0.711
Today
-0.10%
5 Days
-0.40%
1 Month
-0.83%
6 Months
+1.31%
Year to Date
+6.55%
1 Year
+7.95%
Opening Price
0.712Previous Closing Price
0.712
The downside prevails as long as 0.7134 is resistance, with 0.7089 and 0.7079 as targets
above 0.7134, look for 0.7151 and 0.7160.
The downside prevails as long as 0.7134 is resistance, with 0.7089 and 0.7079 as targets
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see AUD/USD consolidating around 0.7120 after a brief spike to 0.7140. Intraday price action is viewed as part of a 0.7105–0.7135 range.
The Australian Dollar (AUD) trades flat at around 0.7117 against the US Dollar (USD) during the European trading session on Tuesday.
The AUD/USD pair loses ground to near 0.7115 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) as the Federal Reserve (Fed) raised interest rates to 3.75%–4.00% and hinted at further hikes before year-end.
The Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter confirmed the need for further rate hikes this year, to keep inflation in check. This has increased the chances for a rate increase at the September 29 meeting.
The Aussie Dollar holds firm versus the Greenback at the start of the week, hovering near 0.7119 as risk appetite remains positive despite Fed officials turning more hawkish than expected, ahead of the Trump-Xi summit in the US, later this week.
AUD/USD reverses its earlier gains on Monday as a broadly firmer US Dollar (USD) and hawkish Federal Reserve (Fed) expectations cap the upside.
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.