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
-2.03
Current
---
Chg. Open Interest
1.5%
Outlook
Bullish

Support & Resistance

AUD/USD
Weekly Trading Forecast: All Eyes on Jackson Hole Symposium
S10.7830 M R30.8173 S
S20.7784 S R20.8087 S
S30.7697 M R10.7979 W
Trend
up
Volatility
3%

News


Weekly Trading Forecast: All Eyes on Jackson Hole Symposium

Financial markets may be singularly focused on the Fed's annual conference in Jackson Hole, Wyoming amid a lull in top-tier data flow but politics remain a wildcard.
Continue Reading


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Real Time News


Analyst Picks

Tyler Yell, CMT

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bullish AUD/JPY. Long on Pullback to 85
Expertise: Technical Analysis, Intermarket Analysis, Sentiment
Average Time Frame of Trades: 2-5 Weeks


Pivot Points

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