(VIANEWS) – The AUD/USD is still on the sidelines at 0.7220. This Friday’s pullback from Friday’s monthly high in Asia was extended by Monday morning’s early-morning Asian trading.
FXStreet stated that the risk indicator reflects the market’s negative sentiment due to the COVID-19 variation linked to South Africa. This variant, also known as Omicron is a ruin for Christmas celebrations. The escalating geopolitical tensions with Russia and Ukraine add to this bearish bias. Despite the absence of significant data/events, there is a tendency for the markets to be liquidated by an increase in volatility, which includes Australia.
AUD/USD (AUDUSD) is currently on bullish momentum. At 14:08 EST on Monday, 27 December, AUD/USD (AUDUSD) is at 0.7249, 0.5459% up since the last session’s close.
AUD/USD (AUDUSD) Range
Concerning AUD/USD’s daily highs and lows, it’s 0.374% up from its trailing 24 hours low of $0.72 and 0.014% up from its trailing 24 hours high of $0.72.
AUD/USD’s yearly highs and lows, it’s 3.498% up from its 52-week low and 11.684% down from its 52-week high.
AUD/USD’s last week, last month’s, and last quarter’s current intraday variation average was 0.41%, 0.04%, and 0.42%, respectively.
AUD/USD’s highest amplitude of average volatility was 0.46% (last week), 0.48% (last month), and 0.42% (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).
Last news about AUD/USD (AUDUSD)
- Aud/usd hangs near two-day low, just above 0.7200 amid broad-based USD strength. According to FXStreet on Monday, 27 December, “This, in turn, could help limit any further downside for the AUD/USD pair, warranting some caution for aggressive bearish traders. “, “A convincing break below would be seen as a fresh trigger for bearish traders and turn the AUD/USD pair vulnerable to accelerate the slide back towards challenging the 0.7100 round figure. “
- Aud/usd pulled back towards 0.7220s amid thin liquidity conditions on Christmas eve. According to FXStreet on Friday, 24 December, “The AUD/USD slides during the late European trading session, down some 0.33% trading at 0.7224 at the time of writing. “, “The AUD/USD daily chart depicts the pair has a downward bias, as the daily moving averages (DMAs) reside above the spot price. “
- Aud/usd struggles to gain traction, remains below mid-0.7200s amid renewed USD strength. According to FXStreet on Monday, 27 December, “The AUD/USD pair surrendered its modest intraday gains and dropped to a fresh daily low, around the 0.7225-20 region heading into the European session.”, “Apart from this, a goodish pickup in the US dollar demand attracted some selling near the 0.7240 region on Monday and contributed to the AUD/USD pair’s modest downtick.”
- Aud/usd to come under increased pressure as risk backdrop becomes more challenged – credit suisse. According to FXStreet on Monday, 27 December, “A further boost to the USD is also expected if US Real Yields establish bases as we expect, however, this should lead to a broadening of the USD rally as the risk backdrop becomes challenged, with AUD/USD likely to come under growing pressure.”
- Aud/usd trades with modest losses around 0.7230 area, just below one-month high. According to FXStreet on Friday, 24 December, “The short-term fundamental backdrop seems tilted in favour of bullish traders, though the Fed’s hawkish outlook should limit any meaningful USD downfall and cap gains for the AUD/USD pair. “, “This could further act as a tailwind for the AUD/USD pair and help limit any deeper losses. “
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