FX_IDC: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.


SSI: The Speculative Sentiment Index


Last Week
2.71
Current
---
Chg. Open Interest
3.7%
Outlook
Mixed

Support & Resistance

AUD/USD
Near-term Setups in AUD/USD, USD/CAD & EUR/USD
S10.7542 W R30.7835 S
S20.7469 M R20.7760 S
S30.7396 W R10.7632 W
Trend
up
Volatility
3%
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Near-term Setups in AUD/USD, USD/CAD & EUR/USD

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Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in AUD/USD, USD/CAD & EUR/USD
Expertise: Short-term Technicals
Average Time Frame of Trades: 1-3Days

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Pivot Points

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Forex Economic Calendar

A: Actual   F: Forecast    P: Previous