Australian Dollar Fundamental Analysis.

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Aussie or AUDUSD movement in asia session today seems weakening against USD after opened in weak power at 0.69975 in the early trading, Aussie exchange rate falling down around 4 pips. The cause is probably because of Oil's price which keep falling this pair in this Asia session even China's economy recovered slightly.

 

Pair could rise back thanks to the correction but we need to be careful with JOLTS which may change the tide since as we know today there is no news released for Australian Dollar makes it easier to get some push from USD after that news.

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Australian Dollar exchange rate movements in Asian session is moving up against the US dollar, after opened strong at 0.71076 early. Aussie managed to rise as commodity exchange rate against the USD amid USD effort to rally his rivals.

 

The strengthening of the Australian currency was triggered by the position in crude oil prices that have risen since the end of trading last week. 

 

Until this evening session Australian dollar is expected to continue the strengthen despite crude oil prices are movement still limited. In addition USD today is not supported by the American financial market because of holiday.

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Australian Dollar in EU session is weakening, aussie seems retreat after 6 days before rally because of Oil's price, but China's economic data slow it down. Since there are no big impact news that could fundamentally move the price made AUDUSD corrected and the price's target is 0.73997 or a bit lower, but if cannot break that level this pair(AUD/USD) may rebound thanks to no fundamental data to around 0.74836.

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Australian Dollar's movement in Asia session is weakening against US Dollar after opened above 0.75132 and it observed to keep fall even up to 0.74882. Aussie ahead of the end of the Asian session resumed bearish trend early trading last week and triggered by weakening crude oil prices and negative sentiment from RBA monetary policy last week. Until the evening session if the US dollar weaken because of negative data of PPI releases and US retail sales in February. If that is happening AUDUSD fall to 0,74317 but if not may rebound up to 0,76351.

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Entering the forex trading Asia session this last weekend, AUDUSD managed to rally strong and continue to move positively by the contribution of labor economic data which are also of concern to the market and in particular, RBA.

 

Australian producer-level inflation data the second quarter of this year showed an increase of data that gives hope for the next consumer inflation rate thus encouraging RBA not to ease monetary policy in August.

 

AUDUSD exchange rate movements in the Asian session moving rally, after opening higher at 0.75045 in early trade. For the next trading session which is New York session tonight, it looks like the AUDUSD pair may rise to the range of 0.75605-0.75847.

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Aussie exchange rate movements in Asian session still moving strongly against US dollar, after opening higher at 0.75911 in early trading , the Aussie exchange rate rose around 21 pips and roll values are at 0.76126.

 

Australian dollar exchange rate last end of the Asian session rally by the unfavorable movement of the US dollar and is also supported by a rally in crude oil prices. Until the evening session is expected the Australian dollar will continue to rally the support projections of crude oil prices is increasingly rising.

 

Looks like AUDUSD will rise to the range of 0.7630-0.7652, but if it does not get that range it will move down to the range of 0.75682-0.75044. So the normal range on the AUDUSD pair is estimated to have the support level at 0.75044 and the resistance level at 0.76763.

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On Tokyo Session, Aussie exchange rate movements is still having consolidation against US Dollar, after opened higher at 0.75388 in early trading, the Aussie exchange rate is flat and rolling value is at 0.7538.

Australian dollar exchange rate at the end of the Tokyo session consolidation moves ahead of the RBA monetary policy announcement
will be reported shortly. RBA expected to loosen policy by lower interest rates and if this happens despite the less favorable exchange rate of the Australian dollar oil prices Crude rebounded on Tokyo session.

Technically AUDUSD may fall into the range of 0.75055-0.74745, but if it is not up to the range price will move up to the range of 0.75722-0.76482. So I argued that the normal range AUDUSD pair is estimated to be has support level at 0.73874 and the resistance level at 0.77351.

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In the middle of European session Australian dollar exchange rate retreat after earlier the trading reached its highest level in 15 trading days against US dollar. Profit taking continued since the Asian session continues to respond to two sentiments aside expectations of Fed rate hikes.

 

Aussie came under pressure from the Chinese PMI data services reported Caixin and Markit today is lower than the previous period data. Besides the development of crude oil prices are getting cheaper around $ 40 a barrel helped lowering the price of aussie.

 

For the next trading until the end of trading session this evening America, it seems AUDUSD may fall back into the range of 0.76687-0.75405. But if it is not until that range will go up to around 0.76213.

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Aussie exchange rate movements in the European session is still moving weak against US dollar, after opening higher at 0.75891 at the start of trading, the Aussie exchange rate rose around 27 pips and the roll values are at 0.76160.

 

Exchange rate of AUDUSD on EU session managed to strengthen against US dollar to ignore bad economic data releases this morning that showed poor performance of Australia's retail sales in June. In addition to strengthening AUDUSD ignore the back drop of crude oil prices.

 

Technically AUDUSD rose to around 0.76402-0.76581 further. However, it can be corrected to 0.75668-0.75403. I argued that the normal range on the AUDUSD pair is estimated to have the support level at 0.75130 and the resistance level at 0.76700.

