AUD/USD Bearish Momentum With A 1% Drop In The Last 21 Sessions

(VIANEWS) – AUD/USD (AUDUSD) has been up by 1.57% for the last 21 sessions. At 16:06 EST on Tuesday, 15 October, AUD/USD (AUDUSD) is $0.67.

AUD/USD’s yearly highs and lows, it’s 6.856% up from its 52-week low and 5.499% down from its 52-week high.

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  • According to FXStreet on Monday, 14 October, "The US Dollar (USD), on the other hand, remains firm near a two-month high amid growing acceptance of a less aggressive policy easing by the Federal Reserve (Fed) and turns out to be another factor acting as a tailwind for the USD/JPY pair. ", "This, along with positive oscillators on the daily chart, suggests that the path of least resistance for the USD/JPY pair remains to the upside. "
  • Usd/jpy: trades with a downside bias – DBS. According to FXStreet on Monday, 14 October, "The 2Y and 10Y bond differentials between USTs and JGBs suggest that USD/JPY should be lower around 138-141."
  • Usd/jpy price forecast: hits two-month peak near 150.00. According to FXStreet on Monday, 14 October, "Conversely, if USD/JPY falls beneath the 149.50 mark, this could sponsor a test of the 149.00 mark. ", "The USD/JPY daily chart is neutral to upward biased after clearing key support levels."
  • According to FXStreet on Tuesday, 15 October, "Adding to this, a bullish US Dollar (USD) contributes to limiting the downside for the USD/JPY pair.", "Hence, any meaningful downfall in the USD/JPY pair might be seen as a buying opportunity and is likely to remain limited."

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