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.


SSI: The Speculative Sentiment Index


Last Week
2.1
Current
---
Chg. Open Interest
-5.2%
Outlook
Mixed

Support & Resistance

AUD/USD
Aussie Dollar Steady as China Caixin PMI Edges Up
S10.7383 W R30.7545 M
S20.7311 S R20.7490 S
S30.7264 M R10.7443 M
Trend
up
Volatility
3%
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News


Aussie Dollar Steady as China Caixin PMI Edges Up

China’s service sector picked up the pace a little in November according to Caixin but overall economic activity remains just about where it was.
Continue Reading


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Real Time News


Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in AUD/NZD, USD/CAD, AUD/USD, &EUR/GBP
Expertise: Short-term Technicals
Average Time Frame of Trades: 1-2 Days

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Pivot Points

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Forex Economic Calendar

A: Actual   F: Forecast    P: Previous