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Trading signals and online forecasts AUD/USD

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Forex analysis and forecast for AUDUSD for today, September 22, 2022
AUD/USD, currency, Forex analysis and forecast for AUDUSD for today, September 22, 2022 At the Asian session on Thursday, AUD/USD is trading in a strong downtrend, and at the moment is testing to break the strong support of 0.6600."Bearish" momentum the pair received after the announcement of the results of the FOMC meeting and the Jerome Powell conference. The Fed expectedly raised the rate by 75 basis points, but revised the neutral rate level from 3.2% to 4.6%. This means that the Fed will continue to aggressively tighten monetary policy. FOMC members say the rate will reach 4.25% at the end of 2022.None of the central banks of developed countries can compete with the Fed's rate of monetary policy tightening.Meetings of the Swiss National Bank and the Bank of England will be held today.AUD/USD Technical analysisOn the chart of daily AU/USD the Bollinger Band indicator is steadily directed downwardMACD indicator is declining in the negative area and has a strong sell signal.Stochastic Oscillator remains in the area of minimum values.After a break below 0.6591, we open a sale with Take Profit at 0.6500. Stop-loss is placed at 0.6630.If the price remains above resistance at 0.6581, we start to buy with 0.6750 as a guideline. Stop-loss is set at 0.6750 If you are interested in AUDUSD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest AUD/USD forecasts and signals contain support and resistance levels, as well as stop-loss ...
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Forex analytical forecast for today, September 22, for EURUSD, AUDUSD, Silver & Brent
AUD/USD, currency, EUR/USD, currency, Brent Crude Oil, commodities, Silver, mineral, Forex analytical forecast for today, September 22, for EURUSD, AUDUSD, Silver & Brent EUR/USD: on the threshold of the data on business activity in the EurozoneEUR/USD is testing the 0.9840 level.The single currency of the EU is under the influence of the "bearish" dynamics against the other assets of the world currency basket. The single currency is waiting for the macroeconomic data which will be announced for tomorrow. Thus, economists expect a decline of September PMI (business activity index) in most leading EU countries. The composite indexes of Germany may show a decrease from 46.9 points to 46.0 points in August, France may also register a decrease from 50.4 points to 49.8 points. Business activity in the EU composite index may be 48.2 points, which is lower than the previous reading of 48.9 points.Resistance levels: 0.9900 and 1.0120.Support levels: 0.9800, 0.9650.AUD/USD: the "bears" have consolidated their advantage in the pairIn APAC trading, the AUD/USD instrument is showing a downward dynamic, risking to break the strong support level at 0.6600.The asset continues to lose ground for three sessions in a row, reaching another low of May 2020. A negative stimulus for the Australian dollar was the outcome of the U.S. Federal Reserve meeting, which provides for an interest rate increase by 75.00 percentage points. The agency also shared its plans for the medium term, which include a target of 4.40% by the end of 2022 and an adjustment to 4.60% by the end of 2023. In addition, the regulator announced a disappointing forecast for economic growth in the future, in which the national economy will show a minimal growth rate of 0.2% this year, and next year it may strengthen only by 1.2%.Resistance levels: 0.6650, 0.6700, 0.6750 and 0.6800.Support levels: 0.6581, 0.6550, 0.6500, 0.6450.Silver pricesThe bank metal prices are holding a slight decline, moving away from the local low of September 13 reached earlier, approaching the 19.40 mark in anticipation of another signal.After the end of the two-day meeting of the U.S. Federal Reserve officials, market participants continue to take a wait-and-see attitude, wanting to assess the results of the meetings of the Swiss and British national regulators announced earlier, where interest rates may be adjusted from -0.25% to 0.5% and from 1.75% to 2.25% respectively. Meanwhile, the U.K. central bank is likely to release an updated forecast of the rate of economic growth going forward, with economists suggesting an increased risk of a recession or the first signs of one.Resistance levels: 19.50, 19.74, 20.00, 20.48.Support levels: 19.00, 18.68, 18.41, 18.00.Oil MarketThe benchmark Brent trades as part of a correction at 90.00 due to more news about disruptions in the supply of raw materials to global markets.At the same time, the U.S. strategic stock continues to replenish for four weeks in a row, which puts negative pressure on the markets. According to the API (American Petroleum Institute), this week correction fluctuations reached 1.035 mln barrels against 6.035 mln barrels a week ago. Additionally, the EIA (U.S. Department of Energy) confirms a reserve increase of 1.142 million barrels, when last week's increase was 2.442 million barrels.Resistance levels: 91.15, 96.40.Support levels: 86.85, 77.66. If you are interested in AUDUSD analytics, we recommend you to visit the analytics page, where you can find the latest analytics on Forex from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest AUD/USD forecasts and signals contain support and resistance levels, as well as stop-loss ...
