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AUD/USD Facing an Important Test Before Continuing Towards 0.7200

The Australian dollar versus the US dollar currency pair is at an important resistance area, but the bulls are very determined. The clues for which path the price will take lie in a few details.

Weak Employment Data Doesn’t Prevent Rally of Australian Dollar

Australian employment data came out today much weaker than was expected. Yet that did not prevent the Australian dollar from rising against the majority of its most-traded peers.

Aussie Firm After RBA Monetary Policy Meeting Minutes

The Australian dollar gained against the majority of its most-traded counterparts today, with the exception of the US dollar. That is despite the Reserve Bank of Australia released policy minutes, which suggested that the central bank maintained easing bias.

Australian Dollar Gains on China’s Data

The Australian dollar gained against its most-traded rivals today after the release of macroeconomic indicators in China, Australia’s biggest trading partner. While not all indicators were especially good, most of them were decent enough to support the Aussie.

Australian Dollar Firm Despite China’s Trade Data

The Australian dollar was firm across the board today despite trade data from China, Australia’s biggest trading partner. While China’s trade surplus increased, the report was not necessarily good.

CAD/JPY Tries to Stabilize Above 82.71

The Canadian dollar versus the Japanese yen currency pair managed to get even closer to the resistance line that dates back to the beginning of March 2019, and this brings even more possibilities for the bulls.

Aussie Firm Despite Domestic & China’s Data

The Australian dollar was firm today despite poor macroeconomic data, both domestic and in China, Australia’s biggest trading partner. The possible reason for the rally was profit-taking after yesterday’s huge slump. The currency fell against some rivals intraday but has erased losses against all of them by now.

Where Will AUD/CAD Go After Breaking Below 0.9100?

The Australian dollar vs. the Canadian dollar considered the direction of the main trend, continuing the downwards move. What could happen next is very interesting.

Australian Dollar Drops with Business Confidence

The Australian dollar declined today amid the worsening business confidence in Australia and the general negative market sentiment.

AUD/USD Looking Towards 0.7200

The Australian dollar vs. the US dollar is quietly preparing an ascent while evolving casually in the descending channel that began a year ago.

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