AUD/USD struggles to gather upside traction as Aussie jobless rate rises
The AUD/USD pair is struggling to draw bids as Australia’s jobless rate ticked higher in June and full-time employment tanked. The pair is currently t
Read More »Australian Dollar Forecast: RSI Flops Ahead of Overbought Territory
AUD/USD may consolidate over the coming days as the Relative Strength Index (RSI) appears to be reversing course ahead of overbought territory.
Read More »AUD/USD Rate Approaches 2020 High Ahead of RBA Rate Decision
AUD/USD may continue to approach the 2020 high (0.7064) ahead of the RBA rate decision on July 7 as the central bank is widely expected to retain the current policy.
Read More »Australian Dollar Resilience Undermined by Break of Bullish RSI Trend
It remains to be seen if the resilience in AUD/USD will carry into July as the Relative Strength Index (RSI) snaps the bullish trend from earlier this year.
Read More »When is China’s Caixin Manufacturing PMI and how could it affect the AUD/USD?
Having witnessed upbeat prints of China’s NBS Manufacturing PMI the previous day, AUD/USD traders eye June month Caixin Manufacturing PMI from the dra
Read More »AUD/USD Rate to Face Another Sharp Decline in Australia Employment
The update to Australia’s Employment report may influence AUD/USD as the economy is expected to shed 125K job in May.
Read More »AUD May Suffer vs USD Ahead of Chinese Industrial & Retail Sales Data
The Australian Dollar may extend its decline versus the anti-risk US Dollar and Japanese Yen ahead of the release of Chinese industrial and retail sales data.
Read More »AUD/USD aims to regain 0.7000 after a brief drop under the threshold
AUD/USD recovers the early-day losses while taking a U-turn from 0.6964 to currently around 0.6990. Even so, the Aussie pair prints 0.14% intraday los
Read More »AUD/USD’s relief spike to test 0.67 level
AUD/USD has rallied in Tokyo, jumping from 0.6660 to a high of 0.6701. At the time of writing, AUD/USD trades at 0.6694 having travelled from a low of
Read More »Australian Dollar May Wilt, Markets Await Trump China News Conference
The Australian Dollar may be at risk to a reversal against the US Dollar after Trump announced a news conference on China later today. Until then, financial markets may remain…
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