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 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.
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.
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The Aussie dollar rallied during the early hours on Friday to show signs of strength as we reached the 0.6650 level.
The Australian dollar initially tried to rally during the trading session on Thursday to break above the 50-Day EMA, only to turn around and show signs of negativity.
The Aussie dollar rallied slightly during the early hours on Wednesday, as we continue to see a lot of noisy behavior.
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The Aussie dollar fell significantly during the course of the trading session on Tuesday.
The Australian dollar has been a very noisy over the last week or so, and it looks like we are going to continue to see this type of noise.
The Aussie dollar rallied significantly during the early hours on Thursday, and it looks like we are going to continue to see a lot of volatility.