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Forex analytical forecast for today, September 19, USDCHF, AUDUSD, NZDUSD & Gold
AUD/USD, currency, USD/CHF, currency, NZD/USD, currency, Gold, mineral, Forex analytical forecast for today, September 19, USDCHF, AUDUSD, NZDUSD & Gold AUD/USD: Investors overestimate expectations for the U.S. Federal ReserveThe Australian currency is trading in a sideways trend, testing the level of 0.6700.For the AUD/USD trading instrument, last week helped show an uptrend, allowing it to retreat from its June 2020 record level. Investors continue to refrain from new trades in the market ahead of a meeting of U.S. Federal Reserve officials. Market participants expect the agency to tighten monetary policy and increase the key indicator by 0.75%, but some economists admit that the correction could reach 1.00% at once. Analysts hope to read the regulator's updated assessments of inflation and economic growth rates. Based on the latest publication of macroeconomic forecasts, economists are confident that the U.S. economy has sufficient margin of safety to withstand the rising cost of credit. Relative to the Eurozone countries, the likelihood of a recession in the U.S. is extremely unlikely.Resistance levels: 0.6750, 0.6800, 0.6853 and 0.6900.Support levels: 0.6700, 0.6650, 0.6600, 0.6550.NZD/USD: consolidation near a record lowA slight attempt to move to the upside in Friday's trading session was unsuccessful, with the NZD/USD currency pair approaching the 0.5950 level, a record low from May 2020.A moderately positive impetus to the New Zealand dollar was given by positive macroeconomic data, according to which the PMI (business activity index) of the manufacturing sector strengthened to 54.9 points in August from 53.5 points earlier, with the market forecast of a drawdown to 52.5 points. With the beginning of the trading week the statistics on a similar index of the service sector from Business NZ came out and reflected the positive trend, strengthening to 58.6 points from 54.4 points.Resistance levels: 0.6000, 0.6049, 0.6100, 0.6155.Support levels: 0.5938, 0.5900, 0.5850, 0.5800.USD/CHF: Negative factors continue to weigh on Swiss GDPTensions in the country's economy are making the currency pair USD/CHF unstable, which sent the instrument to 0.9663.On Tuesday, national trade balance statistics will be released and the balance may show a decline to a minimum of 2.9 billion francs for the year amid rising import costs. Recall that in August, the strengthening of the index was 8.6% compared to the same period last year. SECO (State Secretariat for Economic Affairs) will release updated expectations that will reflect a clearer picture of inflation, which has all chances to strengthen to 3,3-3,5% by the end of September due to the rising cost of imports, marking another anti-record for the country.Resistance levels: 0.9700, 0.9843.Support levels: 0.9587, 0.9410.Gold pricesThe precious metal showed moderate decline since the beginning of the trading week, resuming the "bearish" trend after an insignificant upward correction a week earlier, consolidating at the level of 1665.00 with the prospect of further decline.The euro zone energy crisis supports the demand of the "safe" asset, but tendencies to its reduction are developing a few weeks in a row, mainly on the background of the closing of the short-term deals at a blistering pace. The CFTC (Commodity Futures Trading Commission) report showed that speculative net contracts on the precious metal fell to 97,300 from 103,900 last week. Swap dealers will continue to be under the influence of the bears, with the number of the former reaching 171,871 from 89,922 buyers. General dynamics shows that bulls added 0.535k deals this week, whereas bears lost 4.059k deals.Resistance levels: 1675.00, 1688.58, 1700.00, 1720.00.Support levels: 1653.92, 1640.00, 1620.00, ...
