Australian Dollar Fundamental Analysis.

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Australian Dollar exchange rate movement on Asia session strengthened against the US dollar, after this pair's price opened lower at 0.7479 in early trading (0000 GMT), It seems that Australian Dollar exchange rate rise about 3 pips and the rolling values ​​are at 0,7482.

 

On Asia session Aussie consolidated by the pull of sentiment mixed economic data, the employment data rose below expectations and unemployment data coming down from the previous period. Australian Dollar amplifier sentiment from rising crude oil prices is trying to add strength.

 

AUDUSD attempted drove into range between 0.7508-0.7571 and if it does not penetrate these ranges will fall back towards the range between 0.7459-0.7407. So it could be argued that the normal range of AUDUSD pair is estimated to have the support level at 0.7372 and the resistance level at 0.7812.

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Australian Dollar exchange rate movements on Asian session (02:00:15 GMT / 09.00) weakened against the US dollar, after this pair opened higher at 0.7408 in early trading (0000 GMT), the exchange rate fell about 19 pips and Aussie is rolling at 0,7389.

Aussie on Asian session remained pressured by weakness in crude oil prices, depressing prices of Australia's leading commodities like copper and coal. Pressure is also getting stronger responding Janet Yelen statement before the US Congress overnight.

Technically, AUDUSD will fall down to the range between 0.7372-0.7310 and if not then the pair expect a correction towards the 0.7423-0.7478 range.So the analyst suggests that the normal range for AUDUSD pair is estimated to have the support level at 0.7308 and the resistance level at 0.7510.

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Aussie exchange rate movements seems weakened against the US dollar, considering that after the price opened at lower level or around 0.7330 in early trading (0000 GMT), the exchange rate fell 19 pips and rolling value is at 0,7328.

Australian Dollar on Asia session seems remained pressured by the weak commodity price since Australia's leading iron ore and coal that would affect the currency a lot. Pressure also comes from the strong fundamentals that reduce the rate of the US dollar AUDUSD pair subsequently.

Technically, AUDUSD will fall down towards 0.7308-0.7310 but if there is correction price will rise to towards 0.7423-0.7478. So it could be argued that the normal range for AUDUSD pair is estimated to have the support level at 0.7223 and the resistance level at 0.7441.

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Australian Dollar exchange rate movements in the Asian session (04:25:35 GMT) moving weak against the US dollar, after this price's pair opened lower at 0.7384 in early trading (0000 GMT), and is now rolling at 0.7375 AUDUSD.

Aussie on asian session trading under increasing pressure from weakening further even if there is positive sentiment that seeks to lift AUDUSD pair. Namely rising commodity prices such as leading copper and iron ore. But sentiment Fed rate hike continued to weigh on the pace of this pair.

Technically, the AUDUSD is moving down towards the range between 0.7350-0.7305, but if it does not reach these ranges may rise towards 0.7398-0.7443 range. So AUDUSD pair is estimated to have the support level at 0.7279 and the resistance level at 0.7480.

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Enter the European session Australian Dollar managed to extend the rally that has been formed the previous trading. Taking a foothold weak US dollar made strong rally for Aussie in six trading days. To travel this week, AUDUSD is gain weekly gain after two straight weeks of depressed.

Australian Dollar rally also gained from higher gold prices boosted metal prices were also a mainstay of the country's commodities such as copper amid falling crude oil prices. Copper prices in international commodity markets today was appreciated 1.07% and spot gold prices rose 0.74% LLG now.

Aussie movement that seeks rally since the Asian session started truncated in the middle of the European trading session on Wednesday (23/11) by the market sentiment will hold data sheet of the Fed meeting this month. Markets expect a strong signal the central bank raising interest rates in the United States meeting in December.

The weak US dollar is strong foothold to jump after a few days many pressing global currencies after rising expectations of Fed rate hike expectations in December. For the next trading session to trade in the US tonight, AUDUSD pair will go up to the range of 0.7483-0.7502. But if the retreat will be down to around 0.7386.

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Australian Dollar Exchange rate movements on Asia session observed strengthening against US Dollar after the price opened lower at 0.7445 in early trading, Aussie exchange rate in this seesion has been rose around 33 pips and the rolling values are at 0,7478.

Aussie on Asia session was able to resume the previous trading rally, supported by rising commodity prices featured the country. This morning received the strength of the pressure experienced by the US dollar.

Generally, AUDUSD rise towards the range of 0.7494-0.7531 and if the pair breaks 0.7531 then will rise further towards the range of 0.7534-0.7579. So analyst argued that the normal range for AUDUSD pair is estimated to have the support level at 0.7335 and the resistance level at 0.7534.

