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When converting Australian dollars (AUD) to US dollars (USD), or USD to AUD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives AUD/USD currency conversion rates.

AUD to USD Overview:The Australian dollar has become the barometer for global growth since the year 2000. Its appreciation against the US dollar is closely linked to commodities market conditions as the emerging markets in Asia develop. Central Bank diversification out of USD now means there is less ongoing support for the USD, as the world’s financial power slowly transfers from the United States.

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Historical Ranges: 1 year 5 years 10 years
AUD/USD .7159 – .7942 .6826 – 1.0161 .6006 – 1.1078

Current Official Cash Rates:
Reserve Bank of Australia (RBA): 1.50%         US Federal Reserve (FED): 2.00% to 2.25%

View AUDUSD chart

The Australian Dollar (AUD) relented to risk adverse trading condition early in the week after comments made by trump dampened risk sentiment with the Aussie easing lower. GDP numbers printed lower than markets were expecting at 0.3% based on predictions of 0.6% showing the Australian economy slowed sharply over the last quarter. The RBA has left the cash rate unchanged as widely expected confirming the rate would remain at 1.50% for some time. Thursday’s ADP US payroll figures came in down on expectations a precursor to tonight’s Non Farm Payroll numbers shifting the pair off the low of 0.7190 to 0.7230 Friday. We suggest further downside momentum in this pair may continue to early November prices of 0.7180 in the coming days.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7231
The interbank range this week has been:AUDUSD 0.7392- 0.7190

View AUDUSD chart

The Australian Dollar (AUD) has extended its recovery from the multi month lows against the greenback over weekend news of a US/China trade truce fuelled risk buyer pressures boosting the Aussie to 0.7395. A retest of resistance of 0.7450 seems within reach over the coming week as risk on sentiment continues. Today’s RBA cash rate announcement will be keenly watched to govern further direction heading into Christmas period. The RBA are expected to leave the cash rate unchanged at 1.50% based on early comments suggesting they would remain low for some time. We suggest the current updraft will continue as long as offshore macro themes don’t disappoint and equity markets bulls continue.
Exchange Rates
Current Level: 0.7354
Resistance: 0.7400
Support: 0.7200
Last week’s Range: 0.7220-0.7393

View AUDUSD chart

The Australian Dollar (AUD) spiked Wednesday on US Dollar (USD) weakness travelling to a two month high of 0.7340. Jerome Powell backed up recent speculation he was going to normalise fed policy soon, 2019 may only bring one hike instead of several as markets were expecting. The US Dollar slumped and risk currencies profited as a result. Current levels in the pair seem fairly lofty, we expect downside momentum to continue especially if equity markets underperform. G20 starts tonight in Argentina and could bring some fireworks in the trade tariff dispute.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7322
The interbank range this week has been:AUDUSD 0.7199- 0.7343

View AUDUSD chart

The Aussie Dollar (AUD) retraced early moves Monday to 0.7285 against the US Dollar (USD) travelling back below the weekly open to 0.7220 Tuesday Lunch. The 0.7070 holds key support in the pair, this being the November low, we see risks skewed to the downside if risk sentiment deteriorates over the coming few days. US Prelim quarterly GDP Thursday holds key market interest prior to the Fed chair Powell speaking Thursday. The G20 meeting in Argentina will be interesting with Trump keen to concentrate on his trade agreement between China and the US, expect fireworks.
Exchange Rates
Current Level: 7221
Resistance: 7330
Support: 0.7160
Last week’s Range: 0.7202-0.7323

View AUDUSD chart

The Australian Dollar (AUD) drifted lower from the open against the US Dollar (USD) to 0.7205 after risk focus has very much been the main driver. RBA November minutes highlighted no surprises, future monetary policy would be governed by economic data and currency movement. US Core Durable Goods printed down on the -2.2% markets were expecting at -4.4%, the biggest decline in factory orders in over a year, showing that US economic momentum is slowing with risks from the fallout with trade tariffs between China and the US. The Aussie fought back to 0.7260 where it seems happy bouncing around this level. USA Thanksgiving holiday has created thin markets with trade volumes down, expect the AUD/USD to meander into the weekly close.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7249
The interbank range this week has been:AUDUSD 0.7202- 0.7334

View AUDUSD chart

The Australian Dollar (AUD) gained 110 points on the US Dollar (USD) last week closing at 0.7330 after a volatile week in currencies. Investors can thank last week’s better than expected Aussie employment data for the rally, otherwise the Aussie would be trading I think somewhere much lower towards 0.7250. Today’s RBA meeting minutes should give the currency a boost with a hawkish bias with a possible retest of 0.7330. US Core durable goods orders and Housing data later in the week is keenly anticipated after recent Fed rhetoric suggesting a no hike in the US cash rate on December 20th.
Exchange Rates
Current Level: 0.7296
Resistance: 0.7330
Support: 0.7270
Last Week’s Range: 0.7164-0.7337

View AUDUSD chart

The Australian Dollar, US Dollar cross (AUDUSD) touched a low this week of 0.7170 giving back last week’s gains but was soon back on buyer radars after market risk improved. Rallying back through the weekly open of 0.7220 the Aussie received further momentum after Aussie employment data published. The Unemployment rate dipped to 5.00% from 5.10% and the number of fresh people entering the workforce in October was up 12,800 at 32,000 from the expected number of 20,000. The Aussie has dined out around 0.7280 over the last 24 hours just off last week’s high of 0.7300. Next week RBA monetary policy minutes will be key.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7283
The interbank range this week has been:AUDUSD 0.9164- 0.7298

View AUDUSD chart

Late last week’s bearish mood in the Australian Dollar (AUD), US Dollar (USD) pair continued through to Mondays open and into Tuesday with risk investments such as equities and the Aussie Dollar taking a bath. The cross has deteriorated down to 0.7170 giving back all of last week’s gains with pivotal support of 0.7150 close. With a fair chunk of economic data to publish this week in both currencies as well as geopolitical risks associated with Italy budget issues and Brexit we could see further selling of Aussie Dollars. Key data of interest is US monthly CPI and Australian Unemployment with US Retail Sales Friday.
Exchange Rates
Current Level: 0.7170
Resistance: 0.7300
support: 0.7150
Last Week’s Range: 0.7170-0.7300

View AUDUSD chart

The RBA (Reserve Bank of Australia) left the benchmark rate unchanged Tuesday at 1.50% with economic growth forecasts revised up for the remainder of 2018 and 2019. The Aussie, US Dollar (AUD/USD) pair rallied through lasts week’s resistance of 0.7260 to reach a two month high of 0.7300 post US election results amid a “risk on” mood. The Federal Reserve this morning confirmed their cash rate unchanged at 2.25% remaining hawkish through to 2019 with further rate hikes still in the long term program. We suspect that next week’s sentiment could be different after markets have digested the full extend of the election results and how this flows through to long term US policy with regards to the ongoing trade war with China for example. Next week’s focus will be on US monthly Inflation, Aussie unemployment and US Retail Sales Friday.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7257
The interbank range this week has been:AUDUSD 0.7183 – 0.7300

View AUDUSD chart

The Australian Dollar (AUD) looks to be in the mood to continue last week’s bull rally and extend gains made mid to late week against the US Dollar. Last week’s Non-Farm Payroll release took the pair off the high of 0.7250 back to 0.7180 on USD strength after figures surprised to the upside. Ending the week Australian Retail Sales printed slightly down on expectations creating a short sell off in the Aussie. Price this week looks retest last week’s high, this will be largely based on today’s RBA Cash Rate announcement. If the Central Bank are dovish with future monetary policy as we expect due to recent data the Aussie will be pressured. Later in the week we also have the federal Reserve cash rate and statement with no change this time around from the 2.25%
Exchange Rates
Current Level: 0.7216
Resistance: 0.7250
Support: 0.7180
Last Week’s Range: 0.7063-0.7259

View AUDUSD chart

The Australian Dollar (AUD), USD Dollar (USD) pair bounced around the pivot price of 0.7080 most of the week as markets tried to determine direction. Aussie Trade Balance figures released Thursday sent buyers into a buying frenzy for the Aussie Dollar. The Figure released at a whopping 3.02 Billion surplus much higher than the 1.71 Billion markets were expecting sending the Aussie breaking its current range bound week. US Non -Farm Payroll numbers will publish tomorrow morning and should represent stable if not better than expected job numbers based on earlier week ADP figures of 227,000.  Today’s Retail Sales figures and next week’s RBA statement will also be key to the pair maintaining the current lofty 2 October levels and not declining back into the long term bearish trend channel earlier this year from 0.7130. We back the Aussie improving in the short term but NFP could spell an end the short weekly rally.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7207
The interbank range this week has been:AUDUSD 0.7022- 0.7213

View AUDUSD chart

The Australian Dollar (AUD) pushed higher on the weekly open to 0.7110 in a continuation of Friday’s small rally from the low of 0.7020 against the US Dollar (USD). US Equity indices were down over 5% last week dragging the Aussie down from 0.7130 levels. This week we have a number of US company earnings results to publish, Apple and Coca Cola a couple of the bigger ones which could affect price action in the cross detrimentally. Non-Farm Payroll is expected to show an increase of 191,000 to the workforce Friday along with Australian Retail Sales. Buyers of the greenback should have taken advantage of levels around 0.7100 with expectations we may see levels slip through 0.7000 in the coming days if stock markets dive.
Exchange Rates
Current Level: 0.7071
Resistance: 0.7110
Support: 0.7020
Last Week’s Range: 0.7022-0.7108

View AUDUSD chart

The Australian Dollar (AUD) has drifted lower over the week from the open of 0.7120 versus the US Dollar (USD) to 0.7070 in largely a risk off mood. US equity markets have dragged risk associated products lower with the DOW and S&P dropping below 2018 lows. US Core Durable Goods data released down at 0.1% lower than the 0.5% markets were expecting showing signs that capital expenditure has been halted somewhat amid global trade tariff concerns. Next week sees a slew of Data on the docket including Non-Farm Payroll and Aussie CPI and Retail Sales to consider. As the Aussie has held above key support of 0.7040 and 0.7000 next week will be a huge test, if we see a continuation of the bearish channel which has held since December 2017, the cross could be retesting 0.6830 December 2016 levels soon. Buyers of USD should consider current levels above 0.7000.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7070
The interbank range this week has been:AUDUSD 0.7056 – 0.7150

View AUDUSD chart

The Australian dollar (AUD) has tried hard to make gains against the United States dollar (USD) this week, but it’s largely failed, and now looks a little vulnerable. Even a big decline in the Australian unemployment rate, released yesterday at 5.0%, has failed to provide any significant support to the currency and it currently trades near the low of the week just under 0.7100. It may well be that the AUD is suffering from further political uncertainty with a key by-election to be held this weekend. The government currently holds the seat, but polling suggests there is a 60% chance they could lose it, and with only a one seat majority in the House it would make life extremely difficult for them. If that does in fact happen, then the recent AUDUSD lows around 0.7040 could well be tested in the early stages of next week.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7090
The interbank range this week has been:AUDUSD 0.7091 – 0.7159