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Forex analysis and forecast for AUDUSD for today, September 19, 2022
AUD/USD, currency, Forex analysis and forecast for AUDUSD for today, September 19, 2022 On Monday the "bears" regained the initiative and are trying to consolidate below the level of 0.6700At the end of last week the buyers were able to push back from the lows of June 2020 and recover some of their losses, although the fundamental background is still favorable to the U.S. dollar.Forex pair volatility has been low since the beginning of the week as investors are waiting for the outcome of the Fed meeting, which will be published on Wednesday, September 21. The regulator is likely to continue the cycle of rate hikes, but the prospects for the U.S. currency directly depend on the monetary restriction step. So far, the probability of a 75 basis point rate hike is about 70%, 100 bps is 30%.The Fed will also release a forecast for inflation and the pace of economic growth.The Reserve Bank of Australia's meeting minutes will be released Tuesday morning. The Australian regulator has held a 225 basis point rate hike in five months to 2.35% and intends to continue the monetary policy tightening process.AUD/USD Technical AnalysisThe Bollinger Bands on the Daily are pointing down.MACD is developing a decline in the negative range and holds a sell signal.Stochastic broke below the 20% level and went flat.After the pair has consolidated below the key level of 0.6650, we return to the sales with the target at 0.6550. Stop-loss is set at 0.6700.Upon breakout of resistance at 0.6750, we consider entering into long positions with Take Profit at 0.6853. Let's place a protective stop at ...
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Forex analytical forecast for today, September 16, for EURUSD, USDCAD, AUDUSD & WTI
AUD/USD, currency, EUR/USD, currency, USD/CAD, currency, WTI Crude Oil, commodities, Forex analytical forecast for today, September 16, for EURUSD, USDCAD, AUDUSD & WTI EUR/USD: the euro zone currency is holding at the level of 1.0000The Euro shows multidirectional dynamics, approaching the level of 1.0000 again. The trading week started with the bulls' attempts to get higher than the psychological level, but failed and now it was decided to wait for the outcome of the U.S. Federal Reserve's meeting minutes.The U.S. regulator will hold a meeting on September 20-21, during which the interest rate can be increased up to 50-75 basis points. However, among the forecasts, a tougher measure of interest rate increase by 1.00% at once is more and more often admitted, but the assessment of such probability does not exceed 25%. Economists also want to see data from Europe on inflation in August. The current expectations do not allow for a sharp dip in inflation, allowing it to continue near the record 9.1% mark. Energy prices declined modestly, which was offset by an increase in the price of food commodities.Resistance levels: 1.0000, 1.0050, 1.0100, 1.0150.Support levels: 0.9950, 0.9900, 0.9850 and 0.9800.USD/CAD: The U.S. dollar made a new high in 2020"The American" is developing an upward trend since Tuesday, where the USD/CAD instrument was near the local low of August 26. In the present, the asset updated the record high of the last two years due to the statistics from the U.S. on inflation, which did not reflect the expected rate of decline. For August, the annual consumer price level in the United States fell to 8.3% from 8.5%, against expectations of a decline to 8.1%, but excluding the food and energy group, inflation showed a steady increase to 6.3% from 5.9%. Investors have already adjusted their preliminary estimates on the U.S. Federal Reserve's next steps with a plurality expressing confidence of a 0.75% hike in the key index at the regulator's next meeting and some even admitting a more decisive 1.00% correction at once.Resistance levels: 1.3250, 1.3300, 1.3350 and 1.3400.Support levels: 1.3200, 1.3150, 1.3100, 1.3050.AUD/USD: investors disappointed by the labor market statisticsDue to continued strengthening of the American currency, AUD/USD is testing 0.6717.The Australian currency showed negative dynamics during the last sessions, which was accentuated by yesterday's employment report, showing a 3.5% increase