Australian dollar news

This pair will likely continue rising as bulls target the important resistance level at 0.6350

Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy

AUD/USD: Despite a bullish surge, long term the Aussie is looking bearish with its reliance on a struggling Chinese economy

During my daily analysis of the major currency pairs, the AUD/USD pair is one that has caught my attention as we are hanging around the 0.62 level. The 0.62 level is an area that’s been important multiple times, so I think you should pay close attention to what goes on here. All things being equal, looks like a market that is going to be very noisy and choppy, and of course the fact that the area …

The AUD/USD exchange rate remained on edge ahead of Donald Trump’s inauguration in the United States. The pair retreated below the psychological point at 0.6200, a few points above this month’s low of 0.6133.

In my daily analysis of major currency pairs, the AUD/USD is what I find very interesting, as we are hanging around the 0.62 level.

The Australian dollar initially did pull back a bit against the Canadian dollar, only to turn around and show signs of life.

My previous signal last Thursday was not triggered as there was no bearish price action when the resistance level at $0.6192 was first reached.