(VIANEWS) – We continue to have the same sideways behavior for the past few years. The market may continue to focus on short-term issues and be loud if there’s a break out.
DailyForex stated that it was quite surprising that the Australian dollar held up so well. This is mainly because there have been many factors that are pushing risk appetite lower than one would expect. There is potential for moving lower when the Chinese economic data comes out.
AUD/USD (AUDUSD) is currently on bearish momentum. At 18:10 EST on Tuesday, 17 August, AUD/USD (AUDUSD) is at 0.7256, 1.132% down since the last session’s close.
AUD/USD (AUDUSD) Range
Concerning AUD/USD’s daily highs and lows, it’s 0.874% down from its trailing 24 hours low of $0.73 and 1.533% down from its trailing 24 hours high of $0.74.
AUD/USD’s yearly highs and lows, it’s 3.761% up from its 52-week low and 11.598% down from its 52-week high.
Last news about AUD/USD (AUDUSD)
Aud/usd: downside risks continue to prevail for the aussie – ING. According to FXStreet on Monday, 16 August, “Looking ahead, the worrying covid situation in Australia is set to weigh on the AUD/USD pair.”
Aud/usd seen within 0.7310-0.7420 near term – UOB. According to FXStreet on Monday, 16 August, “The rapid rise appears to be running ahead of itself and AUD/USD is unlikely to strengthen much further. ”
Aud/usd slides further below 0.7300 mark, lowest since November 2020. According to FXStreet on Tuesday, 17 August, “The AUD/USD pair lost some additional ground heading into the European session and tumbled to the lowest level since November 2020, around the 0.7280 region in the last hour.”, “Apart from this, Fed Chair Jerome Powell’s speech might provide some impetus to the AUD/USD pair.”
Aud/usd forex signal: extremely bearish below 0.7288 – 17 August 2021. According to DailyForex on Tuesday, 17 August, “The AUD/USD price retreated slightly in early trading after the release of the relatively weak Reserve Bank of Australia (RBA) minutes. “, “The AUD/USD will also react to the latest statement by Jerome Powell, the Fed chair. ”
News about USD/JPY
Usd/jpy attempts recovery above 109.50 after USD u-turn. According to FXStreet on Sunday, 15 August, “The intense selling pressure in the US dollar keeps gains limited for USD/JPY in the initial Asian trading hours. ”
Usd/jpy: 108.72 and 108.20 are key technical supports to look out for – DBS bank. According to FXStreet on Monday, 16 August, “Low momentum readings have USD/JPY consolidating before the key Jackson Hole risk event. ”
Usd/jpy sellers keep reins below 110.00 amid firmer Japan gdp, downbeat treasury yields. According to FXStreet on Monday, 16 August, “In addition to the firmer Japanese growth numbers, the risk-off mood also favor USD/JPY sellers. “, “Looking forward, a light calendar in Asia, except for the China data dump, could keep USD/JPY traders on the search for qualitative catalysts for fresh impulse. ”
According to FXStreet on Monday, 16 August, “The release of latest FOMC minutes is the main event risk for the week ahead with the USD/JPY pair set to test July’s high of 111.66, as reported by MUFG Bank.”, “At the same time, our short-term valuation model estimate based on yield spreads is signalling that USD/JPY has not fully tracked the recent move higher in US rates.”
More news about AUD/USD (AUDUSD).