Thread: AUD/USD

Originally Posted by ;

The pair broke below 0.77 manage, the strong bearish trend continues.

Just until tomorrow Monetary Policy Meeting Minutes.
It is very likely to go all of the way around 0.8125 zone, range a little bit up there, and then bearish all of the way down do 0.7330 possibly 0.7150 zone...
Australia requires a weaker dollar. It ought to turn the year.

Weak momentum over the way up, extreme on the way down, also the CFTC report show a lot of selling pressure on the USD in general, plus longs outweigh shorts.

Quite nice chart Baaldeagle, thank you.

Westpac prediction for the Australian dollar

The weakness of the US dollar following the assembly of the Federal Committee on open market operations of the US Federal Reserve provided support to the pair AUDUSD, which it surely had, according to Sean Callow, a market research analyst in Westpac. Ahead of the statement of the Fed's conclusion, the pair traded at a brand new 3-month low of about 0.7675. Prices for basic commodities made in Australia expanded its reductions, and also Australian market-based basket fell 4.3% this month, plunging to the lowest amount since the end of November.

While AUDUSD was close 0.7625, yield differentials have continued to evolve against the Australian dollar, leaving the short term average value of their currency below 0.75. Trade tensions, initiated by the authorities of the USA still persist, and the Group of twenty five (G20) was forced to acknowledge its impotence to ensure the fulfillment of accepted duties to avoid the spread of protectionism. Trump trade measures will ignite the fires of a trade war. However, there is favorable news: Australia continues to make new jobs. In the near future we anticipate the soft tone of the US dollar will stay -- probably, this position will probably be enough for AUDUSD to exchange around 0.77 -- said the specialist.

Originally Posted by ;

quote Only until tomorrow before Monetary Policy Meeting Minutes. It's very likely to go all of the way around 0.8125 zone, range just a little bit up there, and then bearish all of the way down do 0.7330 maybe 0.7150 zone... Australia requires a weaker dollar. The year ranging low must turn.

I agree!!! Short tern view having an long term bearish perspective. Same goals

The pair will continue with correction movements around 0.77 amount, upside potential is limited.

I am awaiting the Bearish market

Can 0.76758 be defended by aussie ?

I think best defend aussie 0.7650 - 0.7630 fresh suport D1

Originally Posted by ;

can aussie defend 0.76758 ?

I have target at .7650