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Aussie exchange rate movements in the European session is still moving strongly against US dollar, after opening higher at 0.76271 at the start of trading, the Aussie exchange rate rose 31 pips and the rolling values are at 0.76580.

 

Exchange rate Australian dollar managed to rally in the European session to continue the previous trading by market expectations that positive action to Overcome the risk Brexit BOE to cut interest rates to record lows. The increase is in the Australian dollar managed to ignore the decline in crude oil prices return.

 

Technically AUDUSD rose to around 0.76713-0.76892 further, but if it does not reach the range, it can be corrected to 0.76000-0.75822. The normal range of AUDUSD is estimated to have the support level at 0.756055 and the resistance level at 0.770007.

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Australian dollar(Aussie) exchange rate in the end of the Asian session has not been able to rebound after last weekend hit by the strengthening US dollar after the jobs report in July impressive. And the fundamental strength of the US dollar is still good at the market. In addition Aussie received additional pressure from the data of job advertisements Australia experienced a contraction in July, according to data ANZ.

Technically AUD/USD right now is fall down further to around 0.76392-0.76544 , but if it does not reach the range then it can be corrected to 0.7582-0.7657. So the normal range on the AUD/USD pair estimated to have the support level at 0.76774 and the resistance level at 0.75433.

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Aussie exchange rate movements in  Asian session still moving weak against the US dollar, after opening higher at 0.76511 at the start of trading, the Aussie exchange rate fell by 20 pips and current value of AUDUSD are at 0.76311.

 

Exchange rate of the Australian dollar early Asian session retreat after earlier rose by strength in crude oil prices weakened by the decline in consumer sentiment data of NAB survey and less solid Chinese inflation data which discourage investors to buy more Aussie.

 

Technically AUDUSD price will fall further to between  0.76176-0.75842 or even  further down, but if it does not reach the range, it can go up to 0.76733-0.76900. So the normal range on the AUDUSD pair is estimated to have the support level at 0.7560 and the resistance level at 0.77150.

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Aussie on EU session is moving strong against US Dollar after opened higher at 0.76732 in the early session of Tokyo Session. It is totally rising around 51 pips and the rolling value is at 0.77265.

 

In the middle of EU session, AUDUSD successfully rally and rise further even the price of Crude Oil once again fall down. Aussie on the early trading strengthening because of Economic data such as Westpac and Home Loans which is still showing positive result.

 

For the next trading and until the end of New York session this evening, I predict that AUDUSD will rise back to around 0.77376 - 0.77654. But if cannot reach that range in between then it will fall to around 0.76592 or lower.

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Aussie exchange rate movements in the European session moving strongly against US dollar and the rolling value of the currency right now is at 0.77192. In the middle of the European session, AUDUSD manage to beat the rally US dollar in early trading after being hit hard by the collapse of crude oil prices.

 

Aussie made a pair AUDUSD strength is now in the highest position in four months, triggered by high bond yields in the Commonwealth Bank of Australia.  For subsequent trade to the end of US trading session this evening, seems AUDUSD may rise back into the range 0.77632-0.77950. But if it is not until that range will drop to the range of 0.76700.

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Australian dollar exchange rate moving negative Asian session after the Chinese government announced some disappointing economic data such as industrial production data, retail sales and investment assets that were below expectations. Crude Oil sentiment is rising for 2 days which is less powerful affected aussie's rate.

 

Technically AUDUSD will fall to around 0.76634-0.76494  but if it does not then the pair of these ranges can be raised back to the range between 0.77213-0.77533. So analyst argued that the normal range AUDUSD pair today estimated to have the support level at 0.76214 and the resistance level at 0.77785.

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US economic data reports tonight as the Empire State Manufacturing Index and NAHB Housing Market Index less soothing global financial market participants, so that they sell a lot of dollar assets and hunting assets yielding lucrative. Because expectations for Fed rate hikes continued growing frustrated after last weekend economic data released (PPI, retail sales, UoM consumer sentiment) below expectations. And expectations of Fed rate fading after data released this evening.

This sentiment makes the main rival of US dollar as Aussie rate increases, especially supported by rising government bond yields back and companies - private companies after a stressful weekend. Aussie managed to rebound until the American session tonight after last weekend plunged to severe erosion of the country's bond yields.

For the next trading session to end of New York session tonight i estimates that AUDUSD will continue to increase up to the range between 0.76926-0.77037. But if it does not reach these ranges will be down to around 0.76190.

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Australian dollar exchange rate was a negative in Asian session after opened higher after especially with the RBA released minutes of their meeting a few weeks ago which disappointed the market. In the treatise was no strong signal for the next RBA interest rate changes amidst a global central bank to loosen policy.

 

It seems that AUDUSD may fall to range between 0.77082-0.77204 especially if the rally formed, but if no then price may rise back to around 0.77080-0.77200. So I argued that the normal range on the AUDUSD pair is estimated to have the support level at 0.75866 and the resistance level at 0.77394.

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Australian dollar exchange rate was a negative move of the Asian session after opening lower than the previous trading, caused by a resurgent US dollar fundamentally responds hawkish comments New York Fed President William Dudley. In addition the price of crude oil which is often to be the catalyst activator being retreat.

