AUD/USD witnesses a modest pullback from the vicinity of a two-month high set on Thursday. The USD short-covering move is seen as a key factor exerting downward pressure on the pair. The risk-on impulse offers some support to the risk-sensitive aussie and limits the downside. The AUD/USD pair faces rejection near a technically significant 200-day… Read More »
AUD/USD braces for the biggest weekly gain since November 2020 inside one-month-old ascending trend channel. Overbought RSI conditions suggest pullback from the stated channel’s resistance. 200-SMA holds the key for bear’s entry, bulls can aim for June’s peak beyond 0.7150 nearby hurdle. AUD/USD grinds higher around intraday top surrounding 0.7125 heading into Friday’s European session.… Read More »
AUD/USD fails to capitalize on the early upside amid a souring mood. Falling Treasury yields cap USD recovery, offering aussie some support. Acceptance above 200 DMA is critical for AUD bulls after recent gains. AUD/USD is defending minor bids just above 0.7100, helped by a pause in the US dollar recovery ahead of the Consumer Sentiment… Read More »
A break of the consolidation formed in a 0.6869-0.7047 range strengthened the aussie bulls. An establishment above 61.8% Fibo retracement adds to the upside filters. Advancing 20-and 200-EMAs signal more gains ahead. The AUD/USD pair has declined gradually below 0.7100 after printing a high of 0.7135 on Thursday. The asset has tumbled after sensing exhaustion… Read More »
AUD/USD bulls take a breather around 11-week top amid cautious optimism. Softer US PPI, Aussie CPI joined firmer equities to favor the pair buyers. Strong yields, fears of US-China tussles and the Fedspeak tested the upside momentum. Risk catalysts eyed for immediate directions amid a light calendar in Asia, US Michigan Consumer Sentiment Index is… Read More »
AUD/USD is being pressured as the US dollar recovers in midday New York trade. The bears are moving in with US yields also rallying and as US stocks tail-off. The US dollar DXY, and the US 10-Year Treasury yields were lower which had been giving US stocks and higher beta currencies such as the Aussie a lift at the… Read More »
AUD/USD catches fresh bids on Thursday and climbs to a two-month high amid weaker USD. Diminishing odds for a larger Fed rate hike in September, the risk-on mood weighs on the USD. The technical set-up favours bullish traders and supports prospects for further near-term gains. The AUD/USD pair attracts some dip-buying on Thursday and steadily… Read More »
AUD/USD attracts some dip-buying on Thursday and climbs back closer to the 0.7100 mark. The risk-on impulse undermines the safe-haven USD and benefits the risk-sensitive aussie. Recession fears, the overnight hawkish remarks by Fed officials could limit the USD losses. A sustained move beyond the 0.7100 mark is needed to support prospects for further gains.… Read More »
AUD/USD has slipped to near 0.7070 amid a downward shift in Aussie inflation expectations data. The Aussie inflation guidance data has landed at 5.9%, lower than the prior release of 6.3%. A meaningful decline in US CPI may trim Fed’s hawkish guidance. The AUD/USD pair has dropped to near 0.7070 as the University of Melbourne… Read More »
AUD/USD bulls take a breather around two-month top, after printing the biggest daily jump in eight weeks. Hawkish Fed bets slumped on easy US CPI for July, Fedspeak remains worrisome. US rethinks over China tariffs after the Taiwan incident and pokes risk-on mood amid recession fears. Australia’s Consumer Inflation Expectations for August appear important catalyst.… Read More »
