The AUD/USD meets strong resistance at the 0.7820 area, and so far, sellers managed to defend it successfully. The Fed...
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.
In a few hours from now, Australia’s Consumer Price Index (CPI) would be made public. The consensus numbers are for...
The AUD/USD pair has bounced recently from below 0.76 and trades with a bid tone for the last couple of...
AUD/USD is trading higher as a reaction to the minutes of the RBA meeting on April. The Australian central bank...
At 1.30 am UTC, the latest version of the Australian employment report will be released. The market expectation is for...
The strength of the AUD is certainly falling, and this is further highlighted in the trading pair of AUD/USD as...
Ahead of the U.S. inflation data, the AUD/USD pair retests the neckline of a head and shoulders pattern. It remains...
AUD/USD is rebounding after closing lower on Wednesday. However, it remains below the 3-year high it hit in late February...
The AUD/USD pair tests for the second time the neckline of a head and shoulders pattern, trading with a bid...
AUD/USD is trading sideways as the market reacts sparingly to the RBA interest rate decision. Australia’s central bank has left...