Australian Dollar (AUD)

Australia has been riding the recent commodities boom. And if a supercycle does develop, it could be in for some substantial growth. But, there is a particular challenge that they have to overcome in the short term, which might put it…
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AUDCAD holds in a continuous ascending channel since the back end of 2020, hitting yearly highs in the process. After the last downward move to the lower channel in December, prices have propelled and broken out of the upper channel.…
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There isn't a significant expectation of a major change in policy after the RBA's meeting, which concludes tomorrow. However, we still should approach the event - especially the policy statement - with a certain amount of caution. A lot…
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The Aussie dollar is set to have a good week with a barrage of data out of China coming in better than expected. There are two major risk events on the calendar over the next couple of days. However, the consensus is that they won't get…
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Unemployment figures are likely going to be the key to assessing the longer-term impact of the coronavirus lockdowns. While companies can restart operations fairly quickly on a technical basis, the loss of qualified personnel means that…
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Tomorrow is the day a lot of AUD traders have been waiting for; the scheduled meeting of the RBA. Not because we expect the bank to make any significant policy changes, but to see what the expectations of the bank are after all the…
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Tomorrow, we will be getting retail sales data from Australia and the EU. The figures will likely point to an increase in consumer spending. This is as a result of the general public stocking up on food and other basic necessities in…
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Australia hasn't been immune to the wide swings in the market lately, largely due to liquidity fears. Even countries like Australia who have not taken major economy-altering measures to combat the pandemic are seeing significant drops in…
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The current AUDUSD structure hints that a major bearish trend is forming in the market, consisting of primary sub-waves ①-②-③-④-⑤. After the completion of the primary wave ④, the market continued to move down in a new bearish impulse ⑤,…
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So far this year, the AUD has been on the backfoot, retreating compared to most other currencies. There are several reasons, as usual. Some of them are completely unexpected (coronavirus) while others were projected ahead of the last RBA…
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