 

Technically AUDUSD may fall into the range 0.76488-0.76074, but if it does not reach that range then move back into range 0.76991-0.77202. So the normal range on the AUDUSD pair is estimated to have the support level at 0.75570 and the resistance level at 0.77822.

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Australian dollar exchange rate is moving positive Asian session after ABS Australia reported the country's unemployment rate fell in July due to the addition of the country's workforce. But the retreat in crude oil prices and the pair attempted to overshadow the rate of decline wary.

 

It seems that the AUDUSD may rise to the range of 0.7730-0.7780, but if it does not reach that range then move back into the range of 0.7618-0.7598. So that the normal range of AUDUSD today is expected to have the support level at 0.7554 and the resistance level at 0.7780.

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Australian dollar exchange rate experienced Asian session on profit-taking weighed one component of the labor market data reported by ABS yesterday morning. Yesterday Australian dollar managed to rebound assisted by reports of increases the number of domestic workers in July, but inside there that the reduction in power full time work within three years. This sentiment gives strong pressure and ignored crude oil prices rally.

 

AUDUSD will continue to fall into the range of 0.7615-0.7593, but if it does not reach the range then move up back to the range of 0.7695-0.7740. So the normal range of AUDUSD pair today estimated to have the support level at 0.7561 and the resistance level at 0.7776.

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AUDUSD on Asian session got a quite large selling pressure which come naturally by the strengthening of US dollar sentiment that dominate the forex market since the end of trading last week by expectations of further Fed rate hikes conducted in September since the absence of fundamental data then this sentiment will be further strengthened.

AUDUSD will continue to fall into the range between 0.75727-0.75390, but if it does not reach that range then move up back to the range of 0.76410-0.76720. So it seems that normal range on the AUDUSD pair is estimated to have the support level at 0.75124 and the resistance level at 0.77033.

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Aussie exchange rate movements in the Asian session moving strongly against US dollar, after opening higher at 0.76245 in early trading. Australian dollar exchange rate successfully continued the trend of early trading last week by the collapse in the value of the US dollar and bond yields, which ignored the development of crude oil prices were still hit hard since the previous trade. In the US session the pair can change directions to respond to the release of US economic data that was reported tonight.

Technically AUDUSD will continue to rise into the range of 0.767063 - 0.769552, but if it does not reach that range then this pair may move back down to the range between 0.7595-0.7559. So the price suggested the normal range of AUDUSD pair is estimated to have the support level at 0.75312 and the resistance level at 0.76987

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Aussie exchange rate movements in the Asian session (05:05:35 GMT) moving strongly against the US dollar, after opening higher at 0.761208 at the start of trading, and the rolling AUDUSD is at 0.763350. The actual Aussie in Asian session moving rebounded technically, since there is no fundamentally supporting data amid global market focus on Jackson Hole meeting.

 

Symposium is expected to provide new clues to the continuation of a Fed rate hike. Technically, the AUDUSD is expected to rise steadily to around 0.76400-0.76753, but if it does not reach these ranges can be a correction down to around 0.75975-0.75810. So it looks like the normal range of AUDUSD pair is estimated to have the support level at 0.75662 and the resistance level at 0.76820.

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Aussie exchange rate movements in the Asian session is moving strongly against US dollar, after opening higher at 0.76192 at the start of trading Aussie exchange rate rose by 13 pips. Pair approached strong support range. AUDUSD exchange rate on Asian session tried to rally although crude oil prices are a negative sentiment waning, vigilance is reinforced by the pair are waiting for a strong signal of interest rate hikes from the Fed tonight and pessimism in the ability of the Fed to raise interest rates this year.

 

Technically AUDUSD will rise again to the range of 0.7640-0.7655, but if it does not reach that range then move back down to the range 0.76001-0.75831. So  based on some analyst analysis it seems that the normal normal range on the AUDUSD pair is estimated to have the support level at 0.75590 and the resistance level at 0.76740.

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Aussie exchange rate movements throughout the trading forex market last week fell back on a weekly basis continue weakening the previous week. The weak Australian dollar last week influenced more dominant force momentum dollars after US Federal Reserve through Janet Yellen and Stanley Fischer optimistic Fed rate hikes continued to be carried out this year.

 

In addition to strengthening US dollar sentiment, weakening of the Australian dollar last week also affected by weak commodity prices responds to falling prices of crude oil last week which is not significant enough. But last week a little aussie received a positive sentiment of the statement the RBA governor would not cut rates again until the end of the year.

 

For the movement of ustralian dollar this week there are fundamental data is quite important and exhibited significantly from both domestic as well as from the country of China as a trading partner magnitude. Some data important to note as Building Approvals, Chinese Manufacturing PMI, Private Capital Expenditure, Retail Sales. All of the data is expected to show positive data unless the data Caixin Chinese Manufacturing PMI and Commodity Prices putting pressure.

 

Technically, last week observed to weaken to around level 0.7560. Range this week will be among the support level at 0.7487 and 0.7411, while resistance levels at 0.7685 and 0.7752.