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.
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AUDUSD chart

AUDUSD chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
2.85
Current
---
Chg. Open Interest
-9.2%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

AUD/USD
S10.7085 M R30.7677 M
S20.7025 M R20.7461 M
S30.6915 M R10.7315 S
Trend
down
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Analyst Picks

Tyler Yell, CMT

Tyler Yell, CMT Forex Trading Instructor

My Picks: Bullish AUD/USD
Expertise: Technical Analysis, Derivatives, Intermarket Analysis
Average Time Frame of Trades: 1-6 Months

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Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

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