View AUDUSD chart

We have seen the Australian Dollar (AUD) trade up this week, a continuation of last week’s momentum against the US Dollar (USD), to a high of 0.7150. Markets are still choppy signifying nervous conditions with equities closing lower overnight. US Retail Sales released down at 0.1% from the 0.7% expected boosting the cross currencies. All eyes are on Aussie employment figures to release Thursday and should reflect a buoyant labour market with 15,200 jobs expected to be added. Long term downside still exists for the Aussie from the high in January 2018 of 0.8120 with markets wary of further equity fallout.
Exchange Rates
Current level: 0.7136
Resistance: 0.7150
Support: 0.7100
Last Week’s Range: 0.7045 – 0.7147

View AUDUSD chart

The Australian Dollar (AUD) bounced off its early 2016 lows of 0.7040 this week against the US Dollar (USD) as data out of the US was softer than expected. US CPI missed its mark at 0.1% compared to 0.2% markets were expecting. This confirms inflationary pressure remain subdued but it should not defer the Fed from raising rates one more time this year. Equity markets are all down considerably this week as the 10 year US treasury bond hits record highs spooking markets. The greenback has been sold off across the board. Rising household debt levels and falling house prices will continue to weigh on the Aussie well into next year with recent construction figures confirming the recent boom is coming to an end. Buyers of USD should continue to buy on spikes such as the one we are seeing now, Friday we are buying US Dollars around 0.7100. Solid support at 0.7000 should hold for a while but pressures are still to the downside.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7122
The interbank range this week has been:AUDUSD 0.7043- 0.7130

View AUDUSD chart

The Australian Dollar (AUD) has declined to another multi month low of 0.7040, these are levels last seen in February 2016 against the US Dollar (USD). The pair was trading above 0.7200 at the start of last week showing a considerable decline stemmed by the RBA minutes on Tuesday. Rising household debt levels and falling house prices will continue to weigh on the Aussie well into next year with recent construction figures confirming the recent boom is coming to an end. Solid US Jobs data and a combination of Fed speak and surging Treasury yields have created a deterioration in risk sentiment and heavy buying interest in US Dollars. US Producer Index releases Thursday and should be positive in line with recent records.
Exchange Rates
Current Level: 0.7078
Resistance: 0.7200
Support: 0.7040
Last Week’s range: 0.7043-0.7235

View AUDUSD chart

The Australian dollar extended losses overnight following on from a bad couple of days which has seen the AUD/USD drop from 0.7235 to 0.7065, mainly on the back of a resurgent greenback. Not helping the AUD is the continuing elevation of the China/US trade war which appears to be depressing China trades and its proxy the AUD…Now at 0.7075 against the USD. The AUD should hold around current levels as we head into tonight’s US Non-farm payroll data…although looking oversold, risks are still skewed to the downside for the AUD and we look for a test of 0.7050 immediate support into next week.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7081
The interbank range this week has been:AUDUSD 0.7066- 0.7241

View AUDUSD chart

Aussie holiday Monday has seen light trading conditions the Australian Dollar (AUD) not moving far from its open of 0.7220 against the US Dollar (USD). Today’s RBA announcement shouldn’t offer up any surprises to markets with the cash rate expected to remain at 1.50% and comments confirming forecasted growth of just above 3.0% over 2018  and 2019. US trade talks with China remain elevated with headlines having the ability to shift market sentiment investors remain cautious. We expect the bearish trendline from late September to continue with price action to go below 0.7200 in the short term. Buyers of USD should have already considered levels above 0.7200 being the smart move.
Exchange Rates
Current Level: 0.7728
Resistance: 0.730
Support:0.7200
Last Week’s Range: 0.7202 – 0.7307

View AUDUSD chart

The Australian Dollar (AUD) drifted around the 0.7250 area earlier in the week against the US Dollar (USD) prior to the Fed rate announcement. The US Federal Reserve raised rates to 2.25% from 2.00% confirming recent policy forecasts with a further possible 0.25% this year and three more to come in 2019. The Aussie traded to 0.7300 before dropping back to 0.7250 early Thursday and continued to decline into Friday on mixed US data results. US GDP was unchanged at 4.2% y/y for the second quarter, however core CPI clicked up to 2.1% from 2.0% previously. The labour market is still showing strong numbers with initial jobless claims at 214k. Trade tensions will weigh on market sentiment towards the weekly close and into next week’s RBA cash rate announcement. Unfortunately, the bearish channel from above 0.8000 is still holding, with further declines expected. Buyers of USD should buy on spikes above 0.7200 over the following few days, with 0.7080’s low expected to be tested next week.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7213
The interbank range this week has been:AUDUSD 0.7202 – 0.7307

View AUDUSD chart

The Australian dollar (AUD) has opened the week softer against the USD dropping back from the 0.7300 level to currently trade at 0.7256. The trade tensions have not helped risk currencies like the AUD however we expect trading to stay in a holding pattern around current levels ahead of the Fed release on Thursday. Better fundamentals should help the AUD in the medium term, but a break of 0.7250 would target 0.7190 support..
Exchange Rates
Current Level: 0.7256
Resistance: 0.7330
Support: 0.7225
Last Week’s Range: 0.7160-0.7300

View AUDUSD chart

Good week for the AUD as it climbed back from lows around 0.7140 at the beginning of the week to a high of 0.7291 overnight as the USD took a hit on the increased interest in risk trades and better base metal prices were AUD supportive. The AUD is currently testing key downtrend resistance which we believe will prove tough to overcome. Especially in light of next week’s Fed meeting outcome which may blunt further AUD strength.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7284
The interbank range this week has been:AUDUSD 0.7142 – 0.7294

View AUDUSD chart

The Australian Dollar (AUD) found strength early in the week back trading above 0.7200 against the US Dollar (USD) but soon lost ground. President Trump has announced further tariffs of 200 Billion at 10% on Chinese imported products spooking markets once again dampening risk moods, the Aussie dropping to 0.7150 on the news. RBA Minutes of the August meeting prints later today along with several US second tier local data later in the week. Trade headlines will certainly continue to drive price action over the rest of the week with China to retaliate with some degree over the next few days you would expect. Topside will be limited with a possible retest of the low of 0.7080 by weeks end possible.
Exchange Rates
Current Level: 0.7169
Resistance: 0.7230
Support: 0.7140
Last Week’s range: 0.7086 – 0.7229

View AUDUSD chart

Employment numbers took the Australian Dollar off the February 2016 low of 0.7080 Thursday when statistics showed an increase in the number of employed people rose to 44,000 from 16,500 markets were expecting. Even 16,500 would have been a good result, the Aussie travelling higher against the US Dollar (USD) to 0.7230. US Core CPI figures published at 0.2% down on the 0.3% investors were hoping for assisting the jump in the Aussie. US Jobless claims then took the pair off its high lower after numbers release at 204,000. This is the lowest level since December 1969 when figures were 202,000. Next month’s Non-Farm Payroll should represent good results highlighting the booming US economy. The pair is still trading in a bearish channel from the high of 0.8130 in January this year. Buyers of USD should consider this week’s spike north as we predict with further risk averse sentiment entering the market we should see a lower Aussie Dollar.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7184
The interbank range this week has been:AUDUSD 0.7086- 0.7229

View AUDUSD chart

After a choppy week in currency markets, the Australian Dollar (AUD) closed down 70 points from 0.7180 against the US Dollar (USD). Midday Tuesday we are around 0.7100 levels with the Aussie being squeezed lower from the weekly open. US Non Farm payroll figures Friday were higher than markets were expecting at 201,000 bringing back buyers of USD to currency markets, the Aussie the biggest loser on the day. This week we have a bunch of economic data to publish including US Core quarterly CPI, Aussie employment followed by US Retail Sales. Markets are largely factoring in a week of positive US releases with a lot more risk averse sentiment to come based on Trump’s trade discussions with Canada and China. With markets hanging off further headlines direction is damn hard to pick. Life will get interesting for the Aussie if it retests 0.7000 levels not seen in the pair since February 2016
Exchange Rates
Current Level: 0.7100
Resistance: 0.7320
Support: 0.7000
Last Week’s Range: 0.7099-0.7235

View AUDUSD chart

The Australian dollar (AUD) has had a choppy week of trading vs the United States dollar (USD), but overall it’s gone nowhere. The current level of 0.7195 is close to where the pair opened the week, although we have had a decent range of just under 100 points between now and then. There is still time for a more significant move to develop however, especially in light of tonight’s key US employment report. The longer-term trend, in place since early 2018, has been to the downside and at this stage we see no indication that the trend is ending. It would take a move above resistance around 0.7325 to bring that long-term downtrend into question. Until then, we continue to look for broad based AUDUSD weakness.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7199
The interbank range this week has been:AUDUSD 0.7150- 0.7265

View AUDUSD chart

The past week has been a tough one for the Australian dollar having seen consistent pressure and even briefly trading below key technical support around 0.7200 for a time. Yesterday’s release of softer than forecast retails sales numbers saw the AUDUSD make a low of 0.7169, before a small recovery back above 0.7200 eventuated. Although the AUD continues to look vulnerable, price action yesterday may suggest the market is a little short (sold) and I wouldn’t rule out a squeeze higher this afternoon if the RBA maintains a largely unchanged rate statement in the wake of their meeting. Once the RBA meeting is out of the way the market will still have plenty to focus on over the course of the week with the highlights being Australian GDP and Trade Balance and US employment data.
Exchange Rates
Current Level: 0.7207
Resistance: 0.7360
Support: 0.7200
Last Week’s Range: 0.7169 – 0.7362

View AUDUSD chart

In a series of lower lows the Australian Dollar (AUD) has battled all week against the US Dollar (USD) posting a low of 0.7240 where it currently sits midday Friday. Poor economic data has kept the Aussie offered (sold), fighting off the three week low of 0.7200 Friday. Equity markets and commodities are all lower over the last 24 hours as markets nervously await a result from negotiations with US and Canadian officials regarding a trade deal to replace NAFTA. The bearish channel from the high of 0.8100 in December 2017 suggests further downside is expected, the next significant level is 0.7150 of December 2016. Next week’s RBA Cash Rate announcement will be watched with interest to gauge further direction. The current rate of 1.50% is expected to remain unchanged.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7260
The interbank range this week has been:AUDUSD 0.7238 – 0.7362

View AUDUSD chart

The AUD has rebounded well from last week’s political induced slump to 0.7236, opening the week around the 0.7350 level …increased risk sentiment overnight, along with stronger equity markets have added to the AUD appeal but political jitters remain …a push to the immediate resistance level 0.7360 over the next day or so is likely if the USD remains soft , but a regain of the 0.7400 handle looks to hard ahead of any concrete data …next week’s raft of US economic releases may prove pivotal for AUD direction.
Exchange Rates
Current level:
Resistance: 0.7380
Support: 0.7240
Lsat Week’s Range: 0.7238 – 0.7381

