The AUD USD is trading steady to lower overnight. The market has traded sideways since posting a potentially bearish closing price reversal top on Monday.
Australian Dollar
Fundamental and technical analysis of the Australian Dollar/U.S. Dollar (AUD USD).
Aussie Dollar in Position to Post Daily Closing Price Reversal
After piercing a lower level Gann angle the last two sessions while walking down a steeper one since topping at 1.0764, the AUD USD is rebounding today. Not only...
Forex Traders Prepare “To Go the Way of the Move”
This week’s Forex markets have been highlighted by low volume and tight ranges, leading to the formation of consolidation patterns in many of the major currencies.
U.S. Dollar Mixed after Bearish Jobs Data Report
The U.S. Dollar is trading mixed this morning showing weakness against the Japanese Yen, Swiss Franc and Euro as Forex traders absorbed employment data showing the U.S. economy added...
Aussie, Kiwi Rise on Improved Economic Outlooks
Improving economic outlooks for Australia and New Zealand have put both currencies in a position to close higher for the week for the first time in a month.
Commodity-Linked Currencies Not Reacting Yet to Stronger Metals
Higher commodity prices led by rallies in Gold and Silver are not helping the commodity-linked currencies this morning. Earlier in the trading session, it looked as if the Australian,...
Forex Traders Working to Figure Out IMF News Impact
U.S. Dollar looks strong on the opening. The focus will be on the Euro and how traders react to the arrest of the IMF chief this week-end in New...
Aussie Reversal Tops Sets Up Next Decline
The Australian Dollar is trading lower this morning, following Monday’s closing price reversal top and Tuesday’s confirmation. Investor appetite for riskier assets continues to soften, setting up the possibility...
FOMC Decision Should Not Change U.S. Dollar’s Downtrend
There is not much change in the currency markets overnight ahead of the start of the Federal Open Market Committee’s two-day meeting.
High-Priced Aussie Leads to Surprise Trade Deficit
To many traders who watched the Australian Dollar post a closing price reversal top on Monday, the chart pattern may have been signaling possible overbought conditions.
Global Growth Prospects Boost Demand for Australian Dollar
The AUD USD rose sharply overnight, negating Monday’s closing price reversal top on prospects global growth will boost demand for commodities. Trader sentiment has rapidly shifted toward risk as...
AUD USD Approaching All-Time High at 1.0256
The Australian Dollar is poised to post a huge gain for the week after an overnight surge put the currency in a position to take out the December 2010...
U.K. Inflation Surge Triggers USD GBP Rally
The GBP USD jumped overnight on renewed talk of an interest rate hike by the Bank of England. Traders reacted positively to the news that the Office for National...
Euro Likely to Break to 1.3733
The Euro continued to erode following its closing price reversal top earlier in the week. Downside momentum helped drive the Euro closer to the retracement zone at 1.3732 to...
U.S. Dollar Gets Boost from Flight-to-Safety Buying
Flight-to-safety buying could be the theme today if conditions continue to escalate in the Middle East, particularly Libya. Overnight the U.S. Dollar moved higher against most major currencies as...
Aussie Dollar Ready to Roll Lower
The Australian Dollar is under pressure overnight. A new main top has been formed at 1.0200, setting up a possible retracement to 1.0033 to .9993. Yesterday’s interest rate...
China Rates Hikes could Take Down Australian Dollar
The Australian Dollar is under pressure overnight following a rate hike by China’s central bank. The 25 basis point rise to 3 percent is the second attempt in just...
Sentiment Shift to Risk Pressuring Dollar
The Dollar is getting hit hard this morning as trader sentiment has shifted back toward risk, forcing bullish traders to unwind flight-to-safety positions initiated late last week.
Australian Dollar Rebounds; Next Target 1.0029
The Australian Dollar rebounded overnight, erasing earlier losses and putting the market in a position to post a daily closing price reversal bottom. The rally seems to be technically...
Forecast of Lower GDP Pressuring AUD USD
The lack of confidence in Australia’s growth prospects has been helping to pressure the AUD USD. Traders started...
