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.
View More

AUDUSD chart

AUDUSD chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
-1.01
Current
---
Chg. Open Interest
4.5%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

AUD/USD
S10.7625 S R30.7889 M
S20.7566 M R20.7831 S
S30.7508 M R10.7726 W
Trend
down
AUD/USD
S10.7709 W R30.7948 M
S20.7625 S R20.7889 M
S30.7566 M R10.7831 S
Trend
up

News


FX Overbought/ Oversold Report: Panic at the USD Short Trade

A quick glance at the FX momentum scoreboard shows US Dollar in an odd place a top the momentum leaderboard as inflation concerns cause an unwind of the consensus trade.
Continue Reading


US AM Digest: DXY Gains Gather Pace as US 10yr Yield Closes in on 3%


Asian Stocks Wilt On Higher US Yields, AUD/USD Looks To CPI


Near-term Setups in NZD/USD, AUD/USD and EUR/USD


Australian Dollar Could Fight Back If CPI Claws Back To 2%


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros Currency Strategist

My Picks: Near-term Setups in NZD/USD, AUD/USD and EUR/USD
Expertise: Technical
Average Time Frame of Trades: 1-3 Days


Get Your Free USD Forecast

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

Your Forecast Is Headed to Your Inbox

Read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous