AUD/USD Price Forecast – Australian dollar continues to go sideways

The Australian dollar rallies a bit during the trading session on Monday to continue the overall consolidation that we have seen. The market seems to have a significant amount of support at the 0.6950 level, as well as the 50…

AUD/USD and NZD/USD Fundamental Weekly Forecast – Powell’s Testimony to Have Major Impact on Aussie, Kiwi

The Australian and New Zealand Dollars finished lower last week with both currencies posting potentially bearish closing price reversal tops. The moves indicate the selling is greater than the buying at current price levels, but not necessarily a resumption of…

AUD/USD Forex Technical Analysis – Looking for Test of .6940 to .6914

The Australian Dollar is trading sharply lower at the mid-session on Friday and in a position to close lower for the week. After posting its second potentially bearish closing price reversal top in four sessions on Thursday, sellers hit the…

Forex Daily Recap – Cable Extended a 2-Day Halt at 78.6% Fib Level

GBP/USD Today, the Cable extended its 2-day intermediate halt at the support confluence made up of the 78.6% Fibonacci benchmark and 1.2561 support mark. All the major SMA stood well above the pair restricting pair’s entry into the upper side.…

Forex Recap – Greenback Managed to Hold Gains Despite Adverse US Data

USD Index Today, the Greenback kept hold onto the gains attained on July 1 and kept the uptrend intact. The early gains came in the USD Index amid Fiber downfall. The EUR/USD pair was down in the Asian trading session…

AUD/USD and NZD/USD Fundamental Daily Forecast – US ADP Report Should Set the Tone Today

The Australian and New Zealand Dollars are trading mixed on Wednesday as investors weigh fresh domestic economic data against concerns over a global economic slowdown and a slew of European and U.S. data due later today. Investors in both currencies…

AUD/USD Forex Technical Analysis – July 3, 2019 Forecast

The Australian Dollar is inching higher early Wednesday, still trying to claw back most of Monday’s steep loss. On Tuesday the Aussie posted a strong gain despite a 25 basis point rate cut by the Reserve Bank of Australia. Part…

Forex Recap – Despite RBA Rate Cut, AUD/USD Pair Generated Positive Price Actions

AUD/USD At around 04:30 GMT, the RBA announced a 25 bps rate cut this time, bringing down the interest rates from 1.25% to 1.00%.  The market had already expected a rate cut since last night. The AUD/USD pair had dropped…

The RBA Cut Rates, but The AUD is The Star performer

And that, despite US Treasury yields moving up a meagre 2bp. The move has resonated, and EURUSD looks like it could easily go lower here, and after three inside periods (on the daily chart), we’ve seen this rectify, and the…

AUD/USD Forex Technical Analysis – Could Be Headed into .6931 to .6908

The Australian Dollar is trading slightly higher early Tuesday as investors await the release of the latest interest rate decision and monetary policy statement by the Reserve Bank of Australia (RBA) at 14:30 GMT. RBA Governor Philip Lowe is also…

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