The Australian dollar enjoys a “risk-on” sentiment and it has reasons to rise. The pair eyeing high resistance. The relative dovishness expressed by the RBA seems to have been forgotten. Yellen’s relative caution replaced it. The Fed Chair said they are “closely monitoring” inflation. developments despite her optimism and sense that the current weakness is due to temporary factors. The response to Yellen’s comments was somewhat hesitant, but now the Aussie begins taking advantage of it. Australia’s No. 1 trading partner released its trade balance figures. These showed that the world’s No. 2 economy has increased its imports by 17.2% in USD terms, above 14.5% expected. Also, exports are higher than predicted: 11.3% instead of 8.9%. The enhanced economic activity is good news for the world and Australia in particular. More: AUD: Domestic Vs External Drivers: Where To Target? – Barclays AUD/USD on the move Aussie/USD currently trades around 0.7707, just under the recent high of 0.7715 that serves as resistance. The next cap is at 0.7750, the March high. Even higher, 0.7840 is a key level of resistance. Support awaits at 0.7680, followed by 0.7565. Here is the daily AUD/USD chart: 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 GBP/USD recovering on central bank divergence – can it Yohay Elam 6 years The Australian dollar enjoys a "risk-on" sentiment and it has reasons to rise. The pair eyeing high resistance. The relative dovishness expressed by the RBA seems to have been forgotten. Yellen's relative caution replaced it. The Fed Chair said they are "closely monitoring" inflation. developments despite her optimism and sense that the current weakness is due to temporary factors. The response to Yellen's comments was somewhat hesitant, but now the Aussie begins taking advantage of it. Australia's No. 1 trading partner released its trade balance figures. These showed that the world's No. 2 economy has increased its imports by 17.2%… 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.
