AUD/USD weakens back closer to YTD lows, around 0.7370 region

   •  Struggles to build on early recovery move and failed just above 0.7400 handle.    •  Resurgent US bond yields help revive USD demand and prompted some fresh selling.    •  Weaker copper prices add to the selling pressure back close ...

AUD/USD could slip back to 0.7330/0.7300 – UOB

In view of FX Strategists at UOB Group, the Aussie Dollar could drop to the 0.7330/0.7300 band vs. the greenback in the next weeks. Key Quotes 24-hour view: “AUD hit a fresh 2018 low of 0.7347 before rebounding quickly. The combination of oversold condition and waning momentum suggests lo ...

AUD/USD Technical Analysis: testing bearish flag support

   •  Intraday retracement extends to test a short-term ascending trend-channel support, forming a part of a bearish flag on the 1-hourly chart.    •  A follow-through selling would set the stage for a retest of 13-month through set in the previous sessio ...

AUD/USD holds below 0.74, put bias strongest in 4 months

AUD/USD remains below 0.74, having closed a one-year low of 0.7347 yesterday on trade fears. AUD/USD risk reversals hit a four-month low, signaling rising demand for the AUD puts. The corrective rally in AUD/USD from 0.7347 (one-year lows) seems to have run out of steam at 0.7395 in Asia. As o ...

AUD/USD off lows still under pressure below 0.7400

Aussie trimmed losses versus US dollar as market sentiment stabilized. AUD/USD down for thefourth day in-a-row, about to post the lowest close since June 2017. The AUD/USD pair rebounded modestly during the American session, rising around 40 pips from the lows. Earlier it fell to a 1-year lo ...

AUD/USD plummets to fresh 13-month low near 0.7350

USD strength weighs on the AUD/USD pair on Tuesday. The US Dollar Index approaches the 95 mark. Housing data from the U.S. will be next in line. After spending the Asian session in a very tight range a little above the 0.74 mark, the AUD/USD pair came under pressure and dropped to its lowes ...

AUD/USD continues to slip down the rope, hits a new low below 0.74

The AUD/USD pings into a new low as risk aversion sends the pair steadily lower. A possible trade war between the US and China took a step closer to becoming reality today. The AUD/USD managed to clip into yet another new low for the day, touching into the 0.7380 level. The pair is now tradin ...

AUD/USD clocks session high as RBA minutes sound more upbeat on growth

RBA minutes more upbeat on growth, lift AUD/USD to session highs.  Policymakers are in no rush to hike rates. The Reserve Bank of Australia (RBA) June meeting minutes sounded more upbeat on growth, pushing the AUD/USD to a session high of  0.7427.  The minutes said, "th ...

RBA Minutes: Rise in AUD would slow inflation and growth

The Reserve Bank of Australia (RBA) is out with its June monetary policy minutes, with the key headlines found below. The rise in AUD would slow inflation and growth. More to come … Key Notes: AUD/USD Technical Analysis: new US tariff threats kick the Aussie into a one-year low US policy ...

AUD/USD heads for lowest close in a year

AUD among worst performers on Monday, hits fresh 1-month lows against US Dollar.   AUD/NZD drops under 1.0700 for the first time in 5 weeks. The AUD/USD pair resumed the decline during the American session and dropped to 0.7412, reaching the lowest level since May 9. Near the end of th ...