AUD/USD Live News

This page provides live coverage and news analysis on the AUD/USD currency pair

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Jan. 28, 2021

At 0.7593 Australian dollars, down to its lowest value in 4 weeks.

Live - Updated 19 minutes ago.

After opening at 0.7662, AUD/USD dropped to its lowest point in 4 weeks at 0.7593. It later recovered 12 pips and is now trading at 0.7606.

This downslide might be related to financial indicators data published earlier, as data for the Australia Consumer Price Index released yesterday at 12:30 AM was better than expected at 0.9, but worse than the previous figure of 1.6. United States Crude Oil Inventories fell short of the 430,000 projections, at -9.91 million and continued its downward trajectory from the previous figure of 4.35 million.

Meanwhile, United States Interest Rate matches projections with new data release of 0.25. indicator value is unchanged and is the same as previous data of 0.25.

Visual analysis of the Australian dollar's price graph shows that although the Aussie/Dollar is down today and was as low as 0.7593, it seems to be recovering slightly and climbing away from the 0.7524 support line and is now 82 pips above it. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive. The CCI indicator is bellow -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that The Aussie/Dollar has just crossed the lower Bollinger band at 0.7631, indicating further loses might be next

Overall, technical indicators suggest the Aussie/Dollar has no obvious direction for the immediate future.

Also today, USD/SGD made its largest single-day gain (58 pips) since September 2020. The Canadian dollar is eyeing the 1.2908 resistance line. The New-Zealand Dollar is eyeing the 0.7044 support line. EUR/AUD up 131 pips, making its largest single-day gain since December 2020.

The market will keep its eye on the following upcoming macroeconomics indicators: Australia Private Sector Credit is expected tomorrow at 12:30 AM. The Australia Producer Price Index is expected tomorrow at 12:30 AM. The Australia Consumer Price Index is expected tomorrow at 12:30 AM. Australia CFTC AUD speculative net positions will be released tomorrow at 8:30 PM.

Aussie/Dollar social media highlights:

Jan. 27, 2021

The Australian dollar made its largest single-day drop (78 pips) since September 2020

(22:06) GMT

After starting at 0.7746 AUD/USD made its largest single-day drop (78 pips) seen recently, trading now at 0.7667

This downslide might be related to financial indicators data published earlier, as the Australia's Consumer Price Index released today at 12:30 AM is better than expected at 0.9 but down from preceding data of 1.6 according to new data. United States Crude Oil Inventories published today at 3:30 PM came out at -9.91 million, falling short of the 430,000 projections and continuing its decline from the previous 4.35 million figure.

Meanwhile, Australia Trimmed Mean CPI (QoQ) (Q4) matches projections with new data release of 0.4. indicator value is unchanged and is the same as previous data of 0.4.

The Chart pattern study shows the Australian dollar might start to recover soon because it is getting closer and is now only 39 pips from the support line at 0.7628, Obviously, dipping below it could be an indication that further losses are ahead. Asset volatility analysis shows that a slight indication of recovery comes from looking at the Bollinger bands: the lower band is at 0.7643 – a low enough level to usually suggest the Aussie/Dollar is trading below its value. On the other hand, note that at 0.7703, Australian dollar made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems the Aussie/Dollar might reverse course and start pointing upward in the short term.

Also today, New-Zealand Dollar made its largest single-day drop (76 pips) since September 2020. The Canadian Dollar made its largest single-day gain (90 pips) since October 2020. EUR/AUD is eyeing the 1.5618 support line.

The market will be looking forward to upcoming data for Tomorrow at 1:30 PM, data for United States GDP will be released, with an expected decline of four from the preceding figure of 33.4. United States New Home Sales is projected to outperform last figure with 865,000, while it previously stood at 841,000, data will be released tomorrow at 3:00 PM. The United States Initial Jobless Claims is projected to outperform last figure at 875,000, while it previously stood at 900,000, figure will be published tomorrow at 1:30 PM.

Australian dollar social media highlights:

Jan. 26, 2021

At 0.7671 Australian dollar down to its lowest value in 3 weeks and a half

(22:06) GMT

Having started at 0.7713 AUD/USD dropped to 0.7671, hitting its lowest point in 3 weeks and a half, later it recovered 81 pips and is now trading at 0.7753

The uptick comes while some more positive signs for the Australian dollar are out as United States Consumer Confidence beat expectations of 89 with new data release of 89.3. This is also a step forward from the previous data of 87.1.

At the same time, United States API Weekly Crude Oil Stock fell short of the 603,000 projections, to -5.27 million and continued its downward trajectory from the previous figure of 2.56 million. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Nov) beats expectations of 8.6 with new data release of 9.1. This is also a step forward from the previous data of eight.

The Australian dollar eyes resistance at 0.778 and is now only 27 pips away. Crossing it might suggest a continuation of a positive trend. The upper Bollinger band is at 0.7803, indicating a negative correction might be next. Overall, looking at the technical analysis landscape, it seems the Aussie/Dollar is likely to reverse course and start pointing down in the short term.

A look at other markets shows behavior that usually indicates a green move for the Australian dollar, as the Kiwi is green with a 0.56% gain (40 pips), to 0.7243 levels. The Canadian Dollar went down to 1.2691 (48 pips). EUR/AUD went down to 1.569 (51 pips). The Singapore Dollar went down to 1.3242 (26 pips).

The market is looking forward to the Australia Consumer Price Index figure projected at 0.7 while it previously stood at 0.7, data will be released tomorrow at 12:30 AM. Australia Trimmed Mean CPI (QoQ) (Q4) is scheduled for tomorrow at 12:30 AM. Australia NAB Business Confidence (Dec) scheduled to come out tomorrow at 12:30 AM. United States Crude Oil Inventories are projected to come out at 603,000 – worse than previous data of 4.35 million, Data will be released tomorrow at 3:30 PM.

Jan. 25, 2021

Steady Aussie/Dollar parks at 0.7714

(22:06) GMT

At the same time, mixed performances were seen elsewhere as the New-Zealand Dollar made some headway from 0.7183 to 0.7203 (0.28%, 20 pips). EUR/AUD drops to 1.5735 (36 pips).

The Aussie/Dollar nearest support level is at 0.7628. The upper Bollinger band is at 0.781 and the lower is 0.7605.

Data to be released later might clear up some of the fog for the Australian dollar as United States Consumer Confidence is projected to outperform the last figure with 89 while it previously stood at 88.6, data will be released tomorrow at 3:00 PM. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Nov) projected to outperform last figure with 8.1 while it previously stood at 7.9, data will be released tomorrow at 2:00 PM. The United States API Weekly Crude Oil Stock is expected tomorrow at 9:30 PM.