AUD/USD faces a “line in the sand” at 0.7033. Despite a hawkish RBA and 0.8% GDP beat, “Operation Epic Fury” safe-haven demand keeps the Aussie Dollar on edge.
AUD/USD rallies on strong GDP but holds below three-year highs
When is the Australian Trade Data and how it could affect AUD/USD?
AUD/USD Price Forecast: Rises towards 0.7080 on overall USD weakness
The Pound to Australian Dollar (GBP/AUD) exchange rate traded in a narrow range on Wednesday morning as Australia's latest GDP figures were overshadowed by wider market jitters. Latest — Exchange Rates:Pound to Australian Dollar (GBP/AUD): 1.88826 (-0.45%)Pound to Dollar (GBP/USD): 1.33528 (+0.01%)Australian Dollar to Dollar (AUD/USD):.
AUD/USD steady amid Middle East war, mixed US data
AUD/USD Price Forecast: Remains below 0.7050, nine-day EMA as bullish bias stabilizes
The AUD/USD pair continued its recent downtrend even as Australia published strong macro data, raising the possibility of a more hawkish RBA. It was trading at the important support level at 0.7000, down from the year-to-date high of 0.7142.
The AUD/USD pair is trading near 0.7011 following geopolitical strikes in Iran and hawkish RBA signals. Key support sits at 0.6986 with resistance at 0.7045.
AUD/USD drops under 0.7000 as US Dollar strengthens amid Middle East war
The Australian dollar to US dollar (AUD/USD) exchange rate hit 3-year highs in February before a limited correction. AUD/USD dipped sharply to lows just below 0.7040 on Monday amid a stronger US currency and slide in risk appetite after the US attacks on Iran.
The AUD/USD pair remained in a narrow range this week as the war in the Middle East. It was trading at 0.7077 on Tuesday, down slightly from the year-to-date high of 0.7147.