Australian Dollar Fundamental Analysis.

[myregister]

Australian Dollar exchange rate in Europe Union Session move weaker against the US dollar, after AUDUSD's price opened higher at 0.7679 in early trading , right now it observed that the price fall down around 24 pips and the rolling price for this pair is at 0,7655. Pair has reached the range of strong support.

Aussie entered European session unspoiled, despite the profit taking large daily pass some positive momentum as the data to higher commodity prices, interest rates unchanged in line with expectations that overshadowed the bad building aprovals the data and also ANZ job data advertisements survey.

Technically AUDUSD will continue to fall into the range between 0.7643-0.7625, but if there is a correction then the pair may rise towards the range between 0.7693-0.7720. So It could be argued here that the the normal range of AUDUSD pair is estimated to have the support level at 0.7609 and the resistance level at 0.7720.

[myregister]

Aussie exchange rate movements on Asian session (04:25:35 GMT / 11:20 GMT) moving strongly against US dollar, after opening higher at 0.7622 in early trading (0000 GMT), fall down around 12 pips and Aussie exchange rate and the rolling value is at 0,7634. Pair has reached the range of strong support.

Aussie on Asian session managed to rebound from the previous trading sentiment weakening economic data released early trading and managed to break the crude oil price correction sentiment. Economic data gave such power that retail sales in September increased 0.4% after the previous month it is just 0%.

Technically AUDUSD attempted to climb on to the range between 0.7650-0.7690, but if there is a correction, the pair may fall towards 0.7603-0.7570 range. So analyst argued that the normal range of AUDUSD pair is estimated to have the support level at 0.7506 and the resistance level at 0.7732.

[myregister]

Aussie exchange rate movements in Asian session (04:25:35 GMT) moving strongly against the US dollar, after the price opened higher at 0.7622 in early trading (0000 GMT), where the exchange rate fell around 38 pips Aussie and the rolling value of this pair is at 0,7584.

Aussie exchange rate on Asian session tried to rebound by the positive trade balance data in August Australia's natural repair. But entering the European session slipped back to respond to the strong US dollar and falling oil prices by profit taking.

Technically AUDUSD may fall to the range in between 0.7565-0.7530, but if it is not until these ranges, then pair may rise towards 0.7627-0.7670 range. So it seems that it could be argued that the normal range for AUDUSD pair is estimated to have the support level at 0.7538 and the resistance level at 0.7695.

[myregister]

Aussie dollar exchange rate movements on European session forex trading is still natural pressure against the US dollar but few receive power from strengthening against sterling. Against the US dollar, Australian dollar fell to its lowest in the last two weeks while against the British pound rose to its highest level in 3 years.

The weakness of Australian dollar against US dollar triggered a global market focus awaits US jobs data and as well as unemplouyment rate in September is expected NFP provides strong power for the Fed to raise interest rates by year end.

Seeing the positive sentiment supporting aussie rate today comes from AIG construction index data rose to the expansion area, further rally in crude oil prices long terua lasted until the European session this afternoon.

Australian dollar exchange rate is weak against US dollar, after the price opened higher at 0.7586 in early Asian trade, Australian dollar exchange rate is now rolling on the position of 0.7570. For subsequent trade to American trading session this evening, estimated AUDUSD fell again into the range between 0.7557-0.7520, but if there is a correction may rise towards the range between 0.7595-0.7645.

[myregister]

Aussie dollar exchange rate movements on early European session still gets a pressure against US dollar after the weekend and trying to pull a sigh of relief from bad trades throughout the first weekend of October. Aussie has not been able to strengthen even though the price of crude oil rebounded from the European session profit taking last weekend.

Since the beginning of the session, AUDUSD is difficult to move forward hampered by China's economic data such as data Caixin Service PMI which declined less than the previous period. And further pressured by weakness in crude oil prices. But this afternoon the price of crude oil lifted by optimistic that Saudi Arabia's Oil Minister freezing OPEC production agreement in November, therefore the price of WTI oil rose by 1%.

Australian dollar exchange rate movements on European session (11:10:45 GMT) moving weak against the price of US dollar, after the price opened higher at 0.7610 in early Asian trade (0000 GMT), the Australian dollar exchange rate is now rolling at around 0.7590.

