AUD/USD clings to gains near 0.6800 as RBA unlikely to cut rates this year
AUD/USD holds gains near 0.6800 as higher-than-expected inflation in Australia keeps hopes alive that the RBA will keep interest rates steady this year. Australia’s monthly consumer price index (CPI) rose 3.5 percent, still above estimates of 3.4 percent but slowing…
AUD/USD below seven-month high, near 0.6800 amid hot Australian CPI data
AUD/USD hits new seven-month highs above 0.6800 after Australia’s consumer price index cools less than expected. The US dollar is recovering as risk appetite deteriorates ahead of the Fed announcement and Nvidia’s earnings report. The daily technical configuration of AUD/USD…
Maintains position at 0.6750 with a short-term uptrend
The AUD/USD price could continue to rise due to a short-term uptrend. A 9-day EMA has crossed above the 50-day EMA, suggesting that price momentum is outpacing the longer-term trend. The pair could explore the region around its seven-month high…
Bulls maintain control near the four-week high and expect a rise above 0.6700
AUD/USD rises for the third day in a row, hitting a new multi-week high on Monday. Bets on a Fed rate cut and the RBA’s hawkish stance continue to support the sharp rise. The technical configuration favors bullish traders and…
AUD/USD holds on to gains at 0.6640 while the US dollar eases on firm bets on a Fed rate cut
AUD/USD holds gains at 0.6640 amid sluggish US dollar. The Fed appears ready to begin cutting interest rates in September. The positive employment trend in Australia is another indication that price pressures may persist. The AUD/USD pair managed to hold…
Bulls flirt with 200-day SMA near 0.6600 ahead of US inflation data release
AUD/USD is supported by a combination of factors but lacks bullish conviction. The RBA’s restrictive stance continues to act as a tailwind given the subdued USD exchange rate development. However, traders are waiting for the important US inflation numbers before…
AUD/USD near multi-week high, bulls expect continued strength beyond 0.6600
AUD/USD is regaining positive momentum and is climbing closer to the multi-week high reached on Friday. The RBA’s hawkish stance and positive risk appetite are proving to be key factors benefiting the Aussie. China’s economic problems could act as a…