View AUDUSD chart

The Australian Dollar (AUD) has been the weakest performing currency this week not just against the US Dollar (USD) but across the board as the currency has been sold off due to political uncertainties which have developed with the countries leadership. Malcolm Turnbull has been fending off leadership challenges all week starting with Peter Dutton and also Robertson and Bishop. These situations always bring about confusion in markets with the Aussie depreciating back to 0.7240 a weekly low. If things don’t improve from a political view and with risk sentiment the Australian Dollar could be facing a break below key support at 0.7200 seen last week. Through here and we are back to September 2016 levels all the way to 0.7150. Fed Minutes will be read at the Jackson Hole Symposium and should offer up plenty of debate sparking fresh volatility.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7246
The interbank range this week has been:AUDUSD 0.7240 – 0.7381

View AUDUSD chart

The Australian Dollar (AUD) saw a continuation of last week’s momentum well supported through 0.7320 against the US Dollar (USD) Tuesday. It’s understood that Peter Dutton has lost his bid for the Liberal leadership in a vote Tuesday. He has resigned and will park up on the backbench where he will make another challenge for the leadership at later stages. The RBA rounds off the minutes from the August meeting with a positive view expected for the Australian economy. Federal Reserve minutes are also on the calendar later in the week which will add volatility to currencies prior to the Jackson Hole Symposium Friday. Trump trade talks with China will resume later this week so be aware of further carnage and risk shifts. Stern resistance will be met around the 0.7460 area if the AUD considers another retest of this level. Further replacements to the downside are likely to continue if a break through 0.7460 doesn’t eventuate
Exchange Rates
Current Level: 0.7348
Resistance: 0.7450
Support: 0.7200
Lsat Week’s Range: 0.7203 – 0.7354

View AUDUSD chart

The Australian Dollar (AUD) recovered off its low of 0.7195 Thursday against the greenback (USD) grafting to 0.7250 Friday lunch. US Retail Sales improved releasing at 0.5% well above the 0.1% expected along with unemployment data Thursday showing the official rate shifted lower off 5.4% to 5.3% surprising markets. The US Dollar index continues to battle higher – now 96.66 as a reflection of market sentiment and the continued buying interest of the US Dollar. Risk averse sentiment has assisted to devalue the Aussie Dollar but Friday has seen a reversal with US Building permits coming in lower. The Fed will speak next week around financial condition, along with the Economic Symposium in Jackson Hole both should create added volatility later in the week.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7272
The interbank range this week has been:AUDUSD 0.7203- 0.7375

View AUDUSD chart

The Australian Dollar (AUD) continues to follow the bearish trend line from the top of 0.8120 from early Feb against the US Dollar (USD). Risk averse conditions have seen a fall in risk currencies such as the Aussie with the cross falling away sharply to 0.7270. Its lowest level since January 2017. The risk sensitive AUD has struggled to find buyers in a risk off environment, however in the last few hours it has consolidated at 0.7260 finding support. The US Dollar (USD) continues to gather pace after briefly touching 96.50 on the US Dollar index. A ream of data is due at the end of the week which could send the pair travelling lower if US Building Permits and Retail Sales prints down, Aussie employment data will also be key, but price direction could be at the compromise of risk perception.

Exchange Rates
Current Level: 0.7277
Resistance: 0.7500
Support: 0.7250
Last Week’s Range: 0.5680 – 0.5785

View AUDUSD chart

The Australian Dollar pushed through to 0.7450 during early week trading against the US Dollar (USD) but was soon under pressure as investors supported the greenback. The RBA cash rate was unchanged at 1.50% Tuesday for the second year running, the only comments of note were a cautious tone with regards to housing and wage growth looking forward. Our comments made in Tuesday’s commentary were bang on with the pair falling to 0.7370 Friday. US quarterly CPI releases later today and should offer plenty of volatility. Buyers of US Dollars should have bought earlier in the week around 0.7400 but mid 0.73’s still represents attractive buying considering future prospects with further declines expected.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7373
The interbank range this week has been:AUDUSD 0.7349 – 0.7453

View AUDUSD chart

The Australian Dollar (AUD) recouped losses from the low of 0.7340 climbing back to 0.7410 during late Friday’s trading. Closing around 0.7400 for the week represents a good result given the volatility we have seen this week, with the pair finishing bang on the weekly open price. Monday’s Aussie Bank holiday has seen the cross drift lower to 0.7370, in a market which has been quiet the AUD has underperformed. Perhaps an insight of things to come with the RBA cash rate and statement to release later today. Investors are expecting a dovish slant to rhetoric. Data over the rest of the week will be light for the pair with US Core Consumer Price Index printing Friday. We expect the Aussie to go lower as the week progresses retesting 0.7370

Exchange Rates
Current Level: 0.7388
Resistance: 0.7490
Support: 0.7315
Last Week’s Range: 0.7349 – 0.7440

View AUDUSD chart

Early prospects look good for the Australian Dollar (AUD) reaching a high of 0.7440 early in the week against the US Dollar (USD) This is where it ended the Aussie retracing back below the weekly open of 0.7400 falling all the way to 0.7350. US Consumer Confidence saw a rise in sentiment – with no slow down in sight expected the data will keep households optimistic. An early look at US Non-Farm Payroll (ADP) printed at 219k also boosting the USD. The Federal Reserve left their cash rate on hold as expected at 2.00% and reflected on a more upbeat economy since the June meeting hinting at the possibility of another two hikes this year if further data proves solid. President Trump is considering raising the proposed trade tariffs on 200B worth of Chinese products to 25% from 10%, this sent nervous waves through markets with risk currencies coming off large. Tuesday we have RBA announcement, the cash rate is widely expected to remain unchanged at 1.50%. Late in the week is monthly Consumer Price Index (CPI) which is expected to print around 0.2%

Exchange Rates

The current interbank midrate is:AUDUSD 0.7364
The interbank range this week has been:AUDUSD 0.7356- 0.7440

View AUDUSD chart

The Australian Dollar (AUD) has not moved more than 30 points from the weekly open versus the US Dollar (USD). Midday Tuesday it looks to be making a move lower after bouncing off resistance of 0.7410. This week holds key market moving releases with the Fed and Non-Farm payroll at the top of the que. Volatility has been predominantly absent from currency markets this week, the quiet before the storm, as investors hold a wait and see approach. The Fed rate statement has the potential to shift markets wildly if Fed chair Powell is overly aggressive with any aspects of monetary policy. Sellers of Aussie Dollars should look at current levels with downside likely to continue back lower through 0.7370.

Exchange Rates
Current Level: 0.7407
Resistance: 0.7460
Support:  0.7370
Last Week’s Range: 0.7360 – 0.7463

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The Australian Dollar (AUD) climbed to 0.7460, a two-week high, against the US Dollar (USD) after the markets sought risk products, equities and commodities all traded higher. President Trump met with EU’s Juncker and cemented what looked to be a positive outing with both men looking to sort potential trade disagreements swiftly. Juncker said there was no way he wanted to engage in unfavourable trade discussions with the President – we are yet to see if this amicable meeting will transpire to zero tariffs which is what Trump wants. Thursday saw the Aussie retrace lower to 0.7370 a whole 1 cent move based on worse than expected quarterly Aussie CPI with risk averse sentiment taking hold. Next week holds a significant docket of economic announcements including the Federal Funds Rate which is expected to remain on hold at 2.00% this time around, ending with Non-Farm Payroll figures Friday. Expect plenty of volatility.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7382
The interbank range this week has been:AUDUSD 0.7319 – 0.7463

View AUDUSD chart

The Australian Dollar (AUD) travelled to a high last week of 0.7430 closing the week at 0.7410 against the US Dollar (USD). The pair continues to trade between a tight range of 0.7320 and 0.7450 since mid June. Initial employment data gave the Aussie a massive boost after figures showed wage growth was positive, exactly what the RBA were looking for as a trigger for higher inflation and rates. Monday’s open has seen investors duck for cover after President Trump attacked the Iranian President on twitter. This spooked markets with the Aussie losing over 60 points over the following hours. This week’s highlight will be AUD CPI data which prints tomorrow and should give us a further direction prior to US GDP Friday. Depending on risk sentiment we expect the Aussie to squeeze higher back through 0.7400 especially if CPI prints well.

Exchange Rates

Current Level: 0.7382

Resistance: 0.7440

Support: 0.7310

Last Week’s Range:  0.7319 – 0.7437

View AUDUSD chart

The Australian dollar (AUD) made the weeks high and low in one yesterday after the big surprise in June employment data trading a 0.7321-0.7440 range for the day. It is now back at 0.7365 and with the 0.7400 support level broken and metal commodity prices under pressure, look for the AUD to test support at the 0.7330 level which if broken would run to 0.7300, upside resistance initially at 0.7410 unlikely to be seen again this week.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7347
The interbank range this week has been:AUDUSD 0.7323 – 0.7442

View AUDUSD chart

The AUD continues to trade around the 0.7415 level as it hangs onto levels above immediate support at 0.7400. The mixed China data has not helped the Australian dollar (AUD) and any uptick in USD strength will likely test 0.7400. The softer commodity market and risk around the RBA minutes today point to a break of this level and a move towards 0.7370. The upside looks limited in this climate.

Exchange Rates
Current Level: 0.7410
Resistance: 0.7530
Support: 0.7400
Last Week’s Range: 0.7361 – 0.7483

View AUDUSD chart

Choppy week for the Australian dollar, trading in a 120 odd point range, after a high of 0.7482 is now knocking at the door of the key the AUD/USD 0.7400 key support level after slumping through the mid-week on the back of rising trade tensions between the US and China….Chinese trade data later this afternoon has potential to set the tone for next week, but a break over the 0.7440/50 is required for the AUD to shrug of the bearish tone and advance higher. On the downside, any push through 0.7400 would initially target 0.7370.

Exchange Rates
The current interbank midrate is:AUDUSD 0.7410
The interbank range this week has been:AUDUSD 0.7361- 0.7483

View AUDUSD chart

With USD bulls taking a breather and risk-on trend continuing, the AUD has enjoyed a high of 0.7483 overnight, its highest since June 14th, underpinned by a recovery in base metals and broad dollar’s weakness….The AUD has drifted back to the 0.7472 level ahead of today’s NAB Confidence survey and Chinese inflation data….upside is favoured in the short term with 0.7490 immediate resistance.

Exchange Rates
Current Level: 0.7479
Resistance: 0.7530
Support: 0.7400
Last Week’s Range: 0.7316 – 0.7483

View AUDUSD chart

Further declines were expected Monday in the Australian Dollar (AUD), US Dollar (USD) cross which is how it eventuated as the Aussie travelled lower to 0.7310 after better than expected US ISM Manufacturing figures and weaker than predicted Australian Building Approvals boosted the greenback. The RBA’s cash rate remained unchanged at 1.50% with the statement largely benign with no surprises. The next level of significance is 0.7450 but we suspect this short spike to be temporary. Buyers of USD should dial in at these levels before further weakness and risk off markets resume.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7389
The interbank range this week has been:AUDUSD 0.7316 – 0.7422

View AUDUSD chart

The Australian Dollar (AUD) closed the week around 0.7400 levels against the US Dollar (USD) rebounding off 0.7330 earlier in the week. Further declines were expected Monday which is how it eventuated as the Aussie travelled back to 0.7310 after better than expected US ISM Manufacturing figures and weaker than predicted Australian Building Approvals boosted the US Dollar (USD). The RBA’s cash rate remained unchanged at 1.50% with the statement largely benign. Retail Sales published up on the expected 0.3% coming in at 0.4% sending the Aussie back above 0.7410. Interestingly Trade Balance printed at 0.83B down on markets anticipated forecast of 1.21B but had little adverse effect on the Australian Dollar. 0.7450 the next significant level but we suspect this short spike is only temporary. Buyers of USD should look at this spike.

