AUD/USD inches closer to 0.73, turns flat for the week

AUD/USD extends recovery gains on Friday. US Dollar stays in the negative territory near 96.30. After easing down to 0.7255 in the European morning, the AUD/USD pair took advantage of the broad-based greenback weakness and reversed its course. As of writing, the pair was trading at 0.7288 ...

AUD/USD: Aussie lacks a catalyst for a sustained move higher – ANZ

In its weekly forex strategy note, analysts at Australia and New Zealand Banking Group (ANZ), offer a downbeat view on the AUD/USD pair in the coming weeks. Key Quotes: “The AUD lacks a catalyst for a sustained move higher.  The domestic data flow is uninspiring from an RBA rate hik ...

AUD/USD review: remains bid despite RBA’s Lowe

The AUD is flashing gains despite calls for a weaker currency by Reserve Bank of Australi's (RBA's) Lowe. US-China trade talk news, recovery in metals is helping the AUD score gains. The AUD/USD is reporting moderate gains in Asia for the second day on hopes the US and China trad ...

AUD/USD Technical Analysis: backing away from lows, but still bearish

The Aussie is lifting back away from the week's low, but remains trapped in bearish territory. The RBA's Lowe delivered no new news during his house of Representatives testimony, with the central bank unlikely to change rates in the near future. 0.7200 remains a key barrier for th ...

AUD/USD holding above 0.72 as Dollar buyers return

The Aussie saw a mild recovery yesterday, but Dollar support remains high. Little of note for the AUD is on the calendar to close out the week, though talking points from central bankers will be coming later. The AUD/USD caught a brief relief rally on Thursday, lifting into 0.7285 and clawin ...

Market wrap: risk sentiment improved from Asia into Europe – Westpac

Analysts at Westpac Banking Corporation explained that European and US equities posted decent gains, with investors welcoming a planned US-China meeting on trade and retailer earnings strong.  Key Quotes: "AUD/USD found support from the rebound in the Chinese yuan, consolidating aroun ...

AUD/USD: bearish case towards 0.7161/46 – Commerzbank

Analysts at Commerzbank noted that AUD/USD continued its descent following its July consolidation and still has the 2001-2018 uptrend line at .7191 in its sights.  Key Quotes: "Between it and the May and December 2016 lows at 0.7161/46 we expect the currency pair to stabilize ...

AUD/USD preserves daily gains around 0.7280 as DXY stays below 96.50

The CNY's rebound helps the AUD on Thursday. US Dollar Index extends its corrective fall.  Improved sentiment allows commodities to recover. The sharp fall witnessed in the USD/CNY pair during the Asian session provided a boost to the AUD and the AUD/USD pair recovered almost all o ...

AUD/USD: Underlying USD strength should help cap rallies – Westpac

Sean Callow, Research Analyst at Westpac, explains that after barely threatening to break out of its 0.73-0.75 prison for about 8 weeks, AUD/USD finally broke lower last Friday as European markets quaked at reports that the ECB was worried about contagion from Turkey to the Eurozone banking system ...

AUD: Trade tensions trump Turkey? – Westpac

Sean Callow, Research Analyst at Westpac, points out that the Aussie had found little inspiration in Australia’s domestic data and events as the RBA’s familiar outlook for no change in the cash rate for some time has reduced AUD’s sensitivity to Australian data, given that it i ...

AUD/USD expected to consolidate very near term – UOB

In light of the recent price action, the Aussie Dollar is seen consolidating in the near term, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday “a dip below 0.7220 seems likely but a break of 0.7190 would come as a surprise”. The subsequen ...