All Articles Tagged - AUDUSD

Week Ahead – Trouble spews for yen as Fed, BoE and SNB to hike, put spotlight on BoJ

Posted on September 16, 2022 at 11:37 am GMT

A crucial week is coming up for the markets as no less than four central banks are scheduled to announce their latest monetary policy decisions. There is a strong possibility of a 75-basis-point rate hike from the Federal Reserve, Bank of England, as well as the Swiss National Bank. The Bank of Japan, though, is expected to buck the trend, leaving the yen at the mercy of its rivals. However, the flash PMI estimates for September will be important too [..]

Technical Analysis – AUDUSD unlocks fresh 28-month low

Posted on September 16, 2022 at 9:23 am GMT

AUDUSD is plunging towards a fresh 28-month low of 0.6670, remaining within a descending channel in the medium-term. The MACD oscillator is extending its bearish momentum beneath its trigger and zero lines, while the RSI is falling in the negative region. In trend indicators, the 20- and 50-day simple moving averages (SMAs) posted a bearish crossover, suggesting more losses. Should the pair stretch south, May’s 2020 low of 0.6570 could provide immediate support before the pair touches the 0.6250 barrier, [..]

Technical Analysis – AUDUSD turns green near multi-month lows, bearish bias holds

Posted on September 15, 2022 at 7:55 am GMT

AUDUSD has been inching lower in the short-term, generating a structure of lower highs and lower lows. Although the pair made efforts to recoup some losses, it quickly retraced towards its multi-month lows as the 50-day simple moving average (SMA) capped upside moves. The momentum indicators currently suggest that near-term risks are tilted to the downside. Specifically, the RSI is flatlining beneath its 50-neutral threshold, while the stochastic oscillator is descending near the oversold zone. Should the negative momentum strengthen, [..]

Will Australia’s jobs report be critical for the aussie? – Forex News Preview

Posted on September 13, 2022 at 1:49 pm GMT

Australia’s employment report for August is scheduled to be released on Thursday at 01:30 GMT, and it is believed that these data will attract substantial interest. Ahead of the data, the Australian dollar rose near 0.6900 after a significant rebound off the eight-week low around 0.6700. While the internal economy is robust, the country’s heavy exposure to China makes it tough to be bullish on the currency as the Chinese economy portrays a grim picture for growth. In July, the participation rate declined 0.3% to 66.4%, which resulted in a 61.2-thousand-person dip [..]

Technical Analysis – AUDUSD breaks the upper bound of a downside channel

Posted on September 13, 2022 at 12:15 pm GMT

AUDUSD traded higher on Tuesday, after hitting support near the 0.6860 zone, with the advance taking the pair above 0.6900, thereby confirming a higher high on the 4-hour chart. Of more importance though, is yesterday’s break above the upper bound of the downside channel that had been containing the price action since August 10. All this suggests that the short-term picture may have turned to somewhat positive for now. The RSI and the MACD oscillators detect strong upside speed, supporting [..]

Daily Market Comment – Hopes of softer inflation report lift Wall Street, hurt dollar

Posted on September 13, 2022 at 9:14 am GMT

Investors bet that August CPI data will confirm inflation has peaked in the US Wall Street rallies for a fourth day, dollar selloff accelerates Euro and pound maintain positive momentum despite doubts over energy plans Market optimism ahead of US CPI Risky assets were either extending or holding onto their gains on Tuesday as investors awaited the latest inflation report out of the United States due at 12:30 GMT. After last month’s bigger-than-expected drop in the annual CPI rate to [..]

Technical Analysis – AUDUSD posts impressive bullish day

Posted on September 9, 2022 at 10:50 am GMT

AUDUSD is posting an aggressive green day today, after the sell-off towards the eight-week low of 0.6698 on Wednesday. The pair has been developing within a downward sloping channel since June and is currently moving towards the bearish crossover within the 20- and 50-day simple moving averages (SMAs) around 0.6680. Regarding the technical oscillators, the MACD is trying to surpass its trigger line in the negative region, while the RSI is pointing upwards towards the neutral threshold of 50, with [..]

Daily Market Comment – Yen warnings, hawkish ECB knock down US dollar

Posted on September 9, 2022 at 9:26 am GMT

Yen slide takes a pause after Japanese officials sound alarm bells Powell out-hawks Lagarde but euro catches a bid on broader dollar pullback Pound rebounds too as Britain mourns the passing of Queen Elizabeth II Wall Street extends recovery ahead of the Fed blackout period Yen intervention scare sparks dollar profit-taking The Japanese yen rallied against the US dollar on Friday after Bank of Japan Governor Haruhiko Kuroda joined in the chorus of alarm voiced by senior officials from the [..]

Daily Market Comment – Euro eyes jumbo ECB rate hike; pound awaits Truss’ energy plan

Posted on September 8, 2022 at 9:35 am GMT

Softer dollar bolsters euro as ECB anticipated to frontload rate hikes But pound remains pressured amid angst about Truss’ energy bailout Aussie dips after RBA’s Lowe makes dovish tilt; loonie firmer after BoC Wall Street in surprise bounce back as yields and oil prices take a plunge Euro flirts with parity ahead of ECB decision The energy crisis and the pace of monetary tightening look set to dictate market sentiment once again as a busy day looms with a policy [..]

Technical Analysis – AUDUSD flirts with July’s low; outlook discouraging

Posted on September 8, 2022 at 7:02 am GMT

AUDUSD almost touched July’s 26-month low of 0.6680 on Wednesday before bouncing up to finish the session with mild gains. The soft upward move, however, was not enough to shift the odds to the bullish side as the RSI keeps pointing downwards well below its 50 neutral mark, while the MACD remains negatively charged below its zero and signal lines too. Hence, the bears may stay on board for now, aiming for an aggressive attack towards the next barrier of 0.6550 once the base [..]

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