(VIANEWS) – Goldman Sachs analysts offer their view on the USD/AUD pair. They say they are still cautious due to China’s growing concerns.

AUD/USD (AUDUSD) is currently on bearish momentum. At 13:06 EST on Tuesday, 30 August, AUD/USD (AUDUSD) is at 0.6856, 0.6897% down since the last session’s close.

AUD/USD (AUDUSD) Range

Concerning AUD/USD’s daily highs and lows, it’s 0.58% down from its trailing 24 hours low of $0.69 and 0.767% down from its trailing 24 hours high of $0.69.

AUD/USD’s yearly highs and lows, it’s 2.589% up from its 52-week low and 10.508% 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 negative 0.11%, a negative 0.13%, and a positive 0.63%, respectively.

AUD/USD’s highest amplitude of average volatility was 0.73% (last week), 0.71% (last month), and 0.63% (last quarter), respectively.

Last news about AUD/USD (AUDUSD)

  • Aud/usd price analysis: bears again attack 0.6850 key support zone. According to FXStreet on Monday, 29 August, “Should the quote crosses the 0.7020 hurdle, the early August high near 0.7050 may test the AUD/USD bulls before highlighting the monthly peak of 0.7136.”, “Overall, AUD/USD bears keep the reins but the quote’s further downside hinges on its ability to conquer the 0.6850 support.”
  • Aud/usd flirts with multi-week low, around mid-0.6800s amid sustained USD buying/risk-off. According to FXStreet on Monday, 29 August, “This, in turn, suggests that the path of least resistance for the AUD/USD pair is to the downside and any meaningful recovery attempt could now be seen as a selling opportunity.”, “The AUD/USD pair witnessessome follow-through selling on Monday and drops to a six-week low during the early part of the European session. “
  • Aud/usd moves back above 0.6900 amid subdued USD demand, lacks bullish conviction. According to FXStreet on Tuesday, 30 August, “That said, subdued US dollar price action helped limit the downside for the AUD/USD pair.”, “The AUD/USD pair, however, might struggles to capitalize on the intraday bounce amid hawkish Fed expectations, which shouldcontinue to act as a tailwind for the greenback in the near term.”
  • Aud/usd price analysis: bears renew six-week low on the way to 0.6800. According to FXStreet on Monday, 29 August, “It’s worth noting, however, that the RSI (14) approaches the oversold territory and may probe the AUD/USD pair’s further downside.”, “Meanwhile, recovery remains elusive until the AUD/USD prices remain below the support-turned-resistance line, close to 0.6900 at the latest.”
  • Aud/usd climbs to mid-0.6900s amid modest USD weakness, risk-on impulse. According to FXStreet on Tuesday, 30 August, “The fundamental backdrop favours the USD bulls and warrants some caution before positioning for any further appreciating move for the AUD/USD pair. “, “Furthermore, hawkish Fed expectations should limit the USD losses and cap the AUD/USD pair.”

News about USD/JPY

  • According to FXStreet on Monday, 29 August, “Safe-haven currencies are little changed against the greenback, with USD/CHF trading at around 0.9680 and USD/JPY at 138.70”
  • Usd/jpy keeps the red below mid-138.00s, downside potential seems limited. According to FXStreet on Tuesday, 30 August, “This, in turn, suggests the path of least resistance for the USD/JPY pair is higher. “, “The USD/JPY pair edges lower on Tuesday and for now, seems to have snapped a two-day winning streak to its highest level since mid-July, around the 139.00 mark touched the previous day. “
  • Usd/jpy price analysis: faces rejection near 139.00 mark, bullish potential intact. According to FXStreet on Monday, 29 August, “The risk-off impulse offers some support to the safe-haven Japanese yen and acts as a headwind for the USD/JPY pair. “, “The USD/JPY pair stalls its intraday positive move near the 139.00 mark and retreats a few pips from the highest level since mid-July touched earlier this Monday. “
  • Usd/jpy to reach 140.00 or higher by early next year – wells fargo. According to FXStreet on Monday, 29 August, “We expect the USD/JPY exchange rate to reach 140.00 or higher by early next year.”
  • Usd/jpy price analysis: rallies to multi-week highs around 139.00. According to FXStreet on Monday, 29 August, “Since the beginning of August, the USD/JPY resumed its upward bias after diving towards fresh two-month lows at 130.39. “, “In the short term, the USD/JPY is neutral-upward biased, but as the RSI entered overbought conditions, the USD/JPY retraced from daily highs, hitting 139.00. “

More news about AUD/USD (AUDUSD).

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