Exchange Rates
Current Level: 0.7401
Resistance: 0.7440
Support: 0.7300
Last Week’s Range: 0.7316 – 0.7422

View AUDUSD chart

The Australian Dollar (AUD) extended its four week decline versus the US Dollar (USD) in predominantly a risk averse market with the pair trading down to 0.7340 Friday.  Donald Trump added more twists and turns in the ongoing trade war, with investors purchasing the greenback across the board while risk currencies such as the Aussie were rejected. With no significant data to publish for the Australian economy over the week we have relied on US Core Durable goods and quarterly GDP to gauge momentum. Core durable good printed better than the expected -0.9% to -0.6% while Gross Domestic Product came in slightly down at 2.00% from the 2.2% markets were expecting. This was seen as a fair representation of economic growth based on year on year figures and only momentarily had a negative impact on the US Dollar. Currently the cross is trading at the low of January 2017 which is acting as reasonable support, past this point if we see further downside in the Australian Dollar (AUD) we may get a look at 0.7150 in the short to medium term the low of December 2016. Buyers of USD should unfortunately consider current levels based on expectation of further AUD falls.

Exchange Rates
The current interbank midrate is:AUDUSD 0.7366
The interbank range this week has been:AUDUSD 0.7329- 0.7442

View AUDUSD chart

The Australian Dollar (AUD) broke crucial support last week of 0.7410 against the US Dollar (USD) trading down to 0.7340 with investors selling risk products. The Aussie regained losses reversing back above 0.7440 on Friday to close the week around this level. With President Trump in the papers again around the ongoing disputes on trade tariffs we have seen currencies weaken off again with a lack of risk sentiment. This week is a very quiet for the Aussie Dollar, investors will look to US based data publications with Core Durable Goods and quarterly GDP for direction. If the risk off market continues over the next few days as expected and US data prints well we could see a retest of the low of 0.7340 broken – the next level of support is the low of November 2016 at 0.7150 Even though buying USD hurts at the moment with the currency depreciating so much we suggest these levels could look fairly good in a couple of weeks.

Exchange Rates
Current Level: 0.7415
Resistance: 0.7480
Support: 0.7340
Last Week’s range: 0.7346 – 0.7442

View AUDUSD chart

The Australian Dollar (AUD) has found support at 0.7350 against the US Dollar (USD) as markets took a breather from trade tensions. Broad based market optimism seems to have been brought about by one man in the Bank of England who voted yes to a BoE hike last night. The GBP and EUR rallied and the flow on effect saw the Australian Dollar and New Zealand Dollar higher as well. Sentiment can be a wonderful thing. We still expect prices to taper off for the Aussie Dollar especially as risk averse investors return to markets and sell the Aussie which shouldn’t be too far away. That being said unfortunately for buyers of US Dollars (USD) we see further falls on the horizon. The level of 0.7150 of late 2016 does not look that far away when we see that this year alone the pair has slid from 0.8100 which represents over 700 points or over 9%

Exchange Rates

The current interbank midrate is:AUDUSD 0.7385
The interbank range this week has been:AUDUSD 0.7346 – 0.7480

View AUDUSD chart

The Australian Dollar (AUD) has declined over 200 points over the last 5 days against the buoyant US Dollar (USD) in a market which has been largely risk averse. Trade tensions has reared its ugly head again with President Trump signalling further tariffs against Chinese imported products and China have retaliated slamming tariffs on American made products. We will hear more about this at the end of the week but for now these issues are occupying most of the headlines. The Aussie is now trading at a 13-month low against the greenback and is widely expected to drift lower in the coming days. Today’s RBA minutes will reflect further direction along with US Building Permits to release tonight. US Unemployment claims is published Friday with 220,000 people expected to be added to the US unemployment cue. Downside momentum in the pair is forecast in the medium term with a possible retest of 0.7150

Exchange Rates

Current Level: 0.7420
Resistance: 0.7470
Support: 0.7400
Last Week’s Range: 0.7396 – 0.7624

View AUDUSD chart

It’s been struggle street for the Australian Dollar (AUD) this week declining against the more favoured US Dollar (USD) to 0.7460 in volatile markets. US Retail Sales and Unemployment claims both printed better than markets were expecting at 0.8% versus 0.4% and 218k over 223k boosting the US Dollar across the board. FOMC as expected raised their cash rate to 2.00% from 1.75% and hinted at a possible two further hikes in 2018. Risk in the markets also took a hit with the ECB (European Central Bank) surprising markets with dovish comments instead of the upbeat rhetoric we were expecting. This dropped the EUR to fresh lows and dampened any appetite for investors to take on risk. With the Aussie hovering around 14 month lows support is seen at 0.7320.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7462
The interbank range this week has been:AUDUSD 0.7454- 0.7624

View AUDUSD chart

The Australian Dollar (AUD) is slightly higher on the open trading at 0.7610 against the US Dollar (USD). We saw a flurry of movement Monday during the European and NY trading sessions but since the currency markets have ground to a halt. Later today Kim Jong-un and Donald Trump meet in Singapore, the world will hang off comments, results and future prospects of a possible denuclearization of North Korea and a truce end to the Korean War which has been going since 1953. It’s widely expected the Federal Reserve will raise rates on Thursday morning with the talking point being if they will raise the stakes and talk of a 4th hike in 2018. The fear is that if they raise rates to fast this could raise the risk of the economy falling back into a recession. If inflation goes higher the Federal Reserve might look to tighten up credit at the detriment of rising growth- a fine line they will be extremely wary of. The Aussie looks to be could go higher, risk appetite will determine this.

Exchange Rates
Current Level: 0.7584
Resistance: 0.7670
Support: 0.7550
Last Week’s Range: 0.7562 – 0.7676

View AUDUSD chart

The Australian Dollar (AUD) has made further advances on the US Dollar (USD) pushing to 0.7670. Rallying off the back of a hawkish RBA statement suggesting further growth and lower unemployment. Rates were kept unchanged as markets were expecting at 1.50%. Later quarterly Gross Domestic Product also posted positive news highlighting an economy accelerating faster than expected with figures of 1% instead of the predicted 0.9%. The bearish channel from the high of 0.8130 has been broken with gains made post 0.7600 momentum now lies to the upside with the cross looking to retest the 0.7800 resistance handle. Next week RBA Governor Lowe speaks about “Prosperity, Wages and Productivity” prior to crucial employment figures releasing. The Federal Reserve will announce their cash rate which is largely expected to be hike to 2.00%, certainly this is what markets have already prices into currencies.

Exchange Rates
The current interbank midrate is:AUDUSD 0.7620
The interbank range this week has been:AUDUSD 0.7522 – 0.7676

View AUDUSD chart

The Australian Dollar (AUD) closed the week around 0.7560 against the US Dollar. Non-Farm Payroll printed higher than expected at 223k boosting the currency off the low of 0.7515 as investors in the market started taking on risk products. Australian Retail sales printed slightly higher Monday to 0.4% from 0.3% but it was the quarterly Company Profits which surprised markets coming in at healthy 5.9% after figures from the previous two quarters have been benign. The Aussie Dollar rallied to 0.7650, a monthly high, ahead of the today’s RBA cash rate announcement and monetary statement. The pair looks to be poised for a further push higher, as we mentioned last week we have surpassed the break above 0.7600 with a possible retest of 0.7800 the high of 11 April 2018 not far away. Watch for today’s monetary policy statement for further movement upside.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7642
The interbank range this week has been:AUDUSD 0.7478 – 0.7666

View AUDUSD chart

Risk currencies were back in favour midweek after geopolitical issues in Italy and Spain eased. The Australian Dollar (AUD) regained its edge over the US Dollar (USD) pushing off the two-week low of 0.7480 to retrace back above the key level of 0.7500 to 0.7560, this being the top of the current range band held through May. US ADP Non-Farm Employment a precursor to the Non-Farm Payroll release tonight was down on predictions to 178k based on 191k expected assisting in the AUD recovery. If the Aussie receives further support we may see a break above 0.7600 and a return to 0.7800. Certainly, with prospects on a US rate hike on June 14 now a 50/50 chance of not going ahead we could see the Aussie rally.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7564
The interbank range this week has been:AUDUSD 0.7478 – 0.7593

View AUDUSD chart

After three weeks of strength for the Australian Dollar (AUD) versus the greenback, momentum looks to have come to an end with the pair dropping below support of 0.7530. Near term support is now seen at 0.7480 as the cross trades below the 40 days moving average. A slow start to the week with US Memorial Day taking place saw thin volume. The iron ore price remains stable for now trading around 63.00 per tonne with Australia producers remaining calm on the understanding that China is sorting its steel oversupply problem and the demand for steel stays strong. If sentiment spreads for weakening demand the Australian Dollar (AUD) could take on water and retest 0.7400. Watch for volatility later in the week when US Non-Farm Payroll publishes.

Exchange Rates

Current Level: 0.7526

Resistance: 0.7610

Support: 0.7500

Last Week’s Range: 0.7516 – 0.7605

View AUDUSD chart

The Australian Dollar (AUD) reached a four week high earlier in the week against the US Dollar (USD) to 0.7600, but with risk departing the table investors exited the Aussie dropping it to 0.7520 in volatile trading. The RBA governor Lowe spoke midweek highlighting debt issues with the Chinese economy and how they could impact the Australian economy long term – Australian resources into China make up a large portion of their exports hence the valid concerns. The only problem is the Australian Media need to be a little more careful around how they portray these issues as they have upset several Chinese officials. Although the Australian Dollar (AUD) has come off the 0.7410 a couple of weeks back we still see downward momentum continuing in the current bearish channel. We could see a retest of 0.7410 over the following few weeks.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7567
The interbank range this week has been:AUDUSD 0.7489 – 0.7605

View AUDUSD chart

The Australian Dollar (AUD) broke past 0.7550 resistance early this week against the favorable US Dollar (USD), making a fresh May high. Risk returned to markets on the weekly open after trade talks between the world’s two biggest countries China and the US were halted. US Treasury Secretary Steven Mnuchin said the US trade war with China is “on hold”. As long as President Trump stays out of the media for a few more days we might see further risk develop. Equities and Crude Oil are both trading higher as markets await comments tomorrow from Fed governor Dudley and later Fed chair Powell. Price movement past 0.7600 could be limited, buyers of USD should look seriously at current levels of 0.7580

Exchange Rates

Current Level: 0.7580

Resistance: 0.7780

Support: 0.7480

Last Week’s Range: 0.7448 – 0.7591

View AUDUSD chart

The Australian Dollar (AUD) rallied off the low of 0.7450 midweek against the US Dollar (USD) after US retail sales printed worse than expected and risk appetite returned to the markets.  Australian Wage price Index was slightly below expectations at 0.5% from 0.6% suggesting similar levels over the last 6 quarters with again no real wage price growth, this will be starting to worry the RBA who need these figures to be better to assist with lifting inflationary pressures. The Aussie unemployment rate is up slightly from 5.5% to 5.6% with the economy adding 22,600 jobs in April up on the 19,800 expected. Only construction figures data prints next week for the Australians with all eyes being on the OPEC (Organisation for Petroleum Exporting Countries) as they discuss Oil matters and energy markets. Currently trading around the 0.7500 handle this area has developed as a pivot point from the high of the current range of 0.7550 and the low of 0.7420. We expect more of the same next week.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7505

The interbank range this week has been:AUDUSD 0.7448- 0.7566

View AUDUSD chart

The Australian Dollar (AUD) rallied from the midweek low of 0.7415 against the US Dollar (USD) to close the week around 0.7540 levels. Chinese economic activity has been encouraging along with a positive Australian Budget and RBA monetary policy statement both helped buyers back into the Aussie to current levels. Economists are expecting wage price index to lift by 0.6% for the first quarter of 2018 which will push annual growth to 2.2% from 2.1% in the last quarter of 2017. We need to see the pair trading above 0.7650 to swing the downward momentum into a rally trend, recent support for the Aussie suggests this is very possible with a retest back to late April levels of 0.7800 possible in the short term.

