(VIANEWS) – The AUD/USD currency pair posted modest gains on Thursday. However, it remained relatively calm around 0.7400 in the Asian trading hours. On Friday however, there was some bearish pressure before the American session. The pair had fallen 0.3% to 0.7370 at the time of writing.
FXStreet reports that the market sentiment shift has made it more difficult for the AUD, which is struggling to keep up with its competitors. However, this will help the US Dollar Index gain traction. S&P Futures is down 0.6%, while Nasdaq Futures is down 1%. This suggests that Wall Street’s major indexes may open in negative territory. The US Dollar Index is unchanged at 91.85 on Friday after falling to a month low of 91.78.
AUD/USD (AUDUSD) is currently on bearish momentum. At 15:06 EST on Sunday, 1 August, AUD/USD (AUDUSD) is at 0.7337, 0.8144% down since the last session’s close.
AUD/USD (AUDUSD) Range
Concerning AUD/USD’s daily highs and lows, it’s 0.811% down from its trailing 24 hours low of $0.74 and 0.945% down from its trailing 24 hours high of $0.74.
AUD/USD’s yearly highs and lows, it’s 4.919% up from its 52-week low and 10.612% down from its 52-week high.
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).
Last news about AUD/USD (AUDUSD)
Aud/usd holds steady near weekly tops, bulls await a move beyond 0.7400 mark. According to FXStreet on Thursday, 29 July, “That said, concerns about the economic fallout from the fast-spreading Delta variant of the coronavirus acted as a headwind for the Australian dollar and capped gains for the AUD/USD pair. “, “This, along with signs of stability in the equity markets, extended some support to the perceived riskier aussie and pushed the AUD/USD pair higher for the second straight day.”
Aud/usd retreats modestly after rising above 0.7400, eyes on US data. According to FXStreet on Thursday, 29 July, “The AUD/USD pair rose to a 10-day high of 0.7414 during the European trading hours on Thursday before going into a consolidation phase. ”
News about EUR/USD
Eur/usd price analysis: rising bets for a test of 1.1900. According to FXStreet on Thursday, 29 July, “Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2004.”
According to FXStreet on Thursday, 29 July, “The EUR/USD pair largely ignored this report and was last seen gaining 0.27% on a daily basis at 1.1874.”
Eur/usd flirts with 3-week highs near 1.1880 ahead of data. According to FXStreet on Thursday, 29 July, “The recovery in the single currency stays well and sound for yet another session and now lifts EUR/USD to the key resistance area around 1.1880.”, “The recovery in EUR/USD picks up extra pace and challenges the critical 1.1880/90 resistance band, always following the offered bias surrounding the greenback. ”
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