The trend in AUDUSD remains downwards below the 0.6872 level, and the price is at risk of trading to the...
AUDUSD
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.
AUDUSD traded lower following the disappointing labor figures from Australia. Can it hold on to its critical support despite the negative news?
The CFTC Positioning Report, also known as the Commitment of Traders (COT) report for the week ended October 4 reports...
AUDUSD is leading gains among the major currency pairs in today’s trading. Can the much-anticipated Australian CPI report help AUDUSD extend its gains?
Asian markets finished mixed amid rising tensions between China and the USA after yesterday President Trump said he plans to take action against China this week over the national security laws on Hong Kong
Last week’s Commitment of Traders (COT) report showed a marked increase in the volumeof Euro short positions, while the volume...
The AUDUSD pair is off the highs as the Australian GDP missed expectations. Moreover, a Doji candlestick, a bearish pattern,...
The AUD/USD pair continued its rally in 2021. It reached above 0.80, but from that moment on, bears stepped in,...
Asian stocks finished lower for one more session as investors are selling everything in panic mood in an attempt to...
Markets will be slower today as we are heading into the 4th of July US holiday. In Europe we await...