archiveaudusd

AUD/USD pair reaches 0.6537 at the start of the week’s session, a level last seen on November 25, 2024.AUD/USD braces for volatility with US Durable Goods and Consumer Confidence Data.AUD/USD retreats from six-month high but remains steady with resistance firming at 0.6500.The Australian Dollar (AUD) is consolidating within a narrow range against the US Dollar (USD) after reaching a six-month high early Monday. However, the pair retreated from the highs ahead of Tuesday’s key economic data.Recent broad-based weakness in the US Dollar has supported demand for risk-sensitive currencies, allowing AUD/USD...

The market regime switched to ‘risk off’ in late February and early March (especially in the US). Currencies were caught up in that, as the dollar rallied. In particular, among the G10 currencies, the US dollar was particularly strong against the CAD; AUD; & the NZD. By early March, therefore, those currencies had given back all their YTD gains, with the Aussie dollar briefly dipping below its 50 day moving average (FIG B). Since then the AUD has started to rally, and is attractive for 4 key reasons: 1. The...