AUD/USD Live News

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AUD/USD

Dec. 1, 2023

Bullish currency pair Aussie-Dollar runs out of steam at 0.6678; currently at 0.6677

(23:06) GMT

Tentatively higher from an earlier low of 0.6582, Aussie-Dollar is up to 0.6677 today, adding 67 pips, or 1.02%, to yesterday's closing price of 0.661.

Meanwhile, Australia CFTC AUD speculative net positions released today at 20:30 UTC with a figure of -71,200, while the previous figure was -78,000. United States ISM Manufacturing Prices (Nov) came out at 49.9, while a consensus of analysts was expecting 46.2. United States ISM Manufacturing PMI (Nov) released today at 15:00 UTC with a figure of 46.7, while the previous figure was 46.7.

Although AUD/USD is appreciating today after rising as high as 0.6678, price action is now slowing and consolidating around 29 pips below the 0.6707 resistance level. Despite posting gains so far today, Aussie-Dollar slid below its 5 day Simple Moving Average at 0.6604 in earlier trade — an early indicator that a negative trend could be emerging. Aussie-Dollar's upper Bollinger Band® is at 0.6718, this is a slight indication of a slowdown.

Technical analysis suggests there could be an imminent reversal for Aussie-Dollar.

While Aussie-Dollar is up today, these currencies are lagging behind: EUR/NZD is down 160 pips from the beginning of the session and now trades around 1.7525. EUR/AUD is trading around 1.63 (down 182 pips). After ending yesterday's session at 148.16, USD/JPY lost 134 pips and is trading around 146.81.

The past 3 months have been positive for Aussie-Dollar as it added 129.35% compared to its 3-month low of 0.6305.

trade on the AUD/USD

Week to date

Market stalemate leaves the Australian dollar hovering around 0.6677 .

A good end to the trading week, AUD/USD is up to 0.6677, after closing yesterday at zero. Overall, a 0% move or 6,677 pips this week. (Start trading the Australian dollar at FXTM today).

Nevertheless, United States Pending Home Sales released yesterday at 15:00 UTC is better than expected at -1.5% but down from preceding data of 1% according to new data. Highly important Initial Jobless Claims data from United States beat analyst expectations of 220,000 with a reading of 218,000.

Meanwhile, United States ISM Manufacturing Prices (Nov) released today at 15:00 UTC with a figure of 49.9, while the previous figure was 45.1. United States ISM Manufacturing PMI (Nov) came out at 46.7, while a consensus of analysts was expecting 47.6. United States Core PCE Price Index (YoY) (Oct) came out at 3.5.

The market is looking forward to the release of new data: Australia Interest Rate is expected Tuesday. Australia Building Approvals (MoM) will be released Thursday. Australia Company Gross Operating Profits (QoQ) (Q3) scheduled to come out Monday.

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