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 continues to decline, pressured by China’s slowdown and strong USD, with a potential breakdown below 0.63 signaling further losses.
The Australian Dollar remains weak after the Reserve Bank of Australia strongly hints at further rate cuts in 2025.
AUD/USD rises to 0.6450 ahead of the RBA decision, with short-covering driving momentum amid weak fundamentals and looming U.S. inflation data.
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During my daily analysis of major currency pairs, the AUD/USD pair stands out, because quite frankly it looks so pathetic.
AUD/USD hovers near support, with NFP data poised to determine a rally toward 0.6550 or a decline to 0.6350 amid ongoing US dollar strength.
In my daily analysis of the AUD/USD pair, the first thing that comes to mind is the word “consolidation”.
The Aussie dollar faces consolidation near 0.6450 as USD strength prevails, with key levels and upcoming jobs data shaping short-term moves.
The Australian dollar initially pulled back just a bit during the early hours on Thursday but has turned around to show signs of life
During my daily analysis of the AUD/USD pair, I notice that this market is likely to continue to drop.
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The Aussie dollar had initially gapped higher but then turned around to give back all of those gains to show signs of weakness against the mighty King dollar.
The Australian dollar initially did try to rally during the trading session on Thursday but as you can see, we've seen some problems with momentum, and we've turned around to form a little bit of an inverted hammer.
In my daily analysis of the NZD/USD pair, the market had initially pulled back just a bit only to turn around and show signs of life.
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Sign up to get the latest market updates and free signals directly to your inbox.During my daily analysis of the AUD/USD pair, it’s obvious that the market has seen a lot of negative pressure when it comes to the AUD/USD pair, which of course is a measure of risk appetite, so it all comes together quite nicely.
The Australian dollar continued its strong sell-off, hitting its lowest level since August 5 as the greenback’s resurgence accelerated. The AUD/USD exchange rate tumbled to 0.6450, much lower than the year-to-date high of 0.6942.
The AUD/USD exchange rate continued its strong downtrend as the US dollar index rally gained steam.