Exchange Rates

Current Level:  0.7525

Resistance: 0.7560

Support: 0.7430

Last Week’s Range: 0.7414-0.7566

View AUDUSD chart

The Australian Dollar (AUD) was sold off against the greenback (USD) Wednesday after Retail Sales took the pair to a fresh 12 month low of 0.7415, a rate not seen since May 2017. The Australian Budget retraced the Aussie higher after with the Australian Government promised tax cuts and a forecasted surplus of 2.2B in 2020, the first since the global financial crisis. Risk appetite came back to the market when President Trump formally exited from the Iran deal calming markets- saying he would advise Iran not to start their nuclear program, “if they do there will be very severe consequences” The AUD has tracked back above 0.7500 and looks to make a push for 0.7550. Buyers of the US Dollar (USD) should consider this spike from the low as the Aussie could continue its bearish move lower in the coming weeks.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7531

The interbank range this week has been:AUDUSD 0.7414- 0.7560

View AUDUSD chart

The Australian Dollar (AUD) has again extended its decline against the greenback (USD) for the third straight week, and into this week, travelling to key support of 0.7500. With buyers lapping up the US Dollar of late even though Aussie data has been positive. NAB business confidence was solid with mining and finance sectors continuing to strengthen boosting the Australian economy. A real tussle could develop with this cross now as retail sales has printed down on expectation at 0.0% compared to 0.2% expected, if the AUD goes below 0.7500 it could retest 0.7475 and below. The pair sits at the crossroad waiting for its next signal.

Exchange Rates

Current Level:  0.7503

Resistance: 0.7577

Support: 0.7470

Last Week’s Range: 0.7474- 0.7560

View AUDUSD chart

The Australian Dollar (AUD) has extended its decline for the 3rd straight week down to 0.7595 against the surging US Dollar (USD). As a matter of fact, if we look back at the high from 31st January 2018 of 0.8130 we quickly note that the AUD has declined 11 weeks from the last 14. The RBA offered no real boost for the Aussie after leaving their benchmark rate at 1.5% and acknowledging that employment growth has slowed but they still expect unemployment to dip gradually lower. Trade Balance and Building approvals printed well up on expectation coming in at 1.53B based on a 0.68M assumption. This temporarily boosted the AUD pushing it up to 0.7515 Thursday. US Non-farm Payroll Saturday could put added pressure on the Australian Dollar (AUD) with figures expecting to be favourable, a fall below recent support of 0.7500 through to 0.7330 could be the next stop for the struggling cross.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7545

The interbank range this week has been:AUDUSD 0.7474- 0.7583

View AUDUSD chart

The Australian Dollar (AUD) retreats to fresh lows against an in favour US Dollar (USD). The pair started the week at 0.7700 and closed 130 points down at 0.7570. Equities and commodity markets were all generally lower along with stronger than expected US data numbers made it difficult for the Aussie to find any buyer support above 0.7570. This week further weakness in the AUDUSD has seen it punch lower to 0.7520. Non-farm Payroll figures may contribute to further AUD weakness with strong support at 0.7500 looking like a possible retest. Look for possible swings around todays RBA announcement but we suspect downward momentum to continue.

Exchange Rates

Current Level: 0.7535

Resistance:0.7700

Support:0.7500

Last Week’s Range: 0.7525 – 0.7620

View AUDUSD chart

The Australian dollar continued to weaken for the sixth day in a row, dropping overnight to a low of 0.7545 against the US unit. It is currently back around the 0.7550 level but with the recent trend of the firmer USD we look for support at 0.7500 to be tested heading out into next week, a break of which would target 0.7470. Also, not helping the AUD are weaker commodity prices limiting any topside moves over the short term to the 0.7580 level.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7555

The interbank range this week has been:AUDUSD 0.7548 – 0.7728

View AUDUSD chart

The Australian dollar (AUD) suffered at the end of last week, driven lower by a resurgent United States dollar (USD). Disappointing Australian employment change data on Thursday didn’t help, but the move was really more about USD strength, than Australian dollar weakness. In the past 12 hours further USD gains have driven the AUD down below a key support zone. That zone was between 0.7620 and 0.7650, and the brake below there is a bearish signal. We now expect further downside price action over the coming days and weeks. The initial target is 0.7500, but this move has potential do go much lower than that. Key to very near-term price action will be today’s release of Australia CPI. As long as the AUDUSD now stays below 0.7650, our view will remain bearish.

Exchange Rates

Current Level: 0.7604

Resistance: 0.7650

Support:0.7500

Last Week’s Range: 0.7600 – 0.7812

View AUDUSD chart

The Australian Dollar (AUD) has been heavily sold off against the US Dollar (USD) topping out at 0.7810 it has plummeted to a weekly low of 0.7720 where is currently sits. Equity markets have all traded lower as a risk averse market gripped the Aussie. Australian unemployment data printed down on expectations giving the free falling AUD little to cheer about with markets already selling risk currencies. Next week’s inflation figures are set to be a key driver. Buyers of USD should note that prices above 0.7750 represent good buying in current market volatility.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7246

The interbank range this week has been:AUDUSD 0.7707- 0.7812

View AUDUSD chart

The Australian Dollar (AUD) broke 0.7800 briefly Friday before slipping lower to 0.7765 where it closed the week. Equities are back in positive territory this week after losing ground last week as investors buy back risk. Trading back around the 0.7780 level we see a possible retest to 0.7800 then 0.7900 if risk sentiment continues this week. The RBA have today reiterate the next move in rates will likely be up reflecting an improvement in the Australian Economy. The last cash rate rise was 7 years ago. This is a pivotal announcement and a significant gauge on the health of the economy. Consumer confidence is released later today with the index falling over the last 3 weeks to its lowest level since mid-December underpinned by rising trade tensions between China and the US. Buyers of US Dollar (USD) may be getting excited with a rise back towards 0.8000, don’t get to greedy and consider current levels, remember last week we were buying the Dollar at 0.7650 in comparison.

Exchange Rates

Current Level: 0.7770

Resistance:0.7915

Support:0.7640

Last Week’s Range:0.7721 – 0.7810

View AUDUSD chart

The Australian Dollar continues to trade in wide swings against its main rivals, it’s been one of worst performing currencies for some time, but has remained largely in a sideways band of between 0.7620 and 0.7720 against the US Dollar (USD). Coming off its lows Monday with markets buying safe haven assets the Aussie reached a low of 0.7620 before reversing on positive international US –China discussions. Equities have soured giving the Aussie an extra boost rallying back up to 0.7710 and beyond with both the DOW and Nasdaq up more than 0.2%. As risk markets continue we should see the Aussie return to 0.7750 once trade discrepancies are resolved.

Exchange Rates

Current Level: 0.7730

Resistance:0.7750

Support:0.7640

Last Week’s Range:0.7653 – 0.7738

View AUDUSD chart

The Australian Dollar continues to trade in wide swings against its main rivals, it’s been one of worst performing currencies for some time, but has remained largely in a sideways band of between 0.7620 and 0.7720 against the US Dollar (USD). Coming off its lows Monday with markets buying safe haven assets the Aussie reached a low of 0.7620 before reversing on positive international US –China discussions. Equities have soured giving the Aussie an extra boost rallying back up to 0.7710 and beyond with both the DOW and Nasdaq up more than 0.2%. As risk markets continue we should see the Aussie return to 0.7750 once trade discrepancies are resolved.

Exchange Rates

Current Level: 0.7730

Resistance:0.7750

Support:0.7640

Last Week’s Range:0.7653 – 0.7738

View AUDUSD chart

The Australian Dollar (AUD) has had a rollercoaster ride this week against the US Dollar (USD). Equities were all lower initially dragging the Aussie significantly lower to 0.7655 before risk returned to the markets pushing equities and commodities back into positive territory and the AUD to 0.7725. The RBA seemed dovish with Governor Lowe Tuesday, suggesting any hikes would be well into 2019 with soft GDP and wage growth down along with higher unemployment. Trade talks continue to dominate news bulletins with blow for blow media reports being reported. Non-Farm Payroll should offer support for the Aussie Dollar (AUD) Friday as figures should be positive going off recent economic US data. Buyers of USD should watch for support at 0.7640 the previous low, it the pair breaks through here its thin air to 0.7500.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7685

The interbank range this week has been:AUDUSD 0.7651- 0.7726

View AUDUSD chart

The Australian Dollar (AUD) reversed its early rise to 0.7760 falling back to 0.7640 after Trump rattled markets with further trade talks between China and the US not going well. Risk markets soon tuned to risk aversion and the Australian Dollar (AUD) has been under pressure since. Opening this week lower it is currently testing support at 0.7640 with threats of breaking below this level down to 0.7500, the December 2017 low. The US and China are edging closer to a full on trade war after the Chinese put a 25% tariff on 128 US goods including wine, fruit and nuts. President Trump is expected to elaborate later in the week on the tariffs on 60 Billion worth of annual imported Chinese goods he announced on March 22. Markets seen to be hanging off all related news. Today we have RBA cash rate which will be unchanged at 1.5% and later in the week US Non-Farm Payroll. All aboard the best ride in the park.

Exchange Rates

Current Level: 0.7680

Resistance: 0.7750

Support: 0.7640

Last Week’s Range: 0.7644 – 0.7743

View AUDUSD chart

The Australian Dollar (AUD) has lifted versus the US Dollar (USD) coming off the weekly close price of 0.7695 it has risen to 0.7750 in risk on markets. Trade negotiations between China and the US look to have taken a turn for the positive with negotiations about to start, markets saw this as an enormous relief. Sources say the demand for Australian produced Iron Ore has decreased, shipping less to China with numbers being the weakest since February 2016. We expect the Australian Dollar to drift lower once a risk averse market resumes with immediate downside risk at 0.7720 and then 0.7670 with the long-term range being 0.7500. Buyers should consider buying on spikes as we see today.

