Bearish momentum was unleashed for the Aussie dollar on Friday when another strong Nonfarm Payrolls report boosted the odds of another Fed rate hike. A total of 172k jobs were added in May, taking the three-month gain to more than half a million.
Intraday analysis covering AUDUSD , XAUUSD , and USOIL moving higher, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. AUDUSD stuck in consolidation The Australian dollar inches sideways amid the fallout from the oil war.
AUD/USD Price Forecast: Eyes 0.7150 barrier nine-day EMA
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AUD/USD Price Forecast: Flat 20-day EMA indicates sideways trend
AUD/USD Price Forecast: Subdued below 0.7200, close to two-week top after China's PMI
AUDUSD currency pair recently reversed from the support area between the key support level 0.7100 (which has been reversing the price from the end of April), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April.
AUD/USD enters the week on a firmer footing after improving risk sentiment and a weaker US dollar helped lift the Australian dollar across most major currencies. While momentum remains supportive and further gains cannot be ruled out, positioning data and technical signals suggest pullback risks remain.
AUD/USD Price Forecast: Holds above 0.7150; remains confined in two-week-old range
AUD/USD Price Forecast: On verge of Head and Shoulder breakdown
The Australian dollar came under renewed pressure on Wednesday as softer Australian inflation data and a hawkish RBNZ decision combined to weigh heavily on AUD crosses. AUD/USD is showing signs of a deeper ABC-style correction below 71c, while AUD/NZD posted its most bearish session in nine years to strengthen the broader bearish case for the Aussie.