For subsequent trade to the American trading session up to the end in this evening, analyst estimate that AUDUSD pair may rise again to around 0.7617-0.7650 range, and if the correction the pair did not happened then the price may get through the range of 0.7575-0.7562.

[myregister]

The rally in crude oil prices entered European trading session after successfully penetrate the increasingly tight range at $ 50 per barrel on the previous trading, but made no effort to press the commodity exchange rate of US dollar. Instead exchange commodities such as Australian Dollar advanced to a weak position since this currency plunged to lows of two weeks of trading.

 

In addition, to the momentum of the US dollar strength, Aussie got a pressure after bad home loan level data in Australia reported ABS even before NAB report data is unchanged from the previous period. The strong US dollar to trade this afternoon to make the pace of its rivals, including the Australian dollar which is becoming weaker.

 

By the strengthening Australian dollar, oil prices are only able to strengthen against other rivals such as Euro, Yen, and Sterling. Strong rally in oil prices will be supported by Russian support of OPEC commitment to cut oil production major manufacturers, including Russian state.

 

Australian dollar exchange rate movements on European session is moving weak against the US dollar, after the price of this pair opened lower at around 0.7606 early in Asia trading session, the Australian dollar exchange rate is now rolling on the position of 0.7551.

 

For subsequent trade to the end of American session this evening the price of this pair estimated will drop to the range of 0.7537-0.7518. But if it is not to be able to ascend right to its pivot line first then this pair may have a strong resistance point and may ascend to higher price range.

[myregister]

Entering the European trading session on Thursday (13/10), Australian exchange rate that has experienced profit-taking since the beginning of trading increasingly fall after the end of the Asian session where the poor performance of China announce their foreign trade in September. 

The Chinese government reported the condition of the domestic exports and imports fell short of expectations thus making their monthly trade syrplus was trimmed. Exports plummeted reported very severe compared to the decline in imports. 

Australian dollar exchange rate movements on European session moves very weak and about to fall to its lowest in 18 trading days against US dollar, after opening lower at 0.7563, the Australian dollar exchange rate is the value of this pair is rolling at 0.7515.

For the next session which is American Trading till the end of this session it has potential to rise higher because of the previous factor. It estimated that AUDUSD pair will continue to fall into the range of 0.7501-0.7468. But if it is not then it maybe climbed back towards the range of 0.7554-0.7581.

 

[myregister]

Entering the European trading session, Australian Dollar has climbed for two straight days back strong rally opposing US dollar. Workers rally in the aussie gained from positive inflation data and China's PPI and the rate of crude oil prices continues. On previous trading, Australian dollar had pressured by poor Chinese trade data.

The Chinese government and PPI inflation report last September experienced an increase above expectations, even the country's PPI data is the first data represents an increase over the last 4 years. Australian dollar exchange rate movements of the European session moves so strong against the US dollar, after opened lower at 0.7568 on early trading session. 

The Australian dollar exchange rate is now rolling on the position of 0.7619. Aussie strength this weekend was not able to push the pair printed weekly gain. For subsequent trade to the American trading session this evening, analyst estimates AUDUSD pair will fall back into the range of 0.7579-0.7524 but will rise to around 0.7634-0.7649 if this pair cannot reach that range between.

[myregister]

Entering the early European trading session (17/10), Aussie exchange rate had strengthened against US dollar where the price corrected retreat back while US dollar is still weak. The weak rate of the Australian dollar triggered by profit-taking where crude oil price dropped so that the rally stalled three consecutive days.

 

Crude oil prices trimmed back after a report showed industrial group Baker Hughes US oil refineries are actively increased last week from the previous week. Australian dollar exchange rate movements moves stronger against US dollar, after the price opened at 0.7568 early and the rolling exchange rate of AUDUSD is at 0.7619.

 

For subsequent trade to the American trading session this evening, it seems that AUDUSD air will fall back into the range of 0.7579-0.7524 but if the strengthening of the pair this afternoon was not up to that previous range then this pair's price will fall down to around 0.7634-0.7649.

[myregister]

Entering EU session on Tuesday Australian dollar exchange rate which has rallied for four straight days earlier continued to rise to its strongest in 12 trading days. The strength of the Australian dollar in addition to taking a strong foothold on the momentum weakening US dollar also supported by rising crude oil prices return.

 

Crude oil prices managed to climb back after early trading last week trimmed by the news that Iranian crude oil production increased dismissed sentiment OPEC crude oil production cuts in November.

 

Australian dollar exchange rate movements on European session moves so strong against the US dollar, after the price opened lower at 0.7629 early in the Asian trading session, the Australian dollar exchange rate is now rolling near 0.7677.

 

For subsequent trade to the American trading session this evening, it seems that AUDUSD estimated will continue the trend and will rise to the range between 0.7694-0.7709. However, if not managed to achieve this range will be corrected back to the range of 0.7648-0.7619.

[myregister]

A Step into European trading session on Wednesday (19/10), aussie dollar exchange rate which has rallied over 5 consecutive days of positive sentiment continues to move above. Until the American session there a data of US properties that little energy to lift the US dollar.

 

Workers rally in the aussie was also obtained from the consolidation of Chinese GDP data and rising crude oil prices. China's economy grew 6.7 percent in the third quarter from a year earlier, steady from the previous quarter and in line with market expectations, with increased government spending and the property boom offset weak exports.

 

Australian dollar exchange rate movements of the European session moves so strong against the US dollar, after this pair actually opened higher price at 0.7668 in early Asian trade (0000 GMT), the Australian dollar exchange rate is now rolling on 0.7682.

 

For subsequent trade to the American trading session this evening, Many analyst estimate AUDUSD pair will continue to rise into the range of 0.7693-0.7717. However, if not managed to achieve this range will be corrected back to the range of 0.7659-0.7605.

[myregister]

After a successful long rally for 6 consecutive days, aussie dollar exchange rate fell very sharply by profit taking huge responded Australian jobs data release in September on Thursday morning (20/10). Aussie reached its highest level in five weeks against the dollar also trimmed by sentiment cuts credit rating by S & P.

 

Other sentiment that made the aussie fell trim gains during the last two trading days came from the drop in crude oil prices by profit taking the market as well as the state's iron ore prices. Australian dollar exchange rate movements of the European session moves so weak against the US dollar, after opening higher at 0.7723 in early Asian trade, the Australian dollar exchange rate is now at 0.7657.

 

For subsequent trade to the American trading session this evening, analyst estimates that the AUDUSD pair is descending on to the range of 0.7651-0.7597. However, if not managed to achieve this range will be corrected back up to the 0.7698-0.7767 range.

[myregister]

Aussie exchange rate movements in European session (07:30:35 GMT / 14.30) strengthened against  US dollar, after the price opened higher at 0.7628 in early trading (0000 GMT), the Aussie exchange rate rose about 18 pips and rolling value for this papir is at 0, 7646.

 

Aussie based on Asian session could proceed earlier by profit-taking pressure due to the poor employment data Australia in September. But entering the European session the price of this pair rebound back by bargain hunting after the previous rally in three consecutive days, which get power from the strengthening of iron ore prices significantly.

 

Technically AUDUSD will rise to the range between 0.7654-0.7707, but if it does not penetrate these ranges and correction may put the price down towards 0.7615-0.7557. So the normal range of AUDUSD pair is estimated to have the support level at 0.7508 and the resistance level at 0.7747.

[myregister]

Aussie exchange rate movements in the Asian session to strengthen against the US dollar, after the price opened higher around 0.7610 in early trading, the price of Aussie observed to rise about 5 pips and the current value of this pair obseved to be rolling at 0.7615.

 

Australian against US Dollar managed to rebound after there was strong pressure after two consecutive days where Australian dollar obtained power from the rebound value of China's yuan currency who had previously participated pressing AUDUSD at last week's trading. Aussie rebounded amid lack of strong fundamental data driver of this pair.

 

Technically AUDUSD continued to ascend up to around the range between 0.7624-0.7670, but if it does not penetrate these ranges and correction down then the pair slid to 0.7585-0.7540. So the normal range of AUDUSD pair is estimated to have the support level at 0.7510 and the resistance level at 0.7698.

[myregister]

Australian dollar gained strength in early trading last week (24/10) continues it to European session , although the US dollar is strengthening against several of its main rivals. The sentiment that drove this afternoon AUDUSD pair obtained from the rising price of iron ore impact of rising crude oil prices and the strengthening yuan exchange rate stable against the dollar in the forex market.

