AUDUSD chart by TradingView

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.


IGCS: IG Client Sentiment


Last Week
-1.17
Current
---
Chg. Open Interest
12.3%
Outlook
Bullish

Support & Resistance

AUD/USD
Australian Dollar May Find Path Of Least Resistance Leads It Down
S10.7554 M R30.7779 S
S20.7517 M R20.7693 M
S30.7468 M R10.7624 S
Trend
up
Volatility
3%

News


Australian Dollar May Find Path Of Least Resistance Leads It Down

The Australian Dollar needn’t fall far against the greenback in the coming seven days. However, it looks short of fundamental reasons to gain and is carrying some heavy baggage.
Continue Reading


Asian Stock Markets Mixed, Narrow As Battered Oil Prices Steady


Webinar: Central Bank Weekly: RBNZ Can’t Stop NZD; US Econ Impact on FOMC, USD


Asian Stocks Mixed Despite Strong Wall St Lead, MSCI Awaited


Australian Dollar Relaxed as RBA Minutes Offer Familiar Fare


Real Time News


Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in NZD/USD, EUR/JPY, EUR/USD & AUD/USD
Expertise: Short-term Technical
Average Time Frame of Trades: 1-3 Days


Pivot Points

Get Your Free USD Forecast

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please fill out this field.
Please enter valid phone number
Please select a country
Read our full privacy policy

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo Or, read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous