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
-1.08
Current
---
Chg. Open Interest
-0.6%
Outlook
Mixed

Support & Resistance

AUD/USD
S&P 500 Mixed with Increase in Net-Long
S10.7440 W R30.7679 M
S20.7334 M R20.7604 S
S30.7277 M R10.7513 S
Trend
up
Volatility
3%

News


S&P 500 Mixed with Increase in Net-Long

The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.
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Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in EURUSD & EURNZD
Expertise: Short-term Technical
Average Time Frame of Trades: 1-3 Days


Pivot Points

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous