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
-3.03
Current
---
Chg. Open Interest
-6.3%
Outlook
Bullish

Support & Resistance

AUD/USD
Dollar Pauses Despite IMF Downgrade, SPX Steady Afterhours on Google Beat
S10.7904 M R30.8100 S
S20.7834 S R20.8039 M
S30.7737 S R10.7979 W
Trend
up
Volatility
3%

News


Dollar Pauses Despite IMF Downgrade, SPX Steady Afterhours on Google Beat

The opening session of this trading week was no slouch for meaningful event risk. A theme emerged in a global context around economic growth.
Continue Reading


Australian Dollar – Next Move is Key


Webinar: FX Week Ahead: Attention Turns to UK & US GDP, FOMC Decision


Australian Dollar on Watch for RBA Interventions After Debelle


US Dollar To 13-Month Low, Oil Price Suffers on Rising OPEC Supply


Real Time News


Analyst Picks

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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