AUD/USD Live News

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

Advertiser Disclaimer
Top8forexbrokers would like to remind you that the data contained in this website is not necessarily real-time nor accurate.Prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Top8forexbrokers does not bear any responsibility for any trading losses you might incur as a result of using this data.
Top8forexbrokers or anyone involved with Top8forexbrokers will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Apr. 16, 2021

Is it the end of Aussie/Dollar rally? After six days of gains, it's down 0.22% today

(23:06) GMT

AUD/USD recovered back almost all the way to 0.7753 after dipping down to 0.7724. (Start trading Australian dollars at FXTM today).

On the flip side, Australia Employment Change released yesterday at 1:30 AM is better than expected at 70,700 but down from preceding data of 88,700 according to new data. United States Building Permits came out at 1.77 million, above the estimate of 1.75 million. This is also a step forward from the previous data of 1.72 million. United States Core Retail Sales beat expectations of five with the new data release of 8.4. This is also a step forward from the previous data of -2.5.

As the day reaches an end, a chart visual study suggests the nearest support level is at 0.7584, while the closest resistance is at 0.7803. In terms of trend indicators, we can see that the MACD line is above the MACD signal line significantly, meaning the medium-term trend might turn negative. Asset volatility analysis shows that the upper Bollinger band is at 0.773, indicating a further downward move might be next. However, the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level, it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for the Aussie/Dollar

positive performance, however, can be seen looking at other symbols as the Dow Jones reaches a new record high at 34,257. S&P ascends to 4,187, its highest rate ever.

follow us:

Week to date

Australian dollar goes up to 0.7736 (a 1.57% gain) after starting the week at 0.7616 .

AUD/USD spiked to 0.7736 gaining 119 pips. (Trade Aussie/Dollar with FXTM now).

The Aussie/Dollar green move comes while some more encouraging signs are out as data for Australia Employment Change released yesterday at 1:30 AM is better than expected at 70,700, but worse than the previous figure of 88,700. Data for United States Core Retail Sales released yesterday at 12:30 PM came out at 8.4, beating projections of five and showing improvement over the preceding figure of -2.5.

The Aussie/Dollar shows positive signs, other assets are also on par: Euro/Yen hits 130.63, highest price in 2 years. The New-Zealand Dollar made its largest weekly jump of 105 pips(0.34%) since November 2020.

At the same time, Yen made its largest weekly gain of 104 pips (0.04%) since November 2020. The GBP/NZD made its largest weekly gain of 285 pips (0.75%) since December 2020. GBP/CAD hits a 4 month low, as it drops to 1.697