The Australian dollar is likely to fall in value in the last few weeks before the US Presidential election, says Baml’s FX and rates strategist.
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The price of iron ore, Australia’s largest commodity export, is showing signs it could be topping which does not bode well for the Australian dollar, which is highly correlated to the commodity.
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The GBP/AUD chart is showing a small potential head and shoulders pattern forming, most clearly visible on the one-hour chart, but also on the four hour.
Read more … →Fundamentals indicate more Australian dollar appreciation but technical are less bearish
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The pound to Australian dollar has recovered following the release of strong employment and retail sales data in the UK, improving the outlook for the British economy despite fears of a Brexit-indu…
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The AUD appears geared towards a period of decline - but the declines won't have the hand of the RBA behind it argues a leading industry analyst.
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Positive demand dynamics for Australian iron ore exports could be one explanation for the AUD’s continued strong performance.
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