 

Domestic prices of key commodities such as iron ore rose significantly which received support from the rebound in crude oil prices after earlier trading statement depressed attitude of Iraq will be the OPEC decision to cut crude production.

 

Australian dollar exchange rate movements on European session (09:50:45 GMT) moving strongly against the US dollar, after the price opened higher at 0.7612 in early Asian trade, the Australian dollar exchange rate is now rolling at 0.7640.

 

For the next session until the end of New York session next morning analyst estimates pair AUDUSD climbed steadily into the range of 0.7650-0.7687. However, if not managed to achieve this range then the price will be corrected back down to the range of 0.7587-0.7551.

[myregister]

Australian Dollar exchange rate movements in the Asian session observed to strengthen against the US dollar, after the price of this pair opened higher at 0.7645 in early trading, the Australian Dollar exchange rate rose by around 50 pips and roll values ​​are at 0, 7695. Pair already successfully passed a range of strong resistance.

Aussie at end of the Asian session resumed trading earlier rally that got the support of the Australian inflation data for the third quarter and increased from the previous quarter. These data give confidence to the RBA not to cut interest rates.

Technically AUDUSD continued up to the range of 0.7713-0.7734, but if it does not penetrate these ranges and correction down then the pair slid back into the 0.7650-0.7583 range. So the normal range of AUDUSD pair is estimated to have the support level at 0.7535 and the resistance level at 0.7735.

[myregister]

Australian Dollar's profit taking against US Dollar since Asian trading session on Thursday where the price continues to trade during European session after three days strengthening. Sentiment reported that weak chinese Industrial profit which is very strong and push AUDUSD. 

 

China is Australia's biggest trading partner countries so that all associated with the country of particular concern for market participants to trade in currency aussie.

 

Australian dollar exchange rate on European session (08:45:45 GMT) observed weakening against US dollar, after the price of this pair opened lower at 0.7648 in early Asia trading session (00:00 GMT), the Australian dollar exchange rate is now rolling at 0.7611.

 

For the next trading session to the end of US session tonight AUDUSD estimated to fall down to around the range between 0.7607-0.7572. But if the price failed to achieve that range in between the the price will corrected up to the range of 0.7651-0.7733.

[myregister]

Having successfully gained profit in the ending of last week's trading, Australian Dollar start the trading this week with rally its opponent, which is US Dollar. Until the European trading session (31/10) only aussie is able to strengthen against the US dollar compared to other major currencies globally. Aussie rally gained power derived from market sentiment will result RBA policy meeting tomorrow.

 

Australian dollar exchange rate movements on European session (11:00:45 GMT) moving strongly against the US dollar, after the price opened lower at 0.7591 early in the Asian trading session (00:00 GMT), the Australian dollar exchange rate is now rolling on the position of 0.7606.

 

For subsequent trade to the American trading session this evening,  AUDUSD may able to rise up to the range between 0.7622-0.7655. However, if not managed to achieve this range will be corrected down to the range of 0.7578-0.7530.

[myregister]

Australian Dollar exchange rate movements in the European session (7:45:35 GMT) moves stronger against US dollar, after this pair's price opening lower at 0.7659 in early trading (0000 GMT), and is now rolling AUDUSD at 0.7672.

Aussie on European session proceeded after receiving power from the report of Australia's foreign trade balance positive with a significant increase in exports. Sentiment also gains derived from the increase in crude oil prices and a weakening US dollar.

Technically, AUDUSD moved up towards the 0.7684-0.7708 range, but if it does not reach these ranges can go down again towards the 0.7633-0.7582 range. So according to some analyst the normal range of AUDUSD pair is estimated to have the support level at 0.7555 and the resistance level at 0.7745

[myregister]

Australian Dollar exchange rate movements in the European session (07:55:35 GMT) observed move weaker against US Dollar, after the price of this pair opened higher at around 0.7683 in early trading (0000 GMT), and the price is now rolling at around 0.7673.

 

Aussie on European session continue profit-taking that began in Asia after earlier trading had rallied 5 consecutive days. In early trading had opened strongly respond to the rise in retail sales, but the momentum of US dollar rebound ahead of US NFP data in October stronger pressing the pair.

