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
1.14
Current
---
Chg. Open Interest
2.9%
Outlook
Bearish

Support & Resistance

AUD/USD
Risk Assets Steady Before Holiday Week, Weigh Practical Trading
S10.7539 W R30.7733 S
S20.7480 W R20.7644 M
S30.7421 M R10.7612 M
Trend
up
Volatility
3%

News


Risk Assets Steady Before Holiday Week, Weigh Practical Trading

The combination of extremely low volume common to the period with the persistently quiet market conditions creates a backdrop particularly at-risk to unexpected developments.
Continue Reading


Weekly Trading Forecast: US Politics May Trump Economics Again


Australian Dollar Likely Stuck, But Watch For RBA Speakers


Foundations of Technical Analysis: Real World Applications


U.S. Dollar Digs into Support as Aussie, Kiwi Fall to Fresh Lows


Real Time News


Analyst Picks

James Stanley

James Stanley   

Currency Strategist

My Picks: Bearish AUD/USD
Expertise: price action - macro
Average Time Frame of Trades: few days - few weeks


Pivot Points

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