The AUD/USD pair continues to hover around the highs. At this point, 0.78 is key to further advance, as 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 AUD/USD pair is currently at horizontal resistance given by the right shoulder of a head and shoulders pattern. The...
The AUD/USD pair is back at the highs as the stock market in the United States continues to hovers around...
The AUD/USD pair continued its rally in 2021. It reached above 0.80, but from that moment on, bears stepped in,...
With the FOMC minutes indicating that the commencement of tapering in late 2021 is now a real possibility, the US...
The AUD/USD pair is one of the exchange rates that outperformed the most this year. It sits at the year’s...
The AUD/USD is down for the third consecutive day as traders react to the latest minutes of the Reserve Bank...
The AUD/USD pair tests for the second time the neckline of a head and shoulders pattern, trading with a bid...
AUD/USD extended yesterday’s gains to hit a 2-week high. On Thursday’s session, the pair was up by 0.34% to trade...
The AUD/USD pair bounced from the lows after the Non-Farm Payrolls report in the United States revealed that the economy...