The AUDUSD pair has turned lower today as traders reflect on the relatively stronger dollar. The pair has ignored 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.
The AUDUSD pair bounced from the 0.7 level after completing a head and shoulders pattern’s measured move. The bounce is...
AUDUSD was lower again today after the U.S. dollar shrugged off weak durable goods orders to find strength and the...
The AUDUSD pair corrects from the highs as the DXY recovers. The rout in the U.S. stock market added fuel...
AUDUSD consolidates around 0.73 as the pair has lost the strong momentum after the Fed decision and statement the previous week that helped USD to rebound from almost two-year lows.
The AUDUSD pair declined in overnight trading as traders reacted to the Federal Reserve interest rate decision. The stronger USD...
The AUDUSD pair was 0.50% higher on the day and looking to test the recent highs from September 1st, but the day will be defined by the U.S. data releases today.
The AUDUSD pair is up sharply today as traders react to the strong economic data from China. The unemployment rate and retail sales beat analysts forecasts.
AUDUSD in a bearish consolidation ahead of the Fed message.
The AUDUSD moves in a tight correlation with the other USD pairs recently. Ever since the Fed cut the federal...