in the unemployment rate, which was the first such increase since September 2021. In quantitative terms, there were 14.0 thousand more unemployed, strengthening the target to 487.7 thousand unemployed, the youth segment of the population showed an increase to 8.4%, in the ratio of employed to the number of citizens strengthened from 64.2% to 64.3%. Full-time employment added 58.8 thousand workers, but part-time employment decreased by 25.3 thousand, because the population wants to work in a stable place of work against the backdrop of rising costs of living and debt.Resistance levels: 0.6770 and 0.6916.Support levels: 0.6684, 0.6530.Oil market reviewIn the trading session of Asian countries, the "black gold" of WTI grade shows the sideways trend, testing the level of 85.00.The day before it became known about the decision between the G7 countries and the EU to ban transportation of oil from Russia since the first days of December, and petroleum products from February 5 next year under the agreement to limit the cost of goods on the commodity market. Thus, the parties to the agreement intend to deprive the Russian economy of the flow of funds to the budget due to its military invasion of Ukraine and prevent a rapid increase in the cost of oil in the future. The U.S. Treasury Department warned that those countries that have expressed support for the initiative, but blocked its implementation from their side risk legislative responsibility within the jurisdiction, carried out the use of the price cap. Nevertheless, according to Bloomberg, Russia systematically continues to ship up to 3.32 million barrels of fuel, 30% of which goes to the EU.Resistance levels: 85.00, 86.95, 90.00, 91.93.Support levels: 83.00, 81.00, 80.00, ...
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Forex analytical forecast for today, September 14, for EURGBP, AUDUSD, EURTRY & Silver
AUD/USD, currency, EUR/TRY, currency, EUR/GBP, currency, Silver, mineral, Forex analytical forecast for today, September 14, for EURGBP, AUDUSD, EURTRY & Silver EUR/GBP: the asset is moving in the sideways trendWithin the Asian trading session, EUR/GBP is moderately declining, testing the level of 0.8670.Earlier the euro tried to move to the stronger position, but investors were focused on the U.S. data examination, which caused European and UK currencies to decline against the U.S. dollar. According to the publication, consumer prices rose 0.1%, while economists forecasted a negative correction within a similar value, however the annual rate declined to 8.3% from 8.5%, while the expectations were for a decline to 8.1%. The consumer price index led analysts to lower their positive assessment of the effectiveness of the leading central bank's monetary strategy, but raised the odds of a 0.75% hike in the U.S. Federal Reserve's key indicator in September.Resistance levels: 0.8692, 0.8720, 0.8750 and 0.8800.Support levels: 0.8645, 0.8616, 0.8585, 0.8560.AUD/USD: The Australian currency has resumed its declineThe AUD/USD traded slightly higher, holding onto a local low from Sept. 8, a low posted earlier when the AUD/USD suffered its biggest drop in months in reaction to U.S. consumer price data.Market participants will want to see the August Australian jobs market report due out on September 15. Preliminary estimates assume a significant strengthening of the number of employed by 35.0 thousand, showing a decrease of 40.9 thousand in the last reporting period. However, experts also allow for a decline in the overall employment rate. Moreover, on Thursday the RBA (Reserve Bank of Australia) will give a forecast for the consumer price level in September, which correction might be up to 6.7% from 5.9%.Resistance levels: 0.6750, 0.6800, 0.6853 and 0.6900.Support levels: 0.6700, 0.6650, 0.6600, 0.6550.Silver pricesThe price of bank metal is moving in the downward dynamics, leaving the local high of August 17 amid the release of macroeconomic indicators in the United States.Thus, according to the data, the consumer inflation added 0.1% in August, against the expected decline of a similar value. Moreover, without calculating the cost of foodstuffs and energy the value showed an increase to 0.6% from 0.3%, not justifying the preliminary forecast of zero fluctuation. The annual inflation