5 months AUD/USD Price Forecast: Trades higher within range, approaches open gap FXStreet
AUD/USD is trading within a range encompassed by the ceiling at around 0.6540 (green line) and floor at about 0.6440 (red line).
AUD/USD is trading within a range encompassed by the ceiling at around 0.6540 (green line) and floor at about 0.6440 (red line).
Room for the Australian Dollar (AUD) to retest the 0.6440 support before a more sustained rebound can be expected.
The AUD/USD pair opened the week on a negative note, declining by 0.93% to 0.6455 in Monday’s session, snapping a three-day winning streak.
AUD/USD is falling within a range encompassed by the green (ceiling) and red (floor) dashed lines on the chart below.
The AUD/USD pair starts a new week/month on a weaker note and slides back below the 0.6500 psychological mark during the Asian session, snapping a three-day winning streak.
The AUD/USD pair weakens to near 0.6510 despite the renewed US Dollar demand during the early Asian session on Monday.
The AUD/USD pair extends gains for the third straight day on Friday, although it has trimmed a portion of its intraday gains and holds above the 0.6500 psychological threshold.
The AUD/USD pair trims a part of intraday gains to a multi-day top and trades just above the 0.6500 psychological mark during the first half of the European session on Friday, up for the third consecutive day.
The AUD/USD stands mixed around 0.6495 in Thursday’s session, reversing early gains.
There has been a slight increase in upward momentum; the Australian Dollar (AUD) could drift higher but is unlikely to break the resistance at 0.6525.
In Wednesday’s session, the AUD/USD rose to 0.6480 as the US Dollar remained weak following the release of high-tier economic data.
AUD/USD bounces within a prolonged downtrend to trade in the 0.6870s on Wednesday after the release of Australian inflation data fails to change the widespread view that the Reserve Bank of Australia (RBA) will keep its “arms folded” at the next meetin…
Downward momentum has eased; the Australian Dollar (AUD) is likely to trade in a range between 0.6440 and 0.6500.
The AUD/USD pair has been struggling to sustain its intraday gains, extending its losses for the second consecutive day and currently trading around 0.6460.
Downward momentum is building; the Australian Dollar (AUD) could break below 0.6440 but might not be able to maintain a foothold below this level.
The AUD/USD pair struggles to capitalize on its intraday bounce from the 0.6435-0.6430 area, or its lowest level since August 5 touched earlier this Tuesday and keeps the red through the first half of the European session.
China’s Ambassador to Australia said on Tuesday that “US policy on trade with China and other countries will have an impact.” The Envoy noted that they “expect China and the US to engage with each other to talk about each other’s policies on how to man…
The AUD/USD declined by 0.14% to 0.6495 in Monday’s session, driven by selling pressure near the intraday high of 0.6550.
The AUD/USD pair surrenders a majority of its intraday gains after facing selling pressure near the intraday high of 0.6550 in Monday’s North American session.
The Australian Dollar (AUD) could advance above 0.6560 but is unlikely to reach the major resistance at 0.6600.
The AUD/USD pair attracts some buyers to near 0.6540 during the early Asian session on Monday.
The AUD/USD declined just below 0.6500 as the market is focused on the US Dollar’s strength.
The AUD/USD pair recovers more than half of its intraday losses and rebounds to near the psychological figure of 0.6500 in Friday’s European session.
The Australian Dollar (AUD) is expected to trade in a range of 0.6490/0.6535.
The AUD/USD regained positive traction on Thursday following the overnight pullback from a one-week top.
AUD/USD has formed an interim trough near 0.6440 last week and has staged an initial bounce, BBH analyst note.
The Australian Dollar (AUD) is expected to trade between 0.6485 and 0.6535.
The AUD/USD pair attracts some dip-buyers on Thursday and sticks to its modest intraday gains, around the 0.6520 area during the first half of the European session.
The AUD/USD declined by 0.64% to 0.6495 on Wednesday. The decline came after the pair touched a one-week high earlier in the session.
The AUD/USD pair drops sharply to near the psychological support of 0.6500 in the North American trading session on Wednesday.
The AUD/USD pair retreats from the vicinity of mid-0.6500s, or a one-week high touched earlier this Wednesday and extends its steady intraday descent through the first half of the European session.
There has been a slight increase in momentum; the Australian Dollar (AUD) is expected to rise further to 0.6560.
The AUD/USD climbed by 0.15% to 0.6520 in Tuesday’s Asian trading, driven by several factors.
AUD/USD halts two days of gains, trading around 0.6500 during the European hours on Tuesday.
The Australian Dollar (AUD) is expected to trade in a range between 0.6470 and 0.6520.
An official at the National Development and Reform Commission (NDRC), China’s state planner, said on Tuesday that “China has ample policy room and tools to support economic recovery.” The NDRC official said he “expects China’s economy to sustain recove…
The AUD/USD pair trades flat near 0.6505 amid the consolidation of the US Dollar (USD) during the early Asian session on Tuesday.
AUD/USD appears oversold below 0.65 relative to where Asian currencies and commodity prices are, DBS’ Senior FX Strategist Philip Wee notes.
The AUD/USD pair trades with caution near 0.6450 in Monday’s European session.
Momentum indicators are turning flat; Australian Dollar (AUD) is likely to trade in a sideways range of 0.6445/0.6485.
The AUD/USD pair trades on a stronger note around 0.6460 during the early Asian session on Monday.
The AUD/USD pair rose by 0.20% to 0.6460 in Friday’s session.
Provided that 0.6490 remains intact, the Australian Dollar (AUD) could decline further; the major support at 0.6400 is unlikely to come into view.
The AUD/USD declined by 0.34% to 0.6470 in Thursday’s session, extending its decline to a fresh three-month low of 0.6460.
The AUD/USD pair extends its downside journey to near 0.6460 in European trading hours on Thursday.
The Australian Dollar (AUD) is expected to edge lower, possibly reaching 0.6460.
The AUD/USD declined by 0.69% to 0.6490 in Wednesday’s session.
The AUD/USD pair trades in a tight range near three month-low slightly above 0.6500 in the European trading session on Wednesday.
The Australian Dollar (AUD) is under mild downward pressure; it could drift lower, but a sustained break below 0.6500 appears unlikely.
The AUD/USD plunged in Tuesday’s session, declining by 0.66% to 0.6535.
The Stock Market News is a financial news aggregator for traders and investors that proposes to you the latest breaking news headlines on global financial markets, economy and business. Live qoute and chart technical analysis, opinion, price forecast on current stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs, funds, bonds and more. Disclaimer: by using any material of this website, you acknowledge and agree that TheStockMarketNews.com is not responsible for the content, actions or any legal issues arising from third-party websites; materials of this website are not financial advice or call to actions. Trading and investing in financial instruments involve high risks including the risk of investment loss.