AUD/USD Price Forecast: Rebounds from two-month low to retake 0.6900; bearish bias remains
AUD/USD sinks below 0.6900 as Middle East fears fuel rush into USD
The new Fed Chair elect, Hawkish repricings, Petrodollars, and a general backing away from risky trades built up sudden demand, particularly at a time when Asset Managers were the most bearish on the USD in 14 years – and when the Market is stuck on one side of a trade, it often results in huge reversals.
AUD/USD remains under pressure as geopolitical risks support the US Dollar
US Dollar, AUD/USD and EUR/USD Analysis: The Global Reserve currency holds strong as the Petrodollar correlation returns and sentiment worsens. With WTI Oil rebounding toward the pivotal $95 level and a massive US Marine fleet arriving in the Arabian Sea, market sentiment quickly sours.
AUD/USD's fall from 0.7181 extends lower today and the development should now confirm rejection by 0.7206 key fibonacci resistance. The decline is see as correcting whole up trend from 0.5913.
AUD/USD: Return to 0.71 seen on 3–6 month view – Rabobank
AUDUSD tests critical support The Australian dollar took another step lower as the greenback continued its dominance over the pair. Prices remain limited below 0.7000 as the current trend signals a bearish channel, which has seen the pair slip away from its previous peak.
AUD/USD: RBA weighs stagflation risks – Commerzbank
AUD/USD steadies near 0.6950 as geopolitics drive USD demand
AUD/USD is being dragged lower by a USD surge that isn't being driven by yields or energy, while softer Australian inflation is starting to erode hawkish RBA support that had underpinned the pair.
AUD/USD struggles as inflation data, Oil volatility, and RBA outlook clash