figure showed a correction to 8.3% from 8.5%, which reflected only a partial success of the U.S. Federal Reserve System, greatly questioning the prospects for the "hawks" strategy of the regulator. As of today, over 80% of experts forecast that the U.S. regulator in the meeting announced for September 21 will review the interest rate by 0.75% increasing the target to 3-3.25% per annum.Resistance levels: 19.50, 19.74, 20.00 and 20.48.Support levels: 19.00, 18.68, 18.41, 18.00.EUR/TRY: Quotes approaching all-time highsEUR/TRY is preparing to move above the record resistance level of 18.6000.Turkish lira is getting stronger amid Turkish leader Erdogan's statements that the government will allocate additional $50.0 billion to build new residential real estate and business centers. The initiative of the government provides for the extension of mortgage payments period to 20 years, which will allow monthly payments not to exceed the mark of 125.0 dollars, while the minimum wage is 300.0 dollars. When examining macroeconomic statistics, economists note that Turkish industrial production slipped from 8.8% to 2.4% in July, while the retail sales index shed 0.3%, lowering the yearly rate to 2.0%.Resistance levels: 18.6000, 19.3000.Support levels: 17.9232, ...
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Forex analysis and forecast for AUD/USD for today, September 14, 2022
AUD/USD, currency, Forex analysis and forecast for AUD/USD for today, September 14, 2022 After yesterday's sharp plunge caused by the release of the US inflation report, on Wednesday AUD/USD is consolidating near the local lows of September 8, keeping the potential for further decline.Yesterday's release recorded a rise in core inflation in the United States from 5.9% to 6.3% and a decline in the consumer price index from 8.5% to 8.3% with a forecast of 8.1%.With such raw data, the Fed will have to step up its aggressive tightening of monetary policy. Investors are expecting the regulator to announce its third rate hike of 75 basis points on September 21, although some investors believe the Fed will go even further and raise the rate by 1.0% at once. The probability of such a scenario today is 34%.Tomorrow the labor market report comes out in Australia. According to the forecasts the growth of employment will be 35 thousand places. The RBA will also release the inflation expectations bulletin for September.AUD/USD Technical analysisThe CCI and the Bollinger Bands are showing a steady decline.MACD indicator has returned to negative range and is holding a sell signal.Stochastic Oscillator has shifted back to decline after the local growth.Trade is going near the strong level 0.6700. If the pair strengthens below this level, we will form short positions with Take Profit at 0.6600. We will place a stop loss at 0.6750.If AUD/USD rebounds from 0.6700, we recommend waiting for a breakout resistance at 0.6750 and only then open a buy position with the nearest target at 0.6853. Placement of a stop loss at ...
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AUDUSD - Forex technical analysis for the AUD/USD currency pair on September 13
AUD/USD, currency, AUDUSD - Forex technical analysis for the AUD/USD currency pair on September 13 On the daily chart the important thing is the overcoming of the downtrend line, built since mid-August, and the level of 0.6860. Overcoming the strong resistance zone shows that the growth has sufficient support. The pair returned to the wide range, and now the growth may continue with less resistance. Psychologically important level 0.7000 seems to be the target now.  On the four-hour chart the pair has moved to the growth. Relative maximums and minimums consistently grow. After overcoming the trend line on the pullback, the pair got the support at the trend line, after which the flag was formed in the range of 0.6860-0.6900. Now the pair comes out of it upwards, and it, probably, marks the beginning of one more growth wave after consolidation and fixation above previously important resistance level. On indicators of the directed movement growth became a strong trend: DM + above DM - big with high level of ADX, the histogram of MACD in a positive zone, the MACD line has a positive slope.Resistance levels: 0.6900; 0.6950Support levels: 0.6860; ...
