The AUD/USD pair exhibited strong performance in Q1, supported by tightening from the Reserve Bank of Australia and an expanding yield advantage relative to the United States. However, the AUD/USD outlook for Q2 is becoming increasingly complex. Geopolitical tensions, elevated oil prices, and shifting expectations for both the Reserve Bank of Australia and the Federal … Read more
The AUD/USD pair maintained its downward trajectory on Thursday as Iran and the United States adopted divergent stances regarding the resolution of the ongoing conflict. The value decreased to 0.6940, a decline from the peak of 0.7180 observed earlier this year. The AUD/USD pair experienced a decline this week following the Iranian government’s dismissal of … Read more
The AUD/JPY pair is currently trading lower, positioned at approximately 110.85 during the early European session on Wednesday. The cross maintains a slightly optimistic outlook in the short term, accompanied by a decrease in bullish RSI momentum. The primary resistance level to monitor is 113.20, while the first support level is identified at 110.00. The … Read more
The currency pair has dropped to around 0.7080 during the Asian session on Friday. In February, Australia’s Unemployment Rate rose to 4.3%, falling short of the market consensus expectations. The PBOC kept the LPR rates steady in March, in line with what was anticipated. The currency pair is currently positioned in negative territory, hovering around … Read more
AUD/USD advances to approximately 0.7115 during the Asian session on Wednesday. The RBA increased the OCR by 25 basis points to 4.10% from 3.85% during its March monetary policy meeting. Markets anticipate that the Fed will maintain the current rates on Wednesday. The AUD/USD pair is experiencing upward momentum, approaching 0.7115 in the Asian trading … Read more
AUD/USD is currently positioned in negative territory, hovering around 0.7060 during Tuesday’s Asian session. The RBA increased its OCR by 25 basis points to 4.10% during the March meeting, aligning with expectations. The Federal Reserve is poised to maintain interest rates at their current levels during the upcoming March meeting on Wednesday. The AUD/USD pair … Read more
The currency pair is experiencing a drop, nearing 0.7060 in the early hours of the European session on Friday. A poll indicated that the central bank is expected to increase the interest rate to 4.10% next week. The positive outlook for the pair remains intact, staying above the important 100-day EMA. The first downside target … Read more
AUD/USD draws interest from buyers around the 0.7170 mark during the early Asian session on Wednesday. A growing number of economists anticipate that the RBA will increase interest rates in the upcoming week. The prevailing positive bias of the pair remains intact above the significant 100-day EMA, supported by bullish RSI momentum. The initial support … Read more
The AUD/USD exchange rate experienced a modest increase to 0.7030 on Monday, as market participants monitored the continuing conflict in Iran, rising crude oil prices, and the forthcoming consumer inflation report. The asset has surged from this month’s low of 0.6945. The AUD/USD exchange rate remained stable as market participants responded to the continuing conflict … Read more
The AUD/USD pair attempted to gain ground at the outset of Thursday’s trading session, but subsequently declined significantly. AUD/USD currently presents notable trading challenges, primarily because the Reserve Bank of Australia is expected to continue with rate hikes in the future. At the same time, AUD/USD remains highly sensitive to shifts in global risk appetite. … Read more