exchange rates 8

The exchange rate is in an established uptrend but it has now met firm resistance overhead from the 200-week moving average (MA) which is capping further gains.

April 3,2018

The Australian Dollar could be owed a rebound in the forthcoming week, according to strategists at Commonwealth Bank of Australia, as month and quarter-end hedging activity among institutional money managers dies away.

March 29,2018

The Australian Dollar has remained on the back foot this week despite a broad rebound in risk assets, but one strategist at Societe Generale says the currency looks like a good buy for speculators at present levels, while other forecasters are suggesting it could rise notably over coming months.

 

March 27,2018

The Australian Dollar is expected to drift lower toward the bottom of its recent range over coming months, according to strategists at Bank of America Merrill Lynch, although developments in the Chinese property market will be key to its direction once past the second quarter.

March 26,2018

exchange rates 1

The Pound-to-Australian Dollar rate is in a steep uptrend which is likely to continue after forming a reliable continuation pattern during the previous week.

March 26,2018

australian dollar 2

The AUD/USD is currently looking vulnerable to long-term weakness both from a fundamental perspective and from a technical perspective.

March 23,2018

The Australian Dollar weakened broadly on Wednesday and lagged its developed world rivals in winning ground from the US Dollar amid a global assault on the US currency.

March 22,2018

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