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AUDUSD: analysis, signals, forecast for today and quotes
AUD/USD, currency, AUDUSD: analysis, signals, forecast for today and quotes AUD/USD ("Aussie") is a currency pair popular among traders, consisting of the Australian and American dollars.The base currency in this combination is AUD, that is, when buying a pair, you need to pay US dollars. We will talk about the specifics of working with this financial instrument today.AUD/USD is the sixth most popular quote to date. Up to 5% of transactions carried out on the international market are connected with the Australian dollar. There are a number of advantages that make AUD as interesting as possible for financial market players.Firstly, it is the stability of the political situation in the country, the geographical location of which makes its economy as protected as possible from external negative influences such as the tense international situation. The Australian dollar is quite stable relative to speculative operations.Secondly, the current strategy of the Bank of Australia, which has been keeping the interest rate stable for more than a decade and a half, is a plus. Thanks to this, investors can earn both by investing in long-term deposits and by playing on the carry trade.AUD is often called an agricultural and raw material currency. The first is explained by the high dependence of the country's economy on the volume of harvest and factors that can affect it. The title of "raw currency" is due to the fact that the local budget is quite seriously focused on the income received from the sale of gold. Thus, the exchange rate of the local currency is closely related to the dynamics of prices for this precious metal.Factors influencing the AUDUSD rate and what quotes depend onThe interest rate set by the Reserve Bank of Australia has the greatest impact on the value of the Australian currency. Decisions are made by the monetary policy committee within the framework of the meeting of the central bank of this country. The committee includes the head of the RBA, a representative of the Ministry of Finance, as well as 6 representatives appointed by the Australian government.Naturally, the trader is not concerned about the rate itself, but about its dynamics and the possibility of change.If the market expects it to rise, the Australian dollar will be in high demand.Accordingly, if it is assumed that the RBA will cut the interest rate, the Australian dollar will decline.You can follow the news of the Australian Bank on its official website: http://www.rba.gov.au/Read more: USD/JPY: chart, forecast for today, currency pair overviewHow can traders use this information? The RBA meetings are held every month on a strictly defined date and time. Knowing in advance that such an event is planned for the week, a trader can analyze the information and determine what the market expectations are. In addition, you can open a deal after the bid is announced and catch the trend.Another determining factor is inflation. Its dynamics may also have an impact on the fluctuations of the Australian dollar. How does this affect the market? The fact is that the RBA considers the inflation rate of 2-3% as a target. Any value above this indicator may lead to consideration of the possibility of tightening monetary policy (an increase in the interest rate).Accordingly, if inflation statistics are published (retail price index), and the result turns out to be higher than 3%, for example, this may lead to a rise in the price of the Australian dollar, since the market in this case believes that the RBA will take restraining measures, which are expressed, for example, in an increase in the interest rate.If the retail price index turns out to be below the target levels (or significantly lower), the Australian dollar may fall in price, as the market will consider such statistics as a signal for the RBA to take softer actions to stimulate domestic consumer prices.Economic growth rates (GDP dynamics) play an important role in the formation of the Australian dollar. After all, the faster the economy grows, the more funds are invested in various assets. Accordingly, there is an increase in demand for the currency. Another important point is that faster economic growth leads to the fact that the state (in this case, Australia) stops stimulating the economy through a lower rate.The AUD USD currency pair, however, this indicator is lagging and is published in the economic calendar once a quarter. Therefore, traders pay attention to earlier statistics on business activity. It also reflects the situation in the economy, and the dynamics of business activity can cause significant fluctuations in the market.The situation on the labor market also has an impact on the Australian dollar, although indirectly. An increase in unemployment leads to a drop in household incomes and a decrease in domestic consumption. It may also indicate significant problems in the country's economy and a decline in business activity. Accordingly, the government and the RBA may decide on measures to stimulate the economy.If unemployment decreases, this indicates positive trends in the economy and may lead to an increase in the Australian dollar, all other things