AUD/USD slide finds support near critical level

AUD/USD ends week lower after a significant 2-day slide.  Slide finds support slightly above key technical support.  The AUD/USD pair dropped sharply on Friday for the second-day in-a-row. In a few hours, the pair erased April’s gains.  From Thursday’s high los ...

AUD/USD: heavy, manages to hold above 0.7700

Bulls attempting a tepid recovery, will it last? Aus-US yield differential points to further downside. The AUD bulls are seen trying hard to defend the 0.77 handle so far this Friday, now keeping the AUD/USD pair few pips above the eight-day lows of 0.7706. The spot entered a phase of bearis ...

AUD/USD: Downside opening up towards 0.7650?

Aus-US yield differential weighing down on the Aussie, with persistent USD buying. Bears eye a break below 0.7700 on an extension of the corrective slide. The AUD/USD pair extended its corrective slide from five-week tops (0.7813) into Asia, as the bears remain in complete control amid mixe ...

AUD/USD: A meaning downside correction on the cards? – Morgan Stanley

In its latest overnight client note on the AUD/USD outlook, analysts at Morgan Stanley believe that the Aussie is poised for ‘a meaningful downside correction’. Key Quotes: “After a string of positive surprises in 2017, the March employment data indicate a deceleration i ...

AUD/USD turns away from major trendline, sinks as the USD gains favor

Aussie tumbles as traders pick the Dollar back up. Markets look to end the week on a risk-off note. The AUD/USD is trading near the bottom in the overnight session at 0.7725. Broad markets turned tail and began scooping up the Greenback in Thursday's trading as risk appetite shriveled onc ...

AUD/USD drops to test daily lows as US Dollar strengthens

US dollar recovered versus NZD, AUD on risk aversion.  Australian dollar moved away from weekly highs, heads for daily lows.  The AUD/USD pair reached earlier the highest level in a month at 0.7811 but failed to hold on top of 0.7800 and pulled back. During the American sessio ...

AUD/USD now set eyes on 0.7800 and above – UOB

In view of FX Strategists at UOB Group, the Aussie Dollar faces strong resistance in the area beyond 0.7800 the figure in the near term. Key Quotes 24-hour view: “While we highlighted yesterday that the “immediate bias is for a probe lower towards the bottom of the expecte ...

AUD/USD could probe 0.7860/80 – Westpac

The improved global risk mood this week has had the usual effect on the Aussie, with its 0.6% gain at time of writing the best in the G10, explains Sean Callow, Research Analyst at Westpac. Key Quotes “President Trump floated a trial balloon about the US rejoining the TPP, before popping i ...

AUD/USD expected to fail in the 0.7812/31 – Commerzbank

In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair is seen struggling in the 0.7812/31 band. Key Quotes “AUD/USD rallied to its 200 day ma at .7817 which capped. The convergence of resistance here – the 200 day ma, the top of the channel at .7812 and the 38.2 ...

AUD/USD reverses, takes the 0.78 handle post Aussie jobs report

Aussie dumps and pumps on clean miss for jobs figures. AUD/USD heading into the European session stretched thin over a key level. The Aussie has reversed its direction after earlier's dismal jobs report, and the AUD/USD has crossed over the 0.7800 barrier to trade into 0.7810. Marc ...

AUD/USD turns negative after dismal Aussie jobs data

Australian economy added far fewer jobs than expected in March.  AUD/USD prints session lows below the 50-day moving average (MA).  The Aussie dollar ran into bids after the Australian Bureau of Statistics (ABS)reported a drop in full-time jobs growth.  Key points (Source ...

When are Aussie jobs and how could they affect AUD/USD?

Overview of Australian jobs report (Feb) Australia's monthly jobs report is back on the cards for Asian markets today and employment is expected to rise for an 18th consecutive month, extending the record. The report will be released at 01:30 GMT and markets are looking for 21k, (Bloomber ...

Market wrap: GBP and Loonie in focus – Westpac

Analysts at Westpac explained that GBP and CAD fell sharply on soft UK CPI data and a cautious Bank of Canada meeting respectively.  Key Quotes: "AUD/USD emerged from NY trade slightly firmer, around 0.7785. US bond yields continued this month's grind higher. Today we see key data ...

AUD/USD couldn’t quite make it to 0.78 ahead of the Aussie jobs report

The Aussie whipped through Wednesday to set new both new a new high and low for the week. Aussie employment figures for early Thursday promise an AUD-shakeup. The AUD/USD is trading near Wednesday's highs, testing around 0.7780 heading into a hectic Thursday session. Antipodeans in focu ...

AUD/USD reverses sharply and eyes last week highs

Stronger Aussie pushed the pair to 0.7800. Key data ahead: Australian Jobs reports due on Thursday.  The Australian Dollars reversed sharply against the US dollar. Earlier today bottomed at 0.7743, the lowest level in six days and then started to recover. Then accelerated to the upside an ...