AUD/USD refers to the Australian Dollar/ US Dollar major currency pair. AUD/USD is one of the most actively traded currency pairs in Forex, with exceptional liquidity and high trading volume....
However, the Australian Dollar, or “Aussie”, as it is nicknamed in the Forex community, is not one of the six foreign currencies in the US Dollar Index, used to establish the value of USD dollar. Much of the popularity of the AUD/USD currency pair is due to the fact that the Australia is rich in natural resources like coal, iron ore, meat and wool. As a result, the AUD/USD is strongly influenced by commodity price shifts. A major trading partner and purchaser of Australian commodities is China, so the Chinese economic climate will have a substantial impact on the currency price. The price of both the Australian Dollar and the US Dollar, can be influenced by the interest differential between the Reserve Bank of Australia and the US Federal Reserve, as changing rates can weaken or strengthen a currency. So, for example, a weaker USD would give AUD/USD a boost. It is also worth noting that AUD/USD, which is quoted in USD, has a negative correlation with USD/JPY, USD/CHF, and USD/CAD.
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The Australian dollar initially fell during trading on Friday but turned around to show signs of hesitation.
The Aussie dollar initially pulled back just a bit during the early hours on Tuesday, but then turned around to rally.
The Aussie dollar bounced a bit during the trading session on Monday, using the 200-Day EMA to show signs of support.
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The Australian dollar has crumbled during the trading session on Friday, as we have seen the US dollar take off to the upside.
The Aussie dollar fell during the trading session on Tuesday as we just continue to chop around and do as much damage as possible to trading accounts around the world.
The Aussie dollar has shown itself to be pretty much nonsensical over the last couple of weeks as we are hanging around the 0.6650 level.
The Aussie dollar has rallied just a bit during the trading session on Monday, as we have seen a significant shot higher in what is probably going to be looked at as thin liquidity
The Australian dollar has initially dipped during Friday trading.
The Aussie dollar has gone back and forth during the course of the trading session on Monday as we continue to suggest that maybe the market's getting a little bit overdone.
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The Australian dollar has been all over the place during the trading session on Thursday, as we initially tried to rally, but then turned around to show signs of negativity.
The Australian dollar shot straight up in the air during the early hours on Wednesday but has given back quite a bit of the gains .
The AUD initially pulled back just a bit during the early hours on Monday, but later on in the day, we have made a somewhat significant attempt to reach the highs again.
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Sign up to get the latest market updates and free signals directly to your inbox.The Aussie dollar pulled back just a bit during the early hours on Friday as we continue to see the overall consolidation area hold.
The Australian dollar has been back and forth during the trading session on Tuesday
The Australian dollar has rallied early during the trading session on Monday, as it looks like we are trying to threaten a major resistance barrier just above.