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Audusd

All articles tagged with #audusd

finance1 year ago

"AUD/USD Rebound Offers Bearish Opportunity Amidst Rate Cut Prospects"

The Australian dollar faces challenges as the RBA is expected to maintain its cash target, with market expectations leaning towards a potential rate cut by June. The currency's performance is also tied to developments in China, but with limited prospects for change in the near term. From a technical standpoint, the AUD/USD pair has formed a head-and-shoulders pattern, indicating a potential decline towards 0.6200, with the October low offering some support amidst a generally unfavorable outlook.

via ForexLive|
#audusd#australian-dollar#china
finance2 years ago

"Dollar Dominance: Surge Amidst Rate Cut Jitters and Global Risks"

The US dollar strengthened against major currencies as higher US Treasury yields reduced expectations for a March interest rate cut, with the euro, British pound, and Australian dollar falling sharply. Technical analysis indicates that EUR/USD may find support at 1.0840, GBP/USD at 1.2600, and AUD/USD near 0.6570, while resistance levels are at 1.0930, 1.2675, and 0.6635 respectively. The market sentiment suggests caution amid potential reversals and the need to monitor crucial support levels.

via DailyFX|
#audusd#eurusd#finance
finance2 years ago

"Dollar Soars as Yields Rebound, Bitcoin Surges"

The US dollar strengthened as US yields rebounded, leading to gains against the Japanese yen and Australian dollar. USD/JPY bounced off trendline support and reclaimed the 147.00 handle, with resistance levels at 147.15 and 147.30. On the downside, support is seen around 146.00 and 144.50. Meanwhile, AUD/USD turned lower after failing to break above trendline resistance near 0.6665, with support at 0.6575 and 0.6525. If the bulls regain control, a rally towards 0.6800 and 0.6900 could be possible.

via DailyFX|
#audusd#finance#technical-analysis
finance2 years ago

"Gold Prices Surge as AUD/USD Attempts Bullish Breakout, Defying Technical Resistance"

Gold prices are climbing and challenging technical resistance due to falling US yields and a weaker US dollar. XAU/USD has risen over 8% since October, surpassing its 200-day moving average and the $2,000 level. To confirm further upward momentum, a clear move above the $2,010/$2,015 resistance zone is needed. A breakout could lead to a rally towards $2,060 and $2,085. On the downside, support levels are at $1,980 to $1,975, with a potential retreat towards the 200-day moving average at $1,950. Meanwhile, AUD/USD has broken above its 200-day moving average and is close to overcoming resistance at 0.6600-0.6620. A move above this level could push prices towards trendline resistance at 0.6670 and 0.6815. On the downside, support is at 0.6525, with further losses possible towards the 100-day moving average at 0.6460.

via DailyFX|
#audusd#finance#gold-prices
finance2 years ago

"Analyzing Key Currency Pairs as US Dollar Faces Potential Breakdown"

The US dollar is facing a bearish correction as falling US treasury yields act as a headwind for the currency. The technical outlook for EUR/USD, USD/JPY, GBP/USD, and AUD/USD suggests potential upward movements for these currency pairs. However, if the US dollar's bearish trend continues, support levels for these pairs could be tested. The upcoming release of economic data, such as the October durable goods report, could further impact the US dollar's outlook.

via DailyFX|
#audusd#eurusd#finance
finance2 years ago

"Analyzing US Dollar Setups and Volatility Ahead of US CPI: USD/JPY, GBP/USD, AUD/USD"

The upcoming release of the October U.S. inflation report is expected to increase volatility in the forex market, with the strength or weakness of the consumer price index data influencing market direction. Technical analysis suggests that USD/JPY may face resistance if Japanese authorities intervene, while GBP/USD could recover if it maintains above the 50-day moving average. AUD/USD may rally if it breaks above the 50-day moving average, but a bearish reversal could occur if it fails to defend the support level at 0.6350.

via DailyFX|
#audusd#cpi#finance
finance2 years ago

Currency Market Volatility: US Dollar and Japanese Yen Face Uncertainty

The US dollar's strength is expected to be reinforced if the US GDP data for Q3 shows solid growth, potentially leading to a sharp decline in EUR/USD and AUD/USD. The US economy is forecasted to have grown by 4.3% in Q3, with some investment banks predicting an even stronger expansion above 5.0%. While a strong GDP print may not result in another Fed rate adjustment for 2023, it could reinforce expectations of a prolonged restrictive stance and higher interest rates, creating a favorable environment for the US dollar. Technical analysis suggests potential downside for EUR/USD and AUD/USD, with key support and resistance levels identified.

via DailyFX|
#audusd#eurusd#finance
finance2 years ago

"Analyzing the US Dollar's Future: Impact on GBP/USD, AUD/USD, and EUR/USD"

The US dollar remains strong as US Federal Reserve Chair Jerome Powell suggests that interest rates may not have peaked yet. The market is pricing in a high chance that the Fed will keep interest rates steady at its upcoming meeting. The US dollar has been driven higher due to the outperformance of the US economy and a relatively hawkish Fed. Technical charts show that the US dollar is testing major resistance, but it is too soon to say if the rally is over. EUR/USD and GBP/USD are searching for a bottom, while AUD/USD is gradually drifting lower.

via DailyFX|
#audusd#eurusd#federal-reserve