The (AUDUSD) is consolidating for a 3rd straight day near the May and April high. Odds are elevated for the AUDUSD to resume by next week, its bounce off just above the 2023 low.Â
The (AUDUSD) is reversing higher with today’s daily Hammer extending back towards this week’s high. The AUDUSD is once again in the early stages of trying to halt the slide from the 2023 high, with...
Currency markets have multiple drivers of their exchange rates. But crops? For the Aussie Dollar, yes, which leads to a consistent seasonal tendency for its currency appreciation.
The rise of the U.S. dollar in 2022 pushed the Australian dollar lower. However, since late last year, the A$ has been rising against the U.S. dollar. The Australian currency is highly sensitive to commodity...
The (AUDUSD)Â has consolidated roughly a month around downchannel resistance (on the weekly chart), with rising odds for a weekly close by mid January, above the 50% Fib retrace of the slide from the April...
The (AUDUSD) is edging higher as its month plus consolidation around downchannel resistance (on the weekly chart) approaches completion. Regardless of any retest of the consolidation range low next...
The (AUDUSD) is edging higher as its near month long consolidation around downchannel resistance (on the weekly chart) approaches completion. The AUDUSD has all but made a major bottom in October, halting...
The trend is always your best friend in markets. In the commodities asset class, April was a bullish month and a continuation of the trend over the past year. Higher commodity prices are bullish for the...
The price action in the commodities asset class has been the most bullish in years since last March and April when prices fell to bottoms because of the global pandemic. As Australia and Canada are substantial...