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.
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AUDUSD chart

AUDUSD chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
3.04
Current
---
Chg. Open Interest
10.1%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

AUD/USD
S10.6827 S R30.7129 S
S20.6744 M R20.7021 S
S30.6542 M R10.6900 W
Trend
up
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News


AUDUSD Risks Return to Flash Crash Lows as RBA Commits to Rate Cut

Overnight, the RBA Governor explicitly stated that the central bank has an easing bias, consequently, markets are near enough fully priced for a rate cut at the upcoming meeting.
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Australian Dollar May Extend Drop as Yen Gains on OECD Outlook


AUD/USD Downtrend Eyed as RBA Minutes Hint Rate Cut Possibility


Post-Election AUDUSD Rebound Susceptible to Dovish RBA Minutes


AUDUSD Soars on Shock Election, Apple Shares Slump, Risk of S&P 500 Drop - US Market Open


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Analyst Picks

James Stanley

James Stanley Currency Strategist

My Picks: EURUSD, GBPUSD, USDCAD, AUDUSD
Expertise: price action - macro
Average Time Frame of Trades: few days - few weeks

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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

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