
AUD/USD bounced back after a hotter-than-expected NFP report, forming a bullish hammer at 0.6550 and suggesting a potential rally toward the 0.67 level.
The Australian dollar remains stuck below the key 0.6550 level, as trade optimism fails to overcome gold weakness and market hesitation.
After a sharp risk-off drop, the Australian dollar regains strength. AUD/USD traders eye 0.65 as next target amid easing geopolitical fears. Full chart analysis inside.
The Australian Dollar slumps as global uncertainty boosts USD demand. Key support levels come into focus near the 50 and 200 Day EMAs. Can bulls hold the line?
The Australian dollar bounced Monday and now threatens a breakout above resistance. A golden cross supports the bullish trend as 0.66 and 0.67 become targets.
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Aussie dollar pauses at 0.6550 amid trade deal hopes and bullish crossover setup. Watch for daily close confirmation and short-term buying zones.
The Australian dollar slipped after strong US jobs data, but bullish bias persists unless AUD/USD breaks below the 200-day EMA amid China-linked uncertainty.
The Australian dollar pulled back into its previous range between 0.6350 and 0.65, as weak volume, China’s trade signals, and key EMAs keep the market indecisive.
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.