 

Technically, the AUDUSD is moving up towards the range between 0.7675-0.7714, but if it does not reach these ranges can fall down towards the range between 0.7668-0.7612. So the normal range of AUDUSD pair is estimated to have the support level at 0.7594 and the resistance level at 0.7791

[myregister]

Australian Dollar exchange rate movements on European session (07:40:35 GMT / 15:40 GMT) consolidated against the US dollar, after this pair's price opened higher at 0.7681 in early trading (0000 GMT), fall down about 3 pips and the rolling value is at 0, 7678.

 

Aussie entered the European session with consolidation since the beginning of Asian session by the pull of sentiment rebound in crude oil prices and the strengthening US dollar momentum. US Dollar rose higher after the FBI revealed no new evidence to incriminate Hillary Clinton in a case that happened to him as a presidential candidate.

 

Technically AUDUSD pressured to 0.7653-0.7624 range, but if it does not penetrate those ranges the correction will happened where the price will rise to the range between 0.7693-0.7718. So analyst argued that the normal range of AUDUSD pair is estimated to have the support level at 0.7607 and the resistance level at 0.7741.

[myregister]

Aussie exchange rate movements on European session (08:40:35 GMT / 15:40 GMT) weakened against US dollar, after opening higher at 0.7762 in early trading (0000 GMT), the exchange rate fell 94 pips Aussie and rolling value is at 0, 7668.

 

Aussie entered the European session after trying to move positively respond to the movement of crude oil prices began to rise after a sharp correction to respond to the results of the US Presidential elections that had made US Dollars down. This recommendation applies to the Asian session tomorrow.

 

Technically AUDUSD attempted to climb to around 0.7706 and a break would further towards the range of 0.7739- 0.7792. But if it does not penetrate these ranges will fall back towards the range of 0.7648- 0.7575. So AUDUSD pair is estimated to have the support level at 0.7288 and the resistance level at 0.8060.

[myregister]

Australian Dollar exchange rate movements in the Asian session (03:25:35 GMT) moving strongly against the US dollar, after the price re-opened higher at 0.7636 in early trading (0000 GMT), and now the price of AUDUSD revolving around 0.7668.

Aussie observed on Asian session rebounded strongly after the previous trading fell quite badly against the US dollar. Aussie received a strong force of momentum weakening US dollar and sentiment release of economic data that was released after the market opened that the data of home loans, which increased from the data contraction the previous period.

Technically, the AUDUSD is moving up towards the range between 0.7679-0.7741, but if it does not reach that range then this pair's price will fall towards 0.7628-0.7531 range. So the analyst suggests that the normal range of AUDUSD pair is estimated to have the support level at 0.7514 and the resistance level at 0.7772

[myregister]

At the beginning of the Asian session forex trading Australian dollar exchange rate could move rebound pressure of 2 consecutive days who received positive sentiment from rising commodity prices which featured Australian iron ore and coal. But in the middle of the European trading session the weekend (11/11) responded weaken a resurgent US dollar weaker in the Asian session.

In addition to the strengthening of the US dollar, the Australian dollar this afternoon pressured by a continued decline in crude oil prices are depressed by fears the market will be the implementation of the policy of OPEC cut crude production member states later this month.

For subsequent trade to the American trading session this evening, analyst estimates AUDUSD pair further down to the support range of 0.7553-0.7533. But if there is a correction, then this pair may rise back towards the resistance range between 0.7635-0.7689.

[myregister]

Aussie exchange rate movements on European session (07:45:35 GMT / 14:45 GMT) to strengthen against the US dollar, after the price of this pair opened lower at around 0.7554 in early trading (0000 GMT), the Australian Dollar exchange rate rose about 2 pips and roll values ​​are at 0, 7556.

 

Aussie back in the European session after a bullish move in the Asian session on profit-taking pressure, the strength of the Australian dollar this afternoon to get energy from the minutes of the RBA meeting earlier in the month and also rally in crude oil prices.

 

Technically AUDUSD attempted to climb back into the range between 0.7588-0.7610 and if it does not penetrate these ranges will fall back towards the range between 0.7528-0.7495. So analyst argued that the normal range of AUDUSD pair is estimated to have the support level at 0.7479 and the resistance level at 0.7609.