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
AUD/USD stalled at 0.6550 on Friday as weak US jobs data failed to lift the pair, with global trade risks and soft risk appetite weighing on the Aussie.
The Australian dollar slid sharply Thursday, with 0.6550 capping upside and risks pointing toward 0.64 if the 50-day EMA fails to hold.
The AUD/USD is stuck at key resistance around 0.6550, with limited upside and potential downside toward 0.64 if the US dollar regains momentum.
Top Forex Brokers
The Australian dollar bounced after Powell’s dovish remarks, but AUD/USD faces stiff resistance at 0.6550 as doubts over the global economy linger.
The Australian dollar weakens toward the 200-day EMA, with resistance at 0.6550 and Fed signals likely to determine the next move.
The Australian dollar is under pressure after a failed rally at 0.6550, with strong US PPI data raising the risk of renewed US dollar strength and potential downside toward 0.64.
The Australian dollar remains choppy and relatively weak, with 0.6420 as critical support and 0.66 as tough resistance, despite softer US dollar sentiment.
The Australian dollar remains weak and directionless near the 50- and 200-day EMAs, pressured by global trade fears and underperformance in commodity markets.
The Australian dollar bounced on Friday's weak US jobs report but remains capped by the 50-day EMA, with traders watching for a potential breakdown below recent lows.
Bonuses & Promotions
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.
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.