In this section, you will find important AUDUSD news, actionable trading ideas, and a live Australian Dollar chart (AUDUSD) to help you understand the Forex markets better.
AUDUSD is also known as Aussie between forex traders, is the ticker symbol in FX markets that represents how many US dollars you can buy with one Australian dollar. The price of the pair is affected by changes in both economies and could be affected by changes in monetary policy from the Reserve Bank of Australia and the Federal Reserve (FED). The Australian dollar was floated in 1983, and its value closely tracks commodity prices and the Australian Terms of trade. The Australian Dollar’s strong link with commodity prices is because Australia is one of the worlds biggest exporter of commodities such as liquefied natural gas, coal, iron ore, aluminum ores, wheat, and beef.
The Aussie is one of the most liquid traded forex pairs in the global markets, and its fluctuations affect many companies around the world. More than three-quarters of Australia’s exports are to Asia, and Aussie is therefore often used as a proxy bet on Asia, and in particular China. If Asian currencies (Yen, Hong Kong Dollar, Baht etc.) are under downward pressure, in general so is the AUDUSD.
AUD/USD is trading along 0.7750 after better-than-expected Australian GDP data. According to the Australian Bureau of Statistics, GDP grew by 1.8% in Q1’21. While it is higher than the forecasted 15%, it is significantly lower than the 3.2% recorded in 2020’s last quarter. On a year-on-year basis, the GDP rose […]
AUD/USD is trading higher after mixed Australian job numbers. In Tuesday’s RBA meeting minutes, the Australian central bank noted that unemployment and wage growth numbers are key drivers of the targeted rise in inflation. Monitoring these factors will form the basis of their decision on 6th July on whether it […]
AUD/USD is trading lower as the market reacts to Chinese industrial and retail numbers. Early on Monday, data by the National Bureau of Statistics showed that Chinese industrial production grew by 9.8% in April compared to March’s 14.1% YoY. Notably, the figure matched economists’ estimates. On a year-to-date basis, the […]
Inflation surprised to the upside, and the AUD/USD pair was just one of the USD pairs that reacted promptly. This is one currency pair that benefited from the commodity boom seen in 2021 so far and from the constant rise in the equity markets. Now that they both turn, the […]
I would like to bring to everyone’s attention the monthly timeframe on the AUD/USD pair. While this is the largest timeframe possible and the worse one to do technical studies on, it is worth mentioning the horizontal resistance ahead of the AUD/USD. At this point, we may say that the […]
The AUDUSD pair spiked sharply lower overnight as China announced plans to “Indefinitely” suspend economic dialogue with Australia. The news sent the AUDUSD rate plunging in the Asian session to a low of $0.771. Only the support of both the 50-Day and 100-Day Moving Averages ($0.7706 and $0.7704 respectively) stemmed […]
AUD/USD price movements highlight the prevalent sentiment ahead of the RBA interest rate decision. The Australian economy has been recovering steadily; an aspect that has strengthened the Aussie against the greenback. For instance, March retail sales rose by 1.4% compared to the forecasted 1%. In the same month, an additional […]
The AUD/USD pair moved in a relatively tight range so far in the trading year. It found strong support around the 0.76 level while the 0.80 proved to be tough resistance. For the month of April, it trended higher, bouncing from what appears to be the neckline of a head […]
The AUD/USD meets strong resistance at the 0.7820 area, and so far, sellers managed to defend it successfully. The Fed yesterday signaled that it has no intentions of tapering the asset purchases anytime soon, and so the dollar took another leg lower. Not only the AUD/USD reflected the weakness in […]
In a few hours from now, Australia’s Consumer Price Index (CPI) would be made public. The consensus numbers are for the headline number to register at 0.9%, and for the trimmed-mean CPI to come in at 0.5%. Analysts at Westpac point to the previous quarter’s reading of 0.9%, which beat […]