The AUD/USD pair consolidates below the neckline of an inversed head and shoulders pattern, with a bearish perspective. The market...
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 shows signs of exhaustion. The pair consolidates on the right shoulder of a head and shoulders pattern...
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 continued its rally in 2021. It reached above 0.80, but from that moment on, bears stepped in,...
The AUD/USD pair completed a head and shoulders pattern, and now the market participants focus on the measured move. Last...
The AUD/USD pair broke the 2-4 trendline of a rising wedge – a wedge that started last April. From that...
The AUD/USD pair is currently at horizontal resistance given by the right shoulder of a head and shoulders pattern. The...
The AUD/USD price has formed a bullish consolidation pattern after the relatively strong Australian economic numbers. The AUDUSD is trading...
Australia’s GDP for the 4th quarter of 2020 is scheduled for release in a few hours. The market expectation is...
The AUD/USD price formed a bearish flag pattern after the latest RBA interest rate decision. The pair is trading at...