AUD/USD is getting closer to the 0.80 level, reaching a high of 0.7985 but showing a lot of hesitation. Can the RBA keep talking it lower for much longer? The Australian economy is doing quite well. Growth and jobs are less reliant on the mining sector and things are going quite well. Nevertheless, the economy […]
The post AUD/USD gets closer to 0.80 – can it make the break? appeared first on Forex Crunch.
The Australian dollar gradually ascended towards 0.80, but seems to hesitate. The upcoming week is jam-packed: a rate decision, retail sales, and GDP, all in one week. Here are the highlights of the week and an updated technical analysis for AUD/USD. When North Korea fired a missile over Japanese territory, the safe haven yen advanced […]
The post AUD/USD Forecast Sep. 4-8 2017 appeared first on Forex Crunch.
The Australian dollar is on a recovery path. After dropping under the important support line of 0.7835, the pair is making its way back up. The Australian jobs report is the main driver, but also the weakness of the US dollar contributes. Australian labor market Australia’s jobs report was mostly positive. The nation of the […]
The post AUD/USD advanced on jobs, Fed minutes – 0.80 in play? appeared first on Forex Crunch.
Aussie/USD is trading around 0.7850, keep a wider distance from the round 0.80 level. Has it concluded its correction and ready to resume the uptrend? Or is it on the way up? Here is their view, courtesy of eFXnews: AUD/USD: S/T Correction Risk But M/T Bullish Setup Intact: Levels & Target – NAB NAB FX […]
The post AUD/USD leaning lower – break or bounce? appeared first on Forex Crunch.
The Australian dollar suffered a few setbacks after topping 0.80. However, it does not seem to give up. Not so fast. Here are three reasons tor the recovery of AUD/USD: 1 – Retail sales Retail sales surprised in Australia for the second time in a row: this advanced 0.3 % in June against 0.2% expected. […]
The post AUD/USD recovers towards 0.80 – 3 reasons appeared first on Forex Crunch.