being equal.News analysisTypes of AUD/USD news can be divided into three categories:Economic. First of all, of course, the events taking place in Australia and the USA are taken into account. If there are serious differences between the predicted and published indicator, we should expect serious market fluctuations.Financial. It evaluates inflation rates, currency interventions, interest rates, etc.Weather conditions. As mentioned above, the Australian dollar exchange rate is closely related to crop prices. Information about possible natural disasters (hurricanes, droughts, etc.) signals a decrease in AUD.Read more: GBP/USD exchange rate (Online Chart), forecast for todayCommodities and other external factorsThe AUDUSD rate is affected by the situation on the raw materials market. Australia is an exporter of gold, iron ores, gas, oil, and coal. The economy of this country is very dependent on the export of raw materials. Therefore, its prices significantly affect the value of the Australian dollar. Approximately the same situation is observed in Canada and Russia, where the local currency depends on oil prices.Another important external factor is the situation of trading partners. For Australia, it's China and Japan. If positive news comes from these countries, it can have a positive effect on the fluctuations of the Australian dollar.AUDUSD growth is also possible when investors are in search of a so-called currency haven. When the markets are restless, players very often buy either gold (which leads to an increase in the Australian dollar), or the Australian dollar itself.Why is this currency in demand in such situations? The fact is that Australia has a ratio of public debt to GDP of less than 50%.All of the above factors have a serious impact on the Australian dollar. But you can trade it even without knowledge in the field of fundamental analysis. It is enough just to study the technical method of forecasting. There are a lot of strategies that can bring a good profit.The Australian dollar, like many other currencies, is predictable, both in terms of graphical patterns and in terms of various trend and oscillatory indicators.Trading on AUD USDAs already mentioned, the AUDUSD quote displays the value of the Australian dollar relative to the American one.The "Aussie" item is equal to the lot multiplied by the minimum change in the quote. For one lot, the item will be ten USD = 100,000 x 0.0001. In the case of a multiple decrease or increase in the lot, it will change accordingly.Fluctuations of the currency pair during the day can reach 100 points, as a result of which even traders with modest financial capabilities get the opportunity to earn seriously. Spreads are usually small here, so you can play both on long-term and short-term periods.The fact is that it is in the morning that the Australian and Asian exchanges begin to work. Historical extremes and support/resistance levels are easily tracked on the AUD/USD chart, and graphic figures (triangles, pennants, etc.) are often observed. Another distinctive feature of this currency pair is its high susceptibility to news.Read more: AUD/CAD: exchange rate, online forecast, currency pair overviewFeatures of the currency pairThe Australian dollar has a free exchange rate that is not pegged to USD. The following pairs have the greatest impact on quotes: EUR/USD, USD/CAD, AUD/CAD, and USD/JPY.The most effective means of trading AUD/USD are traditional trend-following strategies.It is believed that the movements here are more straightforward than, for example, on EUR/ USD. Both pairs have an average volatility of 70-80 points during the day. However, when trading EUR/USD, it increases sharply around 12 o'clock GMT, whereas AUD/USD is distributed relatively evenly. This makes it easier to work with the Australian dollar, so this currency pair is perhaps even more suitable for beginners.It is widely believed that the AUD/USD rate can be considered almost a "twin" of NZD/USD. The logic is clear enough. New Zealand has almost all the advantages of Australia, with one exception – the latter's economy is more stable and developed. If we talk about some close similarity of the "Aussie" with another currency pair, it is AUD/CAD (Australian/Canadian dollar).Separately, it is worth noting the presence of a positive correlation with the gold chart.Trends here also coincide quite often:Gold – Red Price LineAUDUSD is a currency pair that can be recommended to all lovers of long-term trading. "Long" strategies are favored by the stability of the economies of both its participants. A relatively low spread makes it possible to trade on short-term periods.Given the fact that the Australian dollar acts as the base currency, special attention should be paid to news related to this country. The AUD USD exchange rate is largely determined by the consumption of commodities, the main buyer of which is China. Thus, it makes sense to closely monitor what is happening with the economy of China.Working with this financial instrument requires a thorough technical and news analysis. For fans of multi-currency strategies, it makes sense to additionally pay attention to the charts of gold, USD/CAD, USD/JPY, AUD/CAD and ...
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