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
1.35
Current
---
Chg. Open Interest
3.0%
Outlook
Bullish

Support & Resistance

AUD/USD
Weekly Trading Forecast: Potent Event Risk Portends Volatility
S10.7448 S R30.7693 M
S20.7415 M R20.7624 S
S30.7329 S R10.7554 W
Trend
up
Volatility
3%

News


Weekly Trading Forecast: Potent Event Risk Portends Volatility

Financial markets face a steady stream of heavy duty scheduled event risk that is likely to make for ample volatility across the asset spectrum in the week ahead.
Continue Reading


Australian Dollar May Wobble If Housing, China Data Disappoint


Asian Stocks Mixed, Investors Digest Oil Output-Cut Extension


Near-term Setups in NZD/USD, AUD/USD, USD/MXN & Crude Oil


Australian Dollar Likely to Strengthen Further versus US Dollar


Real Time News


Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in NZD/USD, USD/MXN, Crude Oil & AUD/USD
Expertise: Short-term Technical
Average Time Frame of Trades: 1-3 Days


Pivot Points

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