Exchange Rates

Current Level: 0.7745

Resistance: 0.7900

Support: 0.7670

Last Week’s Range: 0.7673 – 0.7782

View AUDUSD chart

As predicted the Federal Reserve increased its cash rate to 1.75% from 1.5%. The Australian Dollar (AUD) came off its low of 0.7670 against the greenback during the announcement on US Dollar weakness. The Fed’s Powell remaining neutral in his speech on monetary policy but hinted of a hawkish stance ahead saying they would aggressively hike rates as they needed to through to 2020 . Technically ahead we see minor support at 0.7690 and possible weakness through to 0.7650 all the way to 0.7500 the December 2017 support. Next week will be a very light week for Aussie (AUD) data releases, offshore news will dictate movement.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7706

The interbank range this week has been:AUDUSD 0.7673 – 0.7804

View AUDUSD chart

The Australian Dollar (AUD) has posted further loses over the past few days having seen a fresh near-term high Wednesday of 0.7920 against the greenback. It has fallen to a low of 0.7700 this week, this is a yearly low from 19 December as the Aussie remains under pressure. US Building Permits and Industrial Production printed worse than expected but given the US political uneasiness and risk off markets this dragged the Aussie to fresh lows. The US Federal Reserve Cash Rate is announced Thursday along with the much awaited monetary statement which should give us clues as to whether the fed will raise 3 time this year of 4. Either way the Australian Dollar (AUD) continues to battle, with further downside towards 0.7500 -7th December support more likely.

Exchange Rates

Current Level: 0.7715

Resistance: 0.7920

Support: 0.7530

Last Week’s Range: 0.7687 – 0.7917

View AUDUSD chart

The Australian Dollar (AUD) posted a new March high of 0.7920 Wednesday against the greenback but pulled back to 0.7780 on weaker equities and commodities along with risk aversion in the markets. The Aussie (AUD) is still trading at its low as the markets digest Friday’s speech by the assistant Governor Debelle, he spoke about topics of risk and return in low interest bearing markets. Next week should bring about a little more action in the pair with monetary policy minutes Mondayand Employment figures out Thursday. Buyers of the AUD should watch further falls with the 2018 low of 0.7710  coming into play with the  current stint of bearish momentum.

Exchange Rates

The current interbank midrate is: AUDUSD 0.7780

The interbank range this week has been: AUDUSD 0.7777- 0.7914

View AUDUSD chart

The Australian Dollar (AUD) is sharply higher against the US Dollar (USD) climbing back to 0.7850 at the weekly close after it rallied hard from 0.7800 earlier when Non-Farm Payroll figures printed better than expectation. Trump tariff negotiations played a part as well with risk back at the table. Equities also traded higher on the day the DOW and NASDAQ over 1%. This week the Australian Dollar eyes 0.8000 again but may meet resistance at 0.7880 if Today’s NAB business confidence doesn’t offer further momentum.

Exchange Rates

Current Level: 0.7885

Resistance: 0.7930

Support:0.7830

Last Week’s Range:0.7757 – 0.7884

 

View AUDUSD chart

The Australian Dollar (AUD) slipped to a low of 0.7710 against the greenback midweek after Lowe spoke. Dr Lowe signalled that weak manufacturing is likely to weigh on the recovery of the Australian economy. The decline of the Australian economies overall share in manufacturing will account for a lower portion of the Gross Domestic Product (GDP), economists are expecting growth of 0.6 to 2.5% over the following year. Thursday’s Trade Balance came in at 1.06B after 0.21B was expected, inching the Aussie Dollar (AUD) back to 0.7835 against the US Dollar (USD) passing the weekly open as its eyes prior resistance of 0.7900.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7790

The interbank range this week has been:AUDUSD 0.7730- 0.7841

 

View AUDUSD chart

The Australian Dollar opened Monday in a positive mood against the US Dollar pushing aside last week’s dismal effort to trade back at 0.7770. The underachieving Aussie Dollar may come under attack again tomorrow when the RBA make their cash rate announcement. Technically the pair has dropped below the support line of 0.7800, being the 50% retracement of the previous rally from 0.7500 to 0.8110. This makes it extra vulnerable to slip further, the near term October support of 0.7700 is not too far away and could be tested.

Exchange Rates

Current Level: 0.7790

Resistance: 0.7820

Support:0.7720

Last Week’s Range:0.7714 – 0.7898

View AUDUSD chart

The Australian Dollar (AUD) holds its ground after further declines against the US Dollar (USD). Starting the week around 0.7830 it has remained offered (sold) by investors as they viewed value in other currencies. Equities took another slide late in the week with the DOW and the Nasdaq both down over 1.2% after Trump introduced tariffs on steel and aluminum. The Aussie (AUD) has stabalised around the 0.7740 area after Trump’s comments shook the markets. Buyers of AUD should consider levels north of 0.7700 with important economic publication next week such as RBA cash rate, Retail Sales and GDP to come out. RBA is not expected to raise rates past the current 1.50% at this stage.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7760

The interbank range this week has been:AUDUSD 0.7714- 0.7890

View AUDUSD chart

The Australian Dollar (AUD) closed the week after a late surge back to 0.7830 RBA Minutes suggested slow progress to the economy with a general wait and see approach. This week has limited data – new Home Sales will provide some local direction amid a busy US based economic data to publish.  As the greenback (USD) gains momentum I would consider buying USD at current levels.

Exchange Rates

Current level: 0.7860
Resistance:0.7900
Support:0.7810
Last Week’s Range:0.7791 – 0.7934

View AUDUSD chart

The Australian Dollar (AUD) has been the weakest trading currency of the G10 group underperforming against the United States Dollar (USD)Thursday showed further weakness in the AUD dropping to 0.7795 as it traded through key support of 0.7800, it hovers perilously close to 0.7750 the low of early February. Australian RBA Monetary Minutes Tuesday indicated a slow “no hurry” approach to hiking rates and said they will be gradual with wage growth as “soft” as it is. However, they made no mistake in reporting the Australian picture remains solid. Buyers of USD should consider at current levels as the greenback gains momentum.
 Exchange Rates
The current interbank midrate is:AUDUSD 0.7845
The interbank range this week has been:AUDUSD 0.7791- 0.7988

View AUDUSD chart

The Australian Dollar remained supported throughout last week closing just shy of 1 cent (90 points) higher against the US Dollar during heavy volume trading to close at 0.7900. At one point trading just shy of the magical 0.8000 number AUD reversed sharply to 0.7920 Friday coming off its high after US Building Permit figures were substantially better than expectation. Australian Unemployment figures were bang on expectations of 5.5% but offered no real boost for the AUD. RBA Monetary Minutes are released Tuesday expect further support in the Australian Dollar long term.

Exchange Rates

Current Level: 0.7909
Resistance: 0.7980
Support: 0.7860
Last Week’s Range: 0.7777 – 0.7988

View AUDUSD chart

The Australian dollar (AUD) has outperformed against the US Dollar (USD) over the course of the week in a market which has been seen the US Dollar depreciate based on terrible Retail Sales figures midweek.  Levels above 0.7700 have historically been attractive for buyers of the greenback, just shy of the magical resistance level of 0.8000, buying here is likely a good option. With the Aussie Dollar well supported after unemployment numbers Thursday were positive we may see a break back towards 0.8000 in the coming days if the US remains out of tune. Australian Monetary Policy Minutes Monday should offer key support.
 Exchange Rates
The current interbank midrate is:AUDUSD 0.7942
The interbank range this week has been:AUDUSD 0.7759- 0.7965

View AUDUSD chart

The Australian dollar (AUD) continued to stay on the back foot last week trading to a low Friday of 0.7760 against the United States dollar (USD). The Australian dollar has bounced off the 50% retracement level 0.7510 low – 0.8116 high this week looking in a hurry to get back to 0.8000, Thursday’s AUD unemployment figures should show further direction.
Exchange Rates
Current Level:0.7854
Support:0.7810
Resistance: 0.7900
Last Week’s range: 0.7759 – 0.7909

View AUDUSD chart

The Australian Dollar (AUD) has been hit hard this week coming off its high of 0.8140 of late last week, to trade down at 0.7780 where it trades now. It has slid through the recent support level of 0.7800 and continues to look well offered heading into next week.
Exchange Rates
The current interbank midrate is:AUDUSD 0.7785
The interbank range this week has been:AUDUSD 0.7777 – 0.8044

View AUDUSD chart

The Australian dollar (AUD) was knocked below the critical support of 0.8000 vs the USD after Friday’s better than expected US jobs report. Now at 0.7900 the AUD/USD pair looks soft, although it has come a long way already. Next support level is at 0.7890 then 0.7860 and unless the RBA surprises tomorrow, the stronger USD may well see the AUD test the lower level. Little danger of upside being tested in the current climate.

Exchange Rates

AUDUSD
Current Level: 0.7918
Support: 0.7860
Resistance: 0.8000
Last Week’s Range: 0.7891 – 0.8116

View AUDUSD chart

The Australian dollar (AUD) was up at a 0.8115 high against the USD yesterday before the disappointing CPI data knocked the AUD to a 5 day low of 0.8034. AUD/USD partly recovered back to around 0.8070 and currently is trading at 0.8052 as better US data kept the pressure on the AUD. China PMI data this afternoon has potential to change AUD values. The 0.8000 support remains critical to prevent a slide to 0.7965 with immediate resistance at 0.8070 then 0.8100. Next weeks RBA rate decision and accompanying statement should help with further interest rate forward predictions.

Exchange Rates

The current interbank midrate is:AUDUSD 0.8052
The interbank range this week has been:AUDUSD 0.8006 – 0.8136

View AUDUSD chart

After a 3 year high at 0.8134 last week the Australian dollar (AUD) opens back at the 0.8090 level on this cross. Tomorrows Aussie CPI data may give some upward momentum back to the 0.8100 level if the CPI figure is back above the 2% y-o-y, but US data will be dominant this week. We expect consolidation at current levels until later in the week.

Exchange Rates

Current Level: 0.8094
Support: 0.7965
Resistance: 0.8127
Last Week’s Range: 0.7958 – 0.8136

View AUDUSD chart

The Australian dollar (AUD) spiked higher to 0.8118 on this cross lifted by the ECB meeting when Draghi did little to talk down the value of the euro which led to further slides in the US dollar. However, after Trump’s comments on a stronger USD this morning, the AUD fell back to 0.8010, it has now ground back to the 0.8030 region but a hold above the 0.8000 level is crucial to avoid further declines ahead of next week’s Aussie CPI and business confidence releases.

Exchange Rates

The current interbank midrate is:AUDUSD 0.8032
The interbank range this week has been:AUDUSD 0.7958 – 0.8118

View AUDUSD chart

The Australian dollar (AUD) continues to hold above 0.8000, well supported by Australian economic data, particularly the jobs report that surpassed expectations. Also helping the Aussie are increased risk sentiment, higher commodity prices and the weaker USD tone. It is now building a solid base for a move on the 0.8045 level which if broken would target the September high of 0.8145.

