(VIANEWS) – AUD/USD (AUDUSD) has been up by 1.83% for the last 21 sessions. At 17:06 EST on Thursday, 4 July, AUD/USD (AUDUSD) is $0.67.
Aud/usd sticks to gains above 0.6700, remains close to multi-month top set on Wednesday
This, along with the recent US Dollar (USD) slump, overshadows data showing that Australia’s trade surplus narrowed to A$5.77 billion in May from A$6.54 billion in the previous month and acts as a tailwind for the AUD/USD pair., That said, persistent geopolitical tensions, along with political uncertainty in the US and Europe, might hold back bulls from placing aggressive bets around the AUD/USD pair amid relatively lighter trading volumes on the back of the Independence Day holiday in the US.
AUD/USD’s yearly highs and lows, it’s 7.318% up from its 52-week low and 5.09% down from its 52-week high.
Volatility
AUD/USD’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.22%, a negative 0.02%, and a positive 0.43%, respectively.
AUD/USD’s highest amplitude of average volatility was 0.32% (last week), 0.41% (last month), and 0.43% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, AUD/USD’s Forex is considered to be oversold (<=20).
More news about AUD/USD (AUDUSD).
