AUD/USD Price Outlook: Requires a clear breakthrough above the 50% Fibo retracement at 0.7050 for further gains
The Australian dollar was down by 0.22% to approximately 0.7035 during early trading in Europe on Friday. This decline is attributed to a rebound in the US dollar after Iran reportedly rejected a memorandum of understanding that President Trump claimed had been agreed upon by the Iranian leadership, as covered by Iran’s Fars news agency. […]
AUD/USD Price Outlook: Monitoring the 0.7150 level and nine-day EMA
After a slight dip the day before, the AUD/USD pair rose a bit, sitting around 0.7130 during Thursday’s Asian session. Analyzing the daily chart suggests the pair is moving sideways in a rectangular formation. This pattern indicates a sort of stalemate—neither buyers nor sellers seem to have the upper hand. Currently, the AUD/USD pair is […]
Australia has a trade surplus in April: Implications of the $1,791 million surplus for AUD/USD
Australia’s Trade Balance Surplus in April In April, Australia experienced a trade balance surplus of $1.791 billion, a shift from a deficit of $1.024 billion (which was revised from a larger deficit of $1.841 billion), as per data released by the Australian Bureau of Statistics on Thursday. This figure was very close to the market […]
AUD/USD Price Outlook: Remains under pressure from weaker Aussie GDP around 0.7170/23.6% Fibo.
The AUD/USD pair faced new selling pressure during the Asian session on Wednesday, reversing much of the gains seen the previous day. That said, it has managed to hold above the 0.7150 mark, remaining within its recent trading range. Today’s data revealed that Australia’s economy expanded by 0.3% in the first quarter of 2026—quite a […]
AUD/USD Outlook 01/06: Remains Stable in Current Sentiment (Chart)
While we remain optimistic, our outlook for the Australian dollar suggests potential growth, though global risk appetite raises some concerns. Currently, AUD/USD appears poised to increase. The Australian dollar dipped slightly during Friday’s trading but rallied after finding support around the 0.7150 mark. The current market environment seems favorable for buying, which aligns with the […]
AUD/USD Price Forecast: Stable under 0.7200, near a two-week high after China’s PMI
AUD/USD Overview The AUD/USD pair has been hovering below the 0.7200 threshold, showing limited movement after the latest China Rating Dog Manufacturing PMI report, which indicated a drop to 51.8 in May from 52.2 in April. Currently, spot prices are lingering near the two-week peak achieved on Friday, suggesting they might gain further momentum in […]
AUD/USD Outlook: Stays above 0.7150, stuck in two-week range
AUD/USD Trading Trends The AUD/USD pair has faced challenges in leveraging a rebound from the under-0.7100 levels reached the previous day, registering minimal movement in Asian trading on Friday. Still, it remains above the 0.7150 mark, and there’s a possibility it might see its first slight increase in three weeks. The recent reports suggesting that […]
AUD/USD Price Prediction: Stays close to 0.7150 near nine-day EMA
The AUD/USD pair has seen a decline for two consecutive days, currently trading around 0.7160 during Asian hours on Wednesday. A look at the daily chart indicates that the pair is moving in a rectangular pattern, which signals a period of consolidation—suggesting that neither side has enough strength to take charge of the market. While […]
AUD/USD Forex Signal for Today 19/05: Aussie Maintains Positive Outlook
Bullish View Bearish View AUD/USD has pulled back from its multi-year peaks as the US dollar regains strength. It is currently at 0.7165, down from this month’s high of 0.7278. RBA and Federal Reserve Board Minutes The AUD/USD currency pair was impacted following the Release Bank of Australia’s meeting minutes, where it was decided to […]
AUD/USD Price Outlook: Short-term sentiment shifts to bearish as correction moves below 20-day EMA
On Friday, during European trading, the Australian dollar was down about 0.8% against the US dollar, trading around 0.7160. The Australian currency is experiencing strong selling pressure as the US dollar benefits from a significant increase in US bond yields. As of this writing, the US Dollar Index (DXY), which measures the value of the […]