We are observing exhaustion that could potentially trigger a bearish move in the AUD. Read more:
. Shorting opportunities might emerge, leading the currency back towards the 0.65 level. However, it is essential to acknowledge the high volatility in this market, driven by the interplay of various global economic factors.The currency's trajectory is heavily influenced by the contrasting monetary policies of central banks, particularly the Federal Reserve's stance on tightening.
Given the currency's sensitivity to commodities and global growth trends, volatility is expected to persist in the AUD, making prudent risk management essential for traders navigating this market.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD prints unimpressive week-start below 0.6600, Australia/US inflation clues eyedAUD/USD kick-starts the inflation week with no major changes, making rounds to around 0.6570, while defending the last two days’ corrective bounce off
Read more »
AUD/USD sticks to gains around 0.6580, bulls seem non-committed despite softer USDThe AUD/USD pair attracts some buying for the third successive day on Monday and trades around the 0.6580 region during the Asian session. This marks
Read more »
AUD/USD posts modest gains around the 0.6570 mark, Australia/US inflation eyedThe AUD/USD pair kicks off the new week on a positive note and gains traction near 0.6575 during the Asian session on Monday. The uptick in the Aussie
Read more »
AUD/USD: Dwindling bets for a deeper pullback – UOBIn the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, the prospects for further decline in AUD/USD seems to be losi
Read more »
AUD/JPY Price Analysis: Remains on the defensive near 93.50, within a descending trend channelAUD/JPY Price Analysis: Remains on the defensive near 93.50, within a descending trend channel – by lilyfinancial AUDJPY Crosses Technical Analysis
Read more »
D.C.-area forecast: Decent summertime weekend ahead of Monday storm threatGenerally seasonable conditions, with lower humidity again today. A weak cold front sets up renewed storm risks as it approaches.
Read more »