Exchange Rates

Current Level: 0.8008

Support:  0.7850

Resistance: 0.8070

Last Week’s range: 0.7938 – 0.8039

View AUDUSD chart

The Australian economy continues to show signs of improvement and enjoyed solid data over the week. The AUD/USD has broken over the critical 0.8000 level having been to 0.8021 this week, it is now back around 0.8015. Data from China although mixed ended up being mildly supportive of the AUD, but it looks to be struggling holding over the 0.8000 mark. A break over 0.8022 would have potential to extend to 0.8055 then 0.8090 next week.

Exchange Rates

The current interbank midrate is:AUDUSD 0.8013

The interbank range this week has been:AUDUSD 0.7849 – 0.8022

View AUDUSD chart
The Australian dollar (AUD) has trended higher building on USD weakness and yesterday saw a high of 0.7977, the highest level since September. It is currently now around the 0.7955 level the AUD looks well supported as the weaker USD tone persists and with Thursdays Aussie employment data expected to be strong, a break over 0.8000 is to be expected over the next days or so. Gains above this level through resistance at 0.8030, then 0.8070 would target 0.8124 the 2017 high. Immediate downside is 0.7940 then 0.7895, but that is unlikely in the short term.

Exchange Rates

Current Level: 0.7972

Support: 0.7850

Resistance: 0.8000

Last Week’s Range: 0.7808 – 0.7976

View AUDUSD chart

The Australian dollar (AUD) has been trending higher on the weaker USD for most of the week, surging to a 0.7893 high yesterday on the much stronger than expected Aussie retail sales. It has climbed further this morning to 0.7903 and providing there are no surprises in tonight’s US CPI or retail sales data should push on into the 0.7920 region to start next week, given that Monday trading will be subdued due to a US holiday, Martin Luther King day. Immediate support lies around 0.7845/50 with resistance at 0.7920 then 0.7945/50.

Exchange Rates

The current interbank midrate is:AUDUSD 0.7884

The interbank range this week has been:AUDUSD 0.7808 – 0.7902

View AUDUSD chart

The Australian dollar (AUD) has been knocked lower to 0.7825 overnight on the stronger USD, after a high of 0.7871 earlier on Monday. It has recovered slightly to currently sit around 0.7850, but support down at 0.7800 remains crucial with any retreat below this level setting the AUD up for a move to 0.7770. A move over 0.7895 would signal a resumption of the AUD advance with first resistance then at 0.7920, unlikely within the next 24 hours. We favour trading around the 0.7830-0.7870 range over the next day or so. Today’s November building permit data should help with further direction.

Exchange Rates

Current Level: 0.7851
Support: 0.7800
Resistance: 0.7895
Last Week’s Range: 0.7805 – 0.7874

View AUDUSD chart

Broad based United States dollar (USD) weakness has been the theme of the past couple of weeks, and the Australian dollar (AUD) has certainly benefited. Gains in the commodity complex have also helped to support the AUD which has traded to a high so far of 0.7865. Although there is nothing so far to signal the rally is over, caution is warranted. Economic data from the US over the past couple of weeks has been positive and it really doesn’t justify this broad USD weakness. It therefore wouldn’t take much to turn the USD around and tonight we have key data in the form of Non-Farm Payrolls. It’s shaping up to be a very interesting release. Initial resistance comes in around 0.7880, while on the down side support around 0.7810 looks to be a significant level. One of those levels will likely be tested tonight in the wake of the US jobs data.

Exchange Rates

The current interbank midrate is: AUDUSD 0.7864
The interbank range this week has been: AUDUSD 0.7788 – 0.7865

View AUDUSD chart

The Australian dollar (AUD) has been the standout performer over the Christmas period with solid gains seen against the United States dollar (USD). Broad USD weakness has been a key factor but the AUD has also benefited from stronger commodity, and in particular gold, prices. The pair has traded to a high of 0.7810 so far and it would be premature to call and end to the rally at this point. The key support levels to keep an eye on are currently at 0.7775, and 0.7740. A break of the first level would suggest momentum in the rally is waning, while a break of 0.7740 may well signal a high has been put in place. For the time being however the focus remains on the topside and further tests above the 0.7800 level.

Exchange Rates

The current interbank midrate is: AUDUSD 0.7791
The interbank range this week has been: AUDUSD 0.7701 – 0.7810

View AUDUSD chart

The Australian dollar (AUD) is building a good base around the 0.7700/15 level against the USD. If it maintains levels above 0.7000 look for 0.7730 resistance to be under pressure next week.

Exchange Rates

Support: 0.7600

Resistance: 0.7730

View AUDUSD chart

The Australian dollar (AUD) is settling into a sideways trading pattern as it consolidates in a 0.7640-0.7690 range. A break over 0.7700 would indicate a return to a more bullish trend and target 0.7730 but this looks unlikely ahead of news around the US tax legislation about to be passed.  Australian data has been on the turn and dips at the moment are seen as buying opportunities, but with volumes dropping as Christmas approaches look for the consolidation at current levels

Exchange Rates

Current Level: 0.7661

Support: 0.7585

Resistance: 0.7730

Last Week’s Range: 0.7520- 0.7694

View AUDUSD chart

After a lacklustre start to the week where the Australian dollar (AUD) made a low around 0.7502. The AUD gradually stepped higher against the United States dollar (USD) to 0.7678 after yesterday’s stellar employment number. Now at 0.7672 the AUD looks well supported, 0.7700 is immediate resistance level which if broken would likely see a test of 0.7730 but this is more next week’s story. We expect the AUD to consolidate around current levels to close the week.

Exchange Rates

The current interbank midrate is: AUDUSD 0.7663

The interbank range this week has been: AUDUSD 0.7502 – 0.7680

View AUDUSD chart

The Australian dollar (AUD) went into Friday night’s US payrolls data trading close to cycle lows around 0.7502. Price action since then has been a bit choppy but untimely the United States dollar (USD) has weakened a touch on the back of disappointing wage growth numbers. This help lift the AUDUSD back up to 0.7545, just shy of initial resistance around 0.7550. The pair has so far failed to overcome that level and while it trades below 0.7550 the risks are still skewed to the downside.  A move above 0.7550 would suggest further gains are likely, but we struggle to see that happening before the Fed rate announcement on Thursday morning. Direction for the pair after the Fed decision will come down the tone of their statement.

Exchange Rates

Current Level: 0.7526

Support: 0.7450        

Resistance: 0.7550

Last week’s range: 0.7502 – 0.7653

View AUDUSD chart

Data releases this week have not been kind to the AUD which has dropped from the weeks’ high of 0.7594 to currently sit around 0.7512, a six month low….a solid US jobs figure is likely to knock the AUD into the mid 0.7400 region …immediate support is at 0.7500 then 0.7450, resistance at 0.7570 looks a bridge too far at the moment..

Exchange Rates

Support: 0.7430        

Resistance: 0.7540

View AUDUSD chart

Political ructions are not helping the AUD on this cross and even with better economic data the failure to rally back over the 0.7600 level is negative and only better than expected Chinese PMI data has held the AUD around current levels and should follow through into next week…support is at 0.7530, resistance at 0.7590.

Exchange Rates

The current interbank midrate is: AUDUSD 0.7559

The interbank range this week has been: AUDUSD 0.7555-0.7644

View AUDUSD chart

The Australian (AUD) ends the week on a better note against the United States dollar (USD) having broken over resistance at 0.7600. It is now around 0.7625 building on the persistent USD weakness and a modest rebound in commodity prices. Immediate resistance is now 0.7640 then 0.7695/0.7700. On the downside, the old 0.7600 resistance level now becomes support level.

The current interbank midrate is: AUDUSD 0.7622

The interbank range this week has been: AUDUSD 0.7533-0.7639

View AUDUSD chart

The Australian dollar (AUD) still can’t break back over 0.7600 vs the USD and is currently sitting around 0.7535 after breaking below 0.7570 late Friday. The AUD/USD looks weak, not helped by the RBA minutes earlier today, and we look for a test of immediate support of 0.7500 over the next couple of days.

Exchange Rates: 

Current Level: 0.7540

Support: 0.7490

Resistance: 0.7600

Last week’s range: 0.7648 – 0.7540

View AUDUSD chart

Mixed data this week has not helped the Australian dollar (AUD), now at 0.7590 after a high of 0.7664 at the start of the week. The inability to hold back over 0.7600 does not bode well for the AUD/USD and further United States dollar (USD) strength around the tax reforms next week will likely see the AUD test downside at 0.7570 a break of which should extend towards the 0.7490 region.

Exchange Rates: 

The current interbank midrate is: AUDUSD 0.7601

The interbank range this week has been: AUDUSD 0.7577 – 0.7695

View AUDUSD chart

After trading up at a 0.7664 high yesterday, the AUD ran out of steam today at 0.7638 after Chinese retail sales missed expectations by a big margin…The AUD is now at 0.7626 against the USD and we look for a test of 0.7610 later tonight, a break of which would open the way to 0.7585…any rebound of the USD on better CPI data would ramp pressure on the AUD.

Exchange Rates: 

Current Level Support Resistance Last week’s range
AUD/USD 0.7629 0.7610 0.7750 0.7611 – 0.7700

View AUDUSD chart

The Australian dollar (AUD) has rallied overnight, now at 0.7682 on the United States dollar (USD) sell-off. The AUD also some support from higher than expected inflation figures yesterday in China which helped alleviate fears about a further slowdown in the Chinese economy. A break over 0.7700 may see resistance at 0.7725 tested but any moves much above this level will be on US events not domestic issues.

Exchange Rates: 

The current interbank midrate is: AUDUSD 0.7680

The interbank range this week has been: AUDUSD 0.7627 – 0.7700

View AUDUSD chart

The Australian dollar has bounced back to 0.7685 against the USD, supported by the uptick in commodity prices. It has lost some momentum close to the 0.7700 level ahead of this afternoon’s RBA rate decision and we would expect another test of 0.7700 after the RBA, if there are no surprises. The AUDUSD rally could then extend to 0.7750 on the way to 0.7800 if commodities stay firm. Sport at 0.7625 is unlikely to be visited today.

Current Level Support Resistance Last week’s range
AUD/USD 0.7687 0.7610 0.7750 0.7639 – 0.7725

View AUDUSD chart

The Australian dollar is currently trading around 0.7690 vs the USD, down from the overnight 0.7730 high, pressured by today’s disappointing Retails Sales data and as the market awaits the US jobs data later tonight. We expect the AUD to trade around current levels and resistance at 0.7730 to hold ahead of the US data. A break of 0.7730 would target 0.7750/60 then a retake of the old previous key level at 0.7800. Immediate downside support is at 0.7670/75 then 0.7725.

The current interbank midrate is: AUDUSD 0.7683

 

The interbank range this week has been: AUDUSD 0.7627 – 0.7725

View AUDUSD chart

The Australian dollar continues to get knocked around by the USD, now at 0.7678 not far from the 3 1/2 month low of 0.7624 last week. Weaker Chinese PMI data today saw further AUD weakness. Support is back at 0.7650 then 0.7610 good US data later in the week could see these levels under threat.

