AUD/USD

The Aussie is a currency that has become a favored vehicle of traders in recent years. After a multi-decade commodity boom brought the Australian Dollar to all-time highs against the US Dollar, traders were often attracted by the interest rate differential in the pairing. This allowed traders to earn rollover for being long AUD/USD, while also benefitting from a massive bull run seen in the pair. Of recent, tides have appeared to change as economic difficulties in China coupled with bear markets in metals and many commodities, have created a more opaque picture of the future of Australia's financial prospects.


Support & Resistance

AUD/USD
Will Weak US Jobs Data Sink the US Dollar? Maybe Not.
S10.7450 M R30.7835 S
S20.7331 S R20.7680 M
S30.7212 W R10.7563 S
Trend
neutral
Volatility
78%

news


Will Weak US Jobs Data Sink the US Dollar? Maybe Not.

The US Dollar may be spared lasting losses even if US jobs data disappoints as risk aversion sweeps markets and triggers safe-haven demand for the benchmark unit.
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AUD/USD is Heavy While Below Trendline


US Dollar Falls, Commodity Currencies Rise as Payrolls Data Looms


Aussie Dollar Resumes Advance after Caixin PMI Services Report


Near-term Setups in GBPUSD, NZDUSD, USDCAD & AUDUSD


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Analyst picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in GBPUSD, NZDUSD, USDCAD & AUDUSD
Expertise: Short-term Techncials
Average Time Frame of Trades: 1-2 Days


Pivot Points

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