(VIANEWS) – The USD/AUD pair continued its sideways consolidation price action but remained contained in a tight trading range, at mid-0.7300s going into the European session.
FXStreet stated that so far the pair has not shown any sign of recovery, oscillating within a narrow range for the last week. This could still be considered a bearish consolidation phase, as investors wait for a new catalyst to place any directional bets.
AUD/USD (AUDUSD) is currently on bearish momentum. At 07:08 EST on Wednesday, 28 July, AUD/USD (AUDUSD) is at 0.7344, 2.87% down since the last session’s close.
AUD/USD (AUDUSD) Range
Concerning AUD/USD’s daily highs and lows, it’s 0.191% up from its trailing 30 days low of $0.73 and 3.356% down from its trailing 30 days high of $0.76.
AUD/USD’s yearly highs and lows, it’s 5.019% up from its 52-week low and 10.526% down from its 52-week high.
AUD/USD’s last week, last month’s, and last quarter’s current volatility was a negative 0.23%, a negative 0.08%, and a positive 0.66%, respectively.
AUD/USD’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.51% (last week), 0.56% (last month), and 0.66% (last quarter), respectively.
Last news about AUD/USD (AUDUSD)
Aud/usd struggles for direction, stuck in a range around mid-0.7300s. According to FXStreet on Wednesday, 28 July, “The AUD/USD pair extended its sideways consolidative price action and remained confined in a narrow trading band, around mid-0.7300s heading into the European session.”, “From a technical perspective, the AUD/USD pair’s inability to gain any meaningful traction clearly suggests that the near-term bearish trend might still be far from being over. ”
Aud/usd: bulls and bears jostle below 0.7400, Australia Q2 cpi, fed eyed. According to FXStreet on Wednesday, 28 July, “Furthermore, softer-than-expected prints of US Durable Goods Orders and housing numbers jostle the notable upward revision to the priors, as well as firmer US CB Consumer Confidence to weigh on the sentiment and AUD/USD prices.”, “Moving on, Australia’s Consumer Price Index (CPI) for the second quarter (Q2) expected 0.7% versus 0.6% QoQ and 3.8% versus 1.1% YoY, will be the key for AUD/USD prices for immediate direction. ”
Aud/usd moves back closer to session tops, bulls await a move beyond 0.7400. According to FXStreet on Tuesday, 27 July, “The US dollar struggled to capitalize on its modest intraday gains amid a sharp intraday decline in the US Treasury bond yields and extended some support to the AUD/USD pair.”, “The AUD/USD pair recovered over 40 pips from the daily swing lows and climbed back closer to daily swing highs, around the 0.7375-80 region.”
Aud/usd downside compelling for the days ahead. According to FXStreet on Sunday, 25 July, “At the time of writing, AUD/USD is trading at 0.7363 and between a 6 pip range in early Asia.”, “With risk sentiment volatile, AUD/USD has moved below the 0.7400 level for the first time since late 2020.”
News about USD/JPY
Usd/jpy flits with session lows, 110.00 mark remains in sight. According to FXStreet on Tuesday, 27 July, “Apart from this, developments surrounding the coronavirus saga will drive demand for the safe-haven JPY and allow traders to grab some short-term opportunities around the USD/JPY pair.”, “This, in turn, exerted some downward pressure on the USD/JPY pair for the second consecutive session on Tuesday.”
Usd/jpy slides to fresh session lows, around 110.30-25 region. According to FXStreet on Monday, 26 July, “The USD/JPY pair extended its steady intraday descent through the Asian session on Monday and dropped to fresh daily lows, around the 110.30-25 region in the last hour.”, “The anti-risk flow was reinforced by retreating US Treasury bond yields, which kept the US dollar bulls on the defensive and exerted additional pressure on the USD/JPY pair.”
Usd/jpy is tracking US 10-year yields into support structure. According to FXStreet on Tuesday, 27 July, “At the time of writing, USD/JPY is attempting to stabilise fromthe loss of the session (110.26) at 110.30 although is pressured by US yields swooping lower in Tokyo.”
Usd/jpy price analysis: bulls face stiff resistance near 110.50. According to FXStreet on Monday, 26 July, “On the daily chart, the USD/JPY pair is facing strong resistance near the descending trendline from the high of 111.63.”, “The USD/JPY pair will make the next move towards Friday’s low of 110.08 followed by the 109.85 horizontal support level.”
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