Today
-0.06%
5 Days
-1.41%
1 Month
-0.58%
6 Months
-3.51%
Year to Date
+3.85%
1 Year
+6.54%
Opening Price
0.693Previous Closing Price
0.693
Rebound above 0.6913 towards 0.6969
below 0.6913, expect 0.6894 and 0.6883.
Rebound above 0.6913 towards 0.6969
The Australian Dollar collapsed over 1% on Thursday as risk appetite soured and US tech stocks sold off, while strong US jobs data boosted the US Dollar ahead of Friday’s crucial Nonfarm Payrolls report. The AUD/USD trades at 0.6931, after peaking at 0.7024.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that AUD/USD briefly dipped to 0.6954 before rebounding strongly to 0.7022 as risk appetite improved and the US Dollar softened. They see the intraday move as overdone, expecting a 0.6985–0.7025 range, and have shifted to a neutral one-to-three-week stance, looking for consolidation between 0.6970 and 0.7040 after the prior downside break failed.
AUD/USD continues to consolidate above the 0.7000 level on Thursday, trading around 0.7010 at the time of writing, up a modest 0.04% on the day.
The AUD/USD pair attracts some buyers for the second straight day on Thursday as a Democratic sweep in US midterm elections and sliding US bond yields drag the US Dollar (USD) to a fresh low since late September.
AUD/USD extends its gains for the second consecutive day, trading around 0.7010 during Asian hours on Thursday. The pair gained ground as the Australian Dollar (AUD) inched higher following the release of Australia’s latest Trade Balance report.
Australia's Trade Balance widened to A$2,826M MoM in September, followed a surplus of A$495M in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
