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
-1.01
Current
---
Chg. Open Interest
18.9%
Outlook
Bearish

Support & Resistance

AUD/USD
Australian Dollar Steady As Chinese GDP Hits Forecasts Exactly
S10.7840 W R30.7975 W
S20.7805 M R20.7929 M
S30.7748 S R10.7898 S
Trend
up
Volatility
3%

News


Australian Dollar Steady As Chinese GDP Hits Forecasts Exactly

The Australian Dollar had already risen on its own country’s employment stats and didn’t have much left in the tank for what were quite robust Chinese data
Continue Reading


Australian Dollar Gains as Jobs Data Boosts RBA Rate Hike Bets


DailyFX Asia AM Digest: Volatility Incoming with Australian Jobs, Chinese GDP Data Due


Long Positions Leave Mixed Trading Bias on Australian Dollar


USD Stretches Towards Resistance: Yen, Aussie to Offer Opportunity


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in USD/CAD, AUD/USD & Ethereum
Expertise: Technical Analysis
Average Time Frame of Trades: 1-3 Days


Pivot Points

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