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AUD/USD gets closer to 0.80 – can it make the break?

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 […]

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AUD/USD advanced on jobs, Fed minutes – 0.80 in play?

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 […]

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AUD/USD leaning lower – break or bounce?

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 […]

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AUD/USD recovers towards 0.80 – 3 reasons

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. […]

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