Market Data figures are provided for the trading day.
AUDUSD Forex Chart
After a multi-decade commodity boom brought the Australian Dollar to all-time highs against the US Dollar , traders were often attracted by the interest rate differential in the pairing.
Of recent, tides have appeared to change as economic difficulties in China coupled with bear markets in metals and many commodities, have created a more opaque picture of the future of Australia's financial prospects. E-Mail Please enter valid email. Phone Number Please fill out this field. Country Please Select Please select a country.
Yes No Please fill out this field. For more info on how we might use your data, see our privacy notice and access policy and privacy website. Or, read more articles on DailyFX. Your forecast is headed to your inbox. An error occurred submitting your form. Please try again later. Upcoming Events Economic Event. Forex Economic Calendar A: Click here to dismiss. Market Data figures are provided for the trading day. The last week's flash crash also affected the AUDUSD pair after which the Fed chairman intervened and we saw the market being brought back in order.
With this pair, as we trade above 0. And if we get a pullback and test of support a 0. One of the signals we mostly use is the japanese candlesticks, it gives you a good perspective of the market's sentiment. Fundamentalists are saying that the USD will lose some valuation this year, and this is probably the best signal indicating that. This is a hammer candlestick signal, it indicates the end of a trend, reverse. This signal is too good to As there gonna be recession i would want to sshort any currency and last friday the price came back up but i would still short this as MA is still downtrend and DOW trend it is still going down.
Covering the long position and awaiting re-entry at wholesale. This pair's popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide.