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The Australian Dollar fell Monday but is likely to outperform other G10 counterparts in winning back ground previously lost to the its U.S. rival this week, according to analysts at Morgan Stanley, who say the Antipodean unit should "break meaningfully" above a major technical resistance barrier that blocked its way earlier in July.
July 29,2019
GBP/AUD has rebounded since piercing below a major trendline but the downtrend is dominant and expected to continue over the next five days.
July 28,2019
The Australian Dollar fell close to two percent in the week ending Friday but could be set for further declines over the coming days, according to analyst at Commerzbank and Australia & New Zealand Banking Group (ANZ).
July 27,2019
The Australian Dollar retreated further from last week's highs Thursday after comments made by Reserve Bank of Australia (RBA) Governor Philip Lowe were perceived as leaving the Antipodean unit vulnerable to fresh losses in the months ahead.
July 25,2019
The Australian Dollar was on its back foot Wednesday after being repelled from a key technical resistance barrier and as investors bet the Reserve Bank of Australia (RBA) will cut its interest rate again sooner rather than later, but multiple analysts are saying that further losses should be limited.
July 24,2019
The Pound-to-Australian-Dollar rate is set to begin trading around 1.7742 when the market opens after falling back to its January lows in the previous week, although the pair is in a downtrend and the charts are arguing for more losses in the days ahead.
July 21,2019
The Australian Dollar cooled its heels on Friday after running head-on into a "tough" resistance level on the charts and amid a rebound by the U.S. currency, although the Aussie could face a more protracted retreat next week if analysts at Commerzbank as well as Australia & New Zealand Banking Group (ANZ) are right.
July 19,2019
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