AUD/USD: Upside attempts remain capped below 0.7300 on RBA’s monetary policy statement
AUD/USD has bounced-off a dip to session lows of 0.7255, although the sellers continue to lurk near 0.7290 levels despite the RBA explicitly calling o
Read More »AUD/USD on Edge of Key Support Less Than 2 Days Before US Election
AUD/USD has been trading near critical support, though it has been reluctant to break lower. Are traders waiting for the outcome of the US presidential election?
Read More »AUD/USD Breaks September Low Ahead of RBA, Fed Rate Decisions
The future implications of the US election may influence AUD/USD following the RBA and Fed rate decisions as Congress struggles to pass another round of fiscal stimulus.
Read More »AUD/USD Selloff May Deepen With Stalemate on Fiscal Talks. Biden Leads
AUD/USD may decline as it tests key support amid swelling risk aversion from bipartisan intransigence over fiscal stimulus and a spike in Covid-19 cases.
Read More »AUD/USD: Bids elusive despite above-forecast Aussie CPI
A better-than-expected Australian consumer price index (CPI) inflation data released soon before press time is struggling to draw bids for the Aussie
Read More »Australian Dollar, AUD/USD May Fall as Jobs Data Underscores Dovish RBA
The Australian Dollar may extend losses after rising unemployment underscored an increasingly dovish RBA, opening the door to AUD/USD resuming August’s top on bearish technical cues.
Read More »AUD/USD Unfazed by Ban on Australian Coal as Risk Appetite Improves
The improvement in risk appetite may keep AUD/USD afloat as the US Dollar reflects an inverse relationship with investor confidence.
Read More »AUD/USD Price Analysis: Rejected at 6-week bearish trendline
AUD/USD currently trading in the red at 0.7216, having faced rejection at 0.7234. That level is housing the trendline connecting Sept. 1 and Sept. 18
Read More »AUD/USD Outlook Hinges on RBA Meeting, Australia Budget Update
Key developments coming out of Australia may influence AUD/USD as the update to the federal budget lines up with the Reserve Bank of Australia (RBA) meeting on October 6.
Read More »AUD/USD Staging a Comeback as Joe Biden Surges in the Polls
AUD/USD is trading below a key resistance range after successfully bouncing from support at 0.7018 in tandem with growing support for Democratic nominee Joe Biden.
Read More »