AUD/USD Forecast July 4-8
The region around the 1.
Über den AUD/USD
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Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. After a multi-decade commodity boom brought the Australian Dollar to all-time highs against the US Dollar , traders were often attracted by the interest rate differential in the pairing.
Of recent, tides have appeared to change as economic difficulties in China coupled with bear markets in metals and many commodities, have created a more opaque picture of the future of Australia's financial prospects. Event-driven macro and classic technical analysis Average Time Frame of Trades: A few days to a few weeks. E-Mail Please enter valid email. Phone Number Please fill out this field. Country Please Select Please select a country.
Yes No Please fill out this field. For more info on how we might use your data, see our privacy notice and access policy and privacy website. Occasional pullbacks like this will offer a potential buying opportunity and likely to.
The price action suggests investor indecision and impending volatility. On Tuesday, the currency posted a steep loss with the selling fueled by a dovish Reserve Bank of Australia, but mostly by a drop in demand for risk.
The Australian dollar has fallen early during the day on Tuesday, slicing through the 0. However, the US traders look as if they are willing to pick up the Australian dollar at these low levels, so I believe that if we.
The Australian and New Zealand Dollars are trading slightly lower early Wednesday, but threatening to turn higher for the session. Technical factors may be contributing to the early strength as well as safe haven buying.
The longer-term fundamentals are still bearish, however, due to the prolonged move down in terms. Traders are worried about falling property prices, but policymakers continue to see an improving economy led by strong growth and hiring. The RBA left the. The region around the 1. All setups today are with the USD and all of them have a proper sell signal.
They were covered by us many times in the past few days, so you should not be surprised by the current price movements. The currencies were already weaker at the start of the session due to expectations of rising U. The central bank voted again to hold its cash rate unchanged at 1.
The RBA last adjusted rates in August , cutting the. The Australian dollar has gone sideways overall during the session on Monday so far, but it looks as if the 0.
If we were to break down below that level, I think that the 0. Also, the strength in the USD played a role to break the market harder. Increased demand for higher-yielding assets is underpinning the currencies, but higher U. Treasury yields are capping gains by making the. The selling pressure was essentially fueled by the widening of the interest rate differential between U.
Government bonds and Australian Government bonds. Fueling the move in interest rates was the divergence in. With the Fed raising rates for a third time this year and signaling more to come, the spread between U.