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
-1.96
Current
---
Chg. Open Interest
-6.6%
Outlook
Bullish

Support & Resistance

AUD/USD
AUD/USD Technical Analysis: Down Move Gaining Traction
S10.7937 M R30.8125 M
S20.7808 S R20.8066 S
S30.7727 S R10.8014 M
Trend
up
Volatility
3%

News


AUD/USD Technical Analysis: Down Move Gaining Traction

The Australian Dollar has fallen to the lowest level in a month against its US counterpart, with a breach of trend line support hinting at further losses ahead.
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Real Time News


Analyst Picks

James Stanley

James Stanley   

Currency Strategist

My Picks: Long AUD/USD, Short NZD/USD
Expertise: price action - macro
Average Time Frame of Trades: few days - few weeks


Pivot Points

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