Current Level Support Resistance Last week’s range
AUD/USD 0.7674 0.7610 0.7700 0.7627 – 0.7825

View AUDUSD chart

It has not been one the Australian dollars finest weeks. It is back at 0.7842 after ranging between 0.7992/0.7798 over the week. AUD recovery has been due to the softer USD overnight and with the 0.8000 level now a “bridge- to- far” AUD downside is favoured. 0.7800 support should hold going into next week, but a break of this level would likely extend to the 0.7750/70 region.

The current interbank midrate is:    AUDUSD 0.7840

The interbank range this week has been:    AUDUSD 0.7801 – 0.7986

View AUDUSD chart

The AUD made a low of 07906 on Friday but has clawed its way higher and is now around 0.7950. It’s trying hard to retake the AUD/USD 0.8000 level but given the risk-off tone this looks a bridge too far within the next few days. Gold’s price bounce should limit downside but the negative tone is dominant. Expect a range of 0.7910-0.7970 over the next few days.

Current Level Support Resistance Last week’s range
AUD/USD 0.7940 0.7870 0.8100 0.7909 – 0.8087

View AUDUSD chart

The Australian dollar was having a good time this week, until it was hit hard by the RBA Governor’s speech and China downgrade. It is now around 0.7925 after a high of 0.8101 earlier in the week. We look for a test 0.7870 later next week.

The current interbank midrate is:    AUDUSD 0.7927

The interbank range this week has been:    AUDUSD 0.7909 – 0.8087

View AUDUSD chart

The Australian dollar has held well above the 0.8000 level against the USD, making an 0.8122 high on Friday. It started the week well but has been knocked to 0.8002 today on the strong USD and worse than expected Aussie business confidence data. A break below 0.8000 would threaten 0.7970.

Current Level Support Resistance Last week’s range
AUD/USD 0.8008 0.7965 0.8100 0.7950 – 0.8124

View AUDUSD chart

After struggling to break over the 0.8000 level against the USD the Australian dollar has spent the last few days 0.8010-0.8040 range, but is now at 0.8080 after the USD was sold lower on weaker data .Aussie economic data this week was mixed but generally supportive…now looks to pressure 0.8100 but any uptick in risk sentiment would damage AUD.

The current interbank midrate is:    AUDUSD 0.8080

The interbank range this week has been:    AUDUSD 0.7936 – 0.8099

View AUDUSD chart

The Australian dollar has held steady over the last few days vs the USD, helped by the disappointing US jobs data and stronger gold/metal prices. It is now at 0.7960 as it tries to break over the 0.8000 level. This afternoon’s RBA statement may help, as could data later this week, Q2 GDP tomorrow a case-in-point….however any increase in risk-off sentiment will sap AUD strength.

Current Level Support Resistance Last week’s range
AUD/USD 0.7960 0.7850 0.7980 0.7872 – 0.8996

View AUDUSD chart

The Australian dollar has tried to break back over the USD 0.8000 level over the week but to no avail at that continues to be a step too far. It is now at 0.7943 and looks to stay capped at 0.8000 with 0.7870 under threat if tonight’s US jobs data exceeds expectations. It will also be gun-shy of any increase in Korean tensions.
The current interbank midrate is:    AUDUSD 0.7950

The interbank range this week has been:    AUDUSD 0.7872 – 0.7996

View AUDUSD chart

The Australian dollar rallied sharply on Friday after the disappointment of Yellen’s speech. It made a 4 week high at 0.7972 overnight but is now back at 0.7930 after the Nth Korean news. Immediate support is at 07900 then 0.7865. The AUD was looking good to test 07980 ahead of 0.8000 on the weaker United States dollar but the renewed risk-off tone has put that on hold for the time being.

Current Level Support Resistance Last week’s range
AUD/USD 0.7923 0.7850 0.7980 0.7868 – 0.7973

View AUDUSD chart

The Australian dollar as drifted lower over the last few days and is now struggling to hold the 0.7900 level against the USD. Immediate upside looks limited to 0.7930 with support at 0.7870 more likely to be tested overnight. Key for near term direction however will be Fed Chair Yellen’s speech tonight.
The current interbank midrate is:    AUDUSD 0.7897

The interbank range this week has been:    AUDUSD 0.7868 – 0.7951

View AUDUSD chart

The Australian dollar has had a good few days as the USD weakens. It is now at 0.7938 and has potential to kick on to 0.7960 over the next day or so. Not much in the way of AUD data so moves will largely be offshore driven. Commodity prices have also been AUD supportive.

Current Level Support Resistance Last week’s range
AUD/USD 0.7937 0.7850 0.7950 0.7808 – 0.7962

View AUDUSD chart

The Australian dollar has held against the USD reasonably well, now at 0.7895 after a high yesterday of 0.7961. It has been hurt by the change in risk tone but should around current levels into next week. Any break over 0.7925 would signal a push to 0.950 and above.
The current interbank midrate is:    AUDUSD 0.7896

The interbank range this week has been:    AUDUSD 0.7808 – 0.7962

View AUDUSD chart

The New Zealand dollar bounce back has pressured the Canadian dollar on this cross. It is now trading at 0.9290 should test 0.9300, which if broken would see 0.9350 targeted.

Current Level Support Resistance Last week’s range
AUD/USD 0.7871 0.7850 0.7950 0.7839 – 0.7942

View AUDUSD chart

The Australian dollar has drifted lower for most of the week vs the USD. It is now at 0.7870 and remains vulnerable to the safe-haven flows although higher gold prices will help alleviate some of the downtrend. Immediate support is at 0.7850 should hold initially, although it’s like to come under increasing pressure. A break below that level would open the way for a move toward 0.7750.
The current interbank midrate is:    AUDUSD 0.7865

The interbank range this week has been:    AUDUSD 0.7842 – 0.7980

View AUDUSD chart

The Australian dollar looks vulnerable to test 0.7900 which then targets 0.7870 against the USD. We view this as likely now that China’s trade data has been disappointing. Further USD strength also will increase AUD pressure.

Current Level Support Resistance Last week’s range
AUD/USD 0.7912 0.7870 0.8010 0.7892 – 0.8037

View AUDUSD chart

After falling below the 0.8000 level against the USD the Australian dollar has struggled to get back. It is currently at 0.7954 but tonight’s US jobs data could provide a break-out for the AUD in either direction. Most AUD gains have been on the back of USD weakness and a change in this scenario would put pressure back on the AUD. We continue to view the current level as a good opportunity for those looking to convert AUD to USD.
The current interbank midrate is:    AUDUSD 0.7952

The interbank range this week has been:    AUDUSD 0.7916 – 0.8043

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For much of this week the Australian dollar was range bound against the USD, trading sideways around 0.7925. That all changed in the wake of yesterday’s FOMC rate statement as the United States dollar saw sharp declines. The AUDUSD rate surged up to a high of 0.8065 before eventually running out of steam. It really was hard to justify the USD’s losses as the Fed statement held no real surprises, and overnight the USD has recovered somewhat thanks in part to a strong durable goods orders report. The market now awaits tonight’s USD GDP data which could easily see the USD recover even more ground. Expectations are for a strong result. If we do in fact see that the AUD could well head into next week close to, or even under the 0.7900 level.
The current interbank midrate is:    AUDUSD 0.7972

The interbank range this week has been:    AUDUSD 0.7878 – 0.8065

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Most of last week was spent consolidating the Australian dollar’s recent gains against the USD. Immediate support for the pair is seen around 0.7870 while the recent cycle highs around 0.7988 provide the first level of resistance. These are reasonably lofty levels for the AUD and tomorrow’s Australian inflation data will likely be key in deciding whether or not the rally can continue. This week from the US we have the FOMC statement, which shouldn’t provide and major surprises, along with along with Durable Goods order and Advance GDP.

Current Level Support Resistance Last week’s range
AUD/USD 0.7925 0.7870 0.7990 0.7787 – 0.7985

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It’s been another week of solid gains for the Australian dollar against the USD. Broad based USD weakness has combined with positive Australian data to see the pair briefly attempt to attack the psychological important 0.8000 level. It was short lived however and it seems that may be a step too far too soon for the Aussie. The pair is currently consolidating around the 0.7950 level and it may well try to attack 0.8000 again, but there are signs that momentum is starting to wane on the entire rally and as such the AUD should find further gains much harder work. That’s not to say the rally is over by any means, but we are approaching levels that speculative sellers will start to find attractive, and as such there should be much more two way business on any further cracks higher.
The current interbank midrate is:    AUDUSD 0.7947

The interbank range this week has been:    AUDUSD 0.7735 – 0.7985

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The Australian dollar has had another very strong week buoyed by positive economic data, increasing gold prices, and broad based weakness in the United States dollar. To be fair, it was largely USD declines on Friday night, after soft US inflation and retails sales data, that drove the AUDUSD up to the recent highs at 0.7838. There is major resistance around 0.7850 and so far that’s contained the move. The pair opened the week consolidation between 0.7800 and 0.7850 and it remains to be seen if the market is willing to have another crack at that major resistance level. Today’s RBA minutes will draw attention, then on Thursday we have employment data to digest.

Current Level Support Resistance Last week’s range
AUD/USD 0.7787 0.7725 0.7850 0.7603 – 0.7838

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It’s been a very positive week for the Australian dollar with strong gains seen against the United States dollar and most other currencies. The USD has seen some pressure on the back of dovish comments from Fed officials and the ongoing Trump-Russia drama, but a good portion of the AUDUSD rally has come from broad based AUD strength. I suspect this has been driven by changing interest rate expectations. Forecasters who had been suggesting the next rate move from the Reserve Bank of Australia (RBA) was likely to be an interest rate cut, are now revising their outlook to are more stable interest rate forecast and the currency is therefore getting revalued on that basis. The AUD is now however approaching an area of resistance that will make further gains much hard to  come by. For the past 12 months or so the 0.7750 – 0.7775 area has capped any periods of strength it should provide a tough barrier this time as well. Those looking to purchase USD should take advantage of this move above 0.7700.
The current interbank midrate is:    AUDUSD 0.7732

The interbank range this week has been:    AUDUSD 0.7573 – 0.7740

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It’s been a week of sideways price action for the Australian dollar vs the USD. Trading has been contained between the tight parameters of 0.7570 and 0.7630. Even Friday’s key US employment data failed to break the deadlock and for the time being we can expect more of the same. There is little in the way of significant data set for release from Australia this week. On the US side of the equation we do have testimony from Janet Yellen to digest on Wednesday night, followed by inflation and retails sales data on Friday night.

Current Level Support Resistance Last week’s range
AUD/USD 0.7606 0.7570 0.7630 0.7572 – 0.7681

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The Australian dollar has had a softer tone this week dropping from 0.7694 on Monday to 0.7570 today. The more dovish tone from the RBA hasn’t helped but the AUD did look a little over extended at the end of last week. Data flows continue to be positive but US data will rule. Tonight’s US employment data will be closely watched for its impact on the USD.
The current interbank midrate is:    AUDUSD 0.7584

The interbank range this week has been:    AUDUSD 0.7572 – 0.7703