Category: AUDUSD
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FX Watch: AUD/USD And AUD/CAD To Make New Weekly Lows On Cooler AU CPI?
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Australia is about to print inflation data for the third quarter! Australian CPI Event Guide for Q3 2024 suggests we may see cooler price pressures compared to the previous quarter as commodity prices (but mostly oil) and average input costs eased while inflation expectations eased in the previous months. If…
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AUDUSD trades in the middle of close support and close resistance levels
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The AUDUSD pair is trading at 0.6723 and is close to the middle of nearby resistance at the swing zone at 0.6768 and close support at the 100-day moving average, 0.66929, and the swing zone low at 0.6685. The true midpoint of this range is 0.6725. With the price at…
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AUDUSD is lower on the week, but sellers had their shot and missed below key retracement.
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The Australian dollar fell against the US dollar a week ago as a result of the stronger-than-expected US jobs report. However, the price remained above the 200-bar moving average on the 4-hour chart (green line on the chart below). It wasn’t until Monday when the price broke below this level…
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The AUDUSD is lower and below a key downside target.What next for today and going forward
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The Australian dollar fell sharply against the dollar in US trading today on the back of the strong US jobs report. The bearish move has pushed the price below the 38.2% retracement of the upward move from the September 11 low at 0.6819 and also the bullish 100 bar moving…
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Chart Art: Is AUD/USD Headed For Deeper Pullback Levels?
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The AUD/USD pair is heading lower after recent events pushed US demand higher. How far will the CMD pair go before the bulls extend their multi-week uptrend? The 4-hour time frame can give us clues: AUD/USD Forex 4 Hours Chart by TradingView In case you missed it, an upbeat jobs…
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AUDUSD Technical Analysis – Some consolidation ahead of the NFP report
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Basic overview The US dollar got a little support this week as Fed Chair Powell reiterated that 50 basis points easing by the end of the year remains the base case. As a result, the probability that the Fed will cut interest rates by 50 basis points in November fell…
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US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high
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The Australian dollar reached its highest levels since February 2023 as part of a broad sell-off in the US dollar following weak US inflation data and China cutting lending rates. A final break above 0.6900 in AUD/USD breaks the June 2023 high and a series of rallies in this range.…
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Chart Art: AUD/USD Is Finding Support From A Long-term Trend Line!
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Australian dollar buyers may be preparing to take action after a short dip. Do you think the AUD/USD pair is ready to extend its weeks-long uptrend? We take a closer look at the 4-hour chart! AUD/USD currency pair on 4-hour chart Chart by TradingView Risk assets such as the Australian…
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AUD/USD hits its highest since February 2023, remains UBS’ ‘most preferred’
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UBS was not impressed by China’s stimulus announcement on Tuesday. In a summary of the note: The announcement marks a positive step towards a more supportive approach. But it does not match the scale of previous stimulus efforts that have led to sustained market rallies. Monetary easing by itself will…
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AUDUSD buyers take the price of the pair to highest level since July 2024
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The AUDUSD pair is moving higher today. The Reserve Bank of Australia kept interest rates unchanged: The Reserve Bank of Australia (RBA) was the latest central bank to announce its policy target when it left the cash rate unchanged at 4.35% in September 2024, as expected. The central bank noted…
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AUDUSD dips to moving average support. What next technically?
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The AUD/USD pair rose and tested a swing high near 0.6823 in the Asian and European sessions. The price then declined as stocks fell in early US trading. However, as the AUD/USD pair approached its rising 100-hour moving average at 0.6778, buyers returned and halted the decline. Why is this…
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AUDUSD dips to moving average support. What next technically?
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The AUD/USD pair rose and tested a swing high near 0.6823 in the Asian and European sessions. The price then declined as stocks fell in early US trading. However, as the AUD/USD pair approached its rising 100-hour moving average at 0.6778, buyers returned and halted the decline. Why is this…
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Chart Art: Is AUD/USD Ready for a Bearish Reversal?
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The AUD/USD pair is struggling to reach its 2024 highs. Does this mean Australian traders are ready for a bearish reversal? We take a closer look at the 4-hour time frame! AUD/USD currency pair on 4-hour chart Chart by TradingView The US dollar lost some ground against its major peers…
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AUDUSD moving into a cluster of technical levels. Can the momentum continue?
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The AUD/USD pair reached session highs, surpassing two of the four key technical levels: the 50% retracement of the move down from July at 0.6473 and the 100-bar moving average on the four-hour chart at 0.6577. The current price is trading at 0.6586. Next targets are the 200-day moving average…
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AUDUSD is bouncing after exhausting momentum. NZDUSD has a small bounce. Not impressed
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The AUDUSD and NZDUSD pairs have been going hand in hand this week towards the downside, but the NZDUSD pair has seen more bearish momentum. Yesterday, the AUD/USD pair fell below its 200-day moving average and 50% retracement near 0.6583 and 0.6579 respectively. The price then gained momentum after breaking…
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AUDUSD is bouncing after exhausting momentum. NZDUSD has a small bounce. Not impressed
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The AUDUSD and NZDUSD pairs have been going hand in hand this week towards the downside, but the NZDUSD pair has seen more bearish momentum. Yesterday, the AUD/USD pair fell below its 200-day moving average and 50% retracement near 0.6583 and 0.6579 respectively. The price then gained momentum after breaking…
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AUDUSD runs into a cluster of support as the week moves toward the close.
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The AUDUSD pair has been down this week, but as the week comes to a close, the AUDUSD pair is facing a range of support as the week comes to a close. The area is located between 0.6676 and 0.6689. He targeted this area in the post on Wednesday, saying:…
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AUDUSD runs into a cluster of support as the week moves toward the close.
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The AUDUSD pair has been down this week, but as the week comes to a close, the AUDUSD pair is facing a range of support as the week comes to a close. The area is located between 0.6676 and 0.6689. He targeted this area in the post on Wednesday, saying:…
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AUDUSD Technical Analysis – The pair bounced from the key support
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Basic Overview The US dollar remains in a bearish mood as US data points to continued strong growth with low inflation. Yesterday, we got a good US retail sales report which suggests that stories of deteriorating consumer spending are overblown. Overall, this should support a soft bearish narrative and be…