AUD/USD Price Watch: Elusive Sub-0.6700 Bounce Waits for Correction Breakthrough
AUD/USD regains momentum, reaching an intraday high near 0.6665 as it rebounds from critical short-term support, marking the first daily increase in the past three trading sessions during early Monday. The Australian Dollar (AUD) seems to have recouped from its previous setbacks, mainly due to the recent rise in market sentiment, allowing AUD to draw […]
AUD/USD Retreats from 1-Week Peak, Remains Attractive Below 0.6700 Threshold
The AUD/USD pair has retreated slightly from a one-week high and currently trades just below the 0.6700 mark during the first half of the European session. However, it is still up over 1% for the day. The Australian Dollar (AUD) has strengthened across the board in response to the Reserve Bank of Australia’s (RBA) surprise […]
AUD/USD Analysis: Dips to 0.6600, RBA Holds Steady on Neutral Policy – What’s Next?
The AUD/USD currency pair has encountered selling pressure after it experienced a less-assured pullback approaching the 0.6611 level during the Tokyo session. This drawdown has led the Australian currency, often referred to as the Aussie, to resume its downward trajectory in the current market conditions. Following a somewhat tepid response, the AUD/USD pair traded lower […]
“AUD/USD Validates Risk Status at 0.6670 as Recession Fears Rise: Will US NFP Respond?”
AUD/USD remains under pressure after a three-day losing streak, with eyes on reversing previous weekly gains. The downbeat US data, disappointing Fed research renewing recession woes have kept the AUD/USD depressed. The RBA’s pause to the rate hike trajectory is also attracting Aussie pair sellers, even as Governor Lowe and mixed data prod bears. US […]