> AUD/USD The Australian dollar is enjoying a cautious Fed as it remains resilient above the key 70 cents level. Overnight the US Federal Reserve decided to not raise interest rates at its January meeting however the markets also saw the signs that it is unlikely to raise in March either. This along with surprising …
AUD/USD Gets A Fed Reprive, Whilst ASX200 Under Pressure Read More »
> AUD/USD The Australian dollar is remaining resilient holding onto 69 US cents as seemingly everything around it is falling sharply. For some time the 69 and 70 US cents levels have been significant and have supported the local currency several times in the last few months. Over the last couple of weeks however the …
AUD/USD Back Above 0.69 Despite Air of Inevitability Read More »
AUD/USD The Australian dollar has fallen sharply overnight as concerns grow over China’s economic outlook. The PBOC setting the currency’s reference rate at a weak level sends a shockwave through markets similar to August 2015 when China devalued their currency last time. The previous support level for the Australian dollar at 72 cents was no …
Thanks to China, AUD/USD Now Eyeing Support at 0.70 Read More »
AUD/USD The Australian dollar hasn’t started the new week well falling sharply to below 72 US cents, however yet again this key level kicked in and provided the A$ ample support. This level has been significant for the last several months and continues to play a role. The question will be how much it can …
