AUD/USD Price Forecast: Posts modest gain to near 0.7100, neutral RSI signals consolidation
AUD/USD Price Forecast: Bullish above the 50-day SMA, eyes on 0.7100
AUD/USD strengthens as job creation offsets unemployment rise, Fed limits upside
The Australian dollar was fairly unchanged on Thursday as energy prices remained elevated amid the Iran war. The AUD/USD pair was trading at 0.7045, down from the year-to-date high of 0.7182 after the Federal Reserve and Reserve Bank of Australia (RBA) interest rate decisions.
AUD/USD Price Forecast: Sticks to gains around mid-0.7000s; 200-EMA on H4 holds the key
The February Australian labour force report is messy once you look beneath the surface, making it difficult to draw a clean signal from the headline moves. There's a risk we're looking at statistical noise rather than a meaningful shift in conditions, something the trend measures support.
AUD/USD slips despite hawkish RBA, steady Fed policy amid geopolitical risks
AUD/USD has once again turned lower after testing a key resistance zone near the 2023 high, reinforcing the importance of this level within the current structure. The pair remains confined within its March opening range, with price action holding just beneath this ceiling despite recent attempts to break higher.
The Reserve Bank of Australia (RBA) increased interest rates by 25 basis points to 4.10% at the latest policy meeting, in line with consensus forecasts. The Australian dollar to US Dollar (AUD/USD) was unable to make headway in immediate response to the decision and traded around 0.7090.
AUD/USD trades higher slightly above 0.7100, Fed's policy remains in focus
The AUD/USD exchange rate continued its recovery amid the ongoing sign of a divergence between the Federal Reserve and the Reserve Bank of Australia (RBA). It rose to 0.7100, up substantially from this week's low of 0.6980.
AUD/USD Price Forecast: More upside likely amid hawkish RBA bets