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Australian Dollar Flat Despite Better-than-Expected GDP

The Australian dollar was trading flat today even though Australia’s gross domestic product rose more than was expected and the central bank’s chief delivered a rather optimistic speech.

AUD/NZD in Freefall After 1.0474 Gave Way

The Australian versus the New Zealand dollar currency pair is under heavy bearish pressure. Could the bulls still do something to rectify the situation?

Australian Dollar Mixed After RBA Meeting, China’s Manufacturing PMI

The Australian dollar did not show a clear trend today. The Reserve Bank of Australia left its monetary policy unchanged at its last policy meeting this year, as was widely expected. China’s macroeconomic data was helpful to the Australian currency.

Australian Dollar Soft on Mixed Domestic Data, China’s Trade Conflicts

The Australian dollar was soft today, trading either flat or lower versus other most-traded currencies. Domestic macroeconomic data was mixed, giving no help to the currency. Better-than-expected economic releases in China were unable to provide a boost either.

Bulls Still on Course to 0.7587 on AUD/USD?

The Australian versus the US dollar currency pair seems to be escaping the bearish force that rests between the 0.7300 and 0.7400 areas. Did the bears really give up?

Aussie Flat, Ignores Negative Domestic Macroeconomic Data

Macroeconomic data released in Australia on Thursday was not good but that hardly affected the Australian currency. The Aussie was trading flat against all of its most-traded peers as trading was very quiet due to a holiday in the United States.

Bears Pausing or Preparing Sharp Resume on AUD/NZD?

The Australian versus the New Zealand dollar currency pair seems to be under decisive bearish dominance. Can the bulls make their way to 1.0707? Long-term perspective After the 1.0566 low validated the 1.0551 firm support area, the price climbed until the 1.1043 peak, just above the equally durable 1.0903 resistance area. Once there, the bulls had no choice but to retreat, as the bears were set to defend the area. As a result, […]

Australian Dollar Joins Rally in Risk-On Environment

The Australian dollar joined the rally of its New Zealand counterpart amid the risk-on market sentiment. There were no macroeconomic reports released in Australia today, while yesterday’s data was positive.

Bulls in Shape for 0.7587 on AUD/USD?

The Australian versus the US dollar currency pair seems to be under bullish dominance. Are the bears going to do something?

Australian Dollar Flat Despite Amazing Employment Data

The Australian dollar did not move far today as markets were in a consolidation mode after optimism caused by the coronavirus vaccine news started to wane. Even the stellar jobs report failed to boost the Australian currency.

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