AUD/USD got closer to parity after the relatively hawkish rate decision, but made its way back to the previous range. Is it gathering strength for a move upwards? Here’s a quick update on technicals, fundamentals and community trends. AUD to USD dropping to 0.9850 once again. AUD/USD Technicals Asian session: AUD USD rose all the way to 0.9962 but retreated.. Current Range: 0.9850 to 0.9915 Further levels in both directions: Below 0.9850, 0.9724, 0.9660, 0.9540, 0.9460, 0.9366. Above 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03. Overcoming 0.9660 is a bullish sign. AUD/USD Parity in reach but there’s a lot of resistance towards this line, as we’ve seen just now. AUD/USD Fundamentals 3:30 (Tuesday) Australian rate decision. Rate unchanged at 4.75% as expected. Statement focused on the bright side. 15:00 US IBD/TIPP Economic Optimism. Exp. 48.3. Actual 45.8. 00:30 (Wednesday) Australian Home Loans. Exp. +0.1%. AUD/USD Sentiment The RBA’s statement focused on savings instead of the drop in the retail sales and didn’t hint about pausing for a long time. This is a good sign. Rumors about a rate hike in China weigh on the Aussie. The Irish budget vote will have an impact on all currencies, including the Aussie. Currensee Community: 93% are short, 7% are long. 397 open positions in real accounts trading this pair at the moment. The community continues seeing more falls in AUD/USD. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Irish Budget Vote – Approved Bit by Bit Yohay Elam 12 years AUD/USD got closer to parity after the relatively hawkish rate decision, but made its way back to the previous range. Is it gathering strength for a move upwards? Here's a quick update on technicals, fundamentals and community trends. AUD to USD dropping to 0.9850 once again. AUD/USD Technicals Asian session: AUD USD rose all the way to 0.9962 but retreated.. Current Range: 0.9850 to 0.9915 Further levels in both directions: Below 0.9850, 0.9724, 0.9660, 0.9540, 0.9460, 0.9366. Above 0.9915, 1.0000, 1.0080, 1.0180, 1.0220, 1.03. Overcoming 0.9660 is a bullish sign. AUD/USD Parity in reach but there's a lot of resistance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