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Amid the strong dollar exchange rate against its Rivals on Asia session in recent weeks made a fortune as a hedge for Australian Dollar, but on the other hand could have been depressed by the depletion of the capital of China as a major trading partner of the country. And as one of the exchange rate of Asia Pacific region, the Australian dollar was able to move stronger against the US dollar also supported by strengthening commodity prices.

At the beginning of Asia session, Australian dollar exchange rate could move strongly by rising crude oil prices ahead of the European session but was cut by the decline in crude oil prices around the world . Other than that Yuan exchange rate under pressure from US dollars so little give fears the stagnant business between the two countries ,

For subsequent trade to the American trading session this evening, analyst estimates AUDUSD pair may be driven down to the range of 0.7451-0.7419 which act as the 1st and 2nd support line . And if there is a correction back will rise towards the range between 0.7507-0.7523.

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Sentiment rising crude oil prices and drives strong for the Australian dollar exchange rate against all major rivals, AUDUSD pair was not able to lift the European trading session on Wednesday is being depressed since Asia session. Crude oil prices are being observed higher amid anticipation the results of an OPEC meeting in Vienna-Austria today.

AUDUSD pair experienced selling pressure on sentiment Chinese trading conditions occur throughout the day. Weak consumer sentiment Westpac MNI reports this morning makes domestic stock markets and currency tumbled including commodity trading. Besides its superior commodity prices such as copper weakened and monitored the Chinese market to sell its iron ore futures market that plummeted.

For subsequent trade to the American trading session this evening, Analyst estimates that AUDUSD seems will fall down to the range of 0.7448-0.7398. But if there is a revision will rise towards 0.7502-0.7529 range.

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The movement of AUDUSD pair who managed a strong rebound on Tokyo Session until the early European trading session, trimmed back burdened by the collapse in the price of iron ore is quite severe. Aussie strength previously obtained from the rally in crude oil prices and the consolidation of the release of Chinese manufacturing data on Asian session.

The drop in the price of iron ore as Australia's leading commodity in the commodity market of European session weighed down LME Chinese government policies that restrict the import quota. China is Australia's largest consumer of a commodity, thus burdening trade restrictions on imports of the country. Iron ore prices in LME monitored tumbled 8 percent more than the previous trade.

For subsequent trade to the American trading session this evening, many analysts estimate that AUDUSD pair may further fall down to the range of 0.7448-0.7398. But if there is a revision will rise towards 0.7502-0.7529 range.

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Australian Dollar exchange rate movements on European session (07:25:35 GMT) was moving weak against the US dollar, after the price of this pair opened higher at 0.7414 in early trading, and AUDUSD is now rolling at 0.7408.

Aussie weaken on European session as the impact for trying to cut that occurred some time after Asia markets opened. AUDUSD under pressure selling by commodity prices featured the country after the decline in crude oil prices. Positive sentiment data releases Australia's retail sales rose in November, exceeding expectations could not trim the weakening that occurs.

It seems that generally AUDUSD would fall down to the range of 0.7396-0.7325, but if it does not reach that then it may rise towards 0.7433-0.7466. So the analyst suggests that the normal range for AUDUSD pair is estimated to have the support level at 0.7326 and the resistance level at 0.7490.

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Surging crude oil prices in the middle of the European trading session on Monday to lift Australia's leading commodity exchange was not able to lift ADUSD. The drop in the Australian dollar received a negative sentiment of the bond yields decline in those countries.

Crude oil prices rose after a successful jump from the weak Asia session, rising to its highest level since July 2015. Likewise trade drive the other pair, the price of copper and iron ore in the international metal market indicate an increase in the price of the previous trade.

Australian dollar exchange rate movements on European session depressed against US Dollar, after having opened higher at 0.7453 in early Asian trade session, the Australian dollar exchange rate is now rolling at around 0.7421.

For the next session to the end of American trading session this evening, analysts estimate AUDUSD pair may rebound to the 0.7467-0.7498 range which is the resistance. If the correction pair this afternoon did not get through the range of support between 0.7400-0.7373.

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After the Reserve Bank of Australia (RBA) decided to keep the monetary policy or position of the interest rate in line with expectations of economists and markets, the rate of the previous trading the Australian dollar can not continue. Aussie natural profit taking after 3 days of rally weigh Australia Q3 GDP data release in a few hours.

The Australian Government will announce Q3 GDP data which period the country is expected to show a decrease in the data from the previous quarter. This sentiment weakens some strong driving commodity currencies, such as the strengthening of crude oil prices and the increase in commodity prices excellent.

For subsequent trade to the American trading session this evening, many analysts estimates that AUDUSD pair may even falling down further to the range of 0.7419-0.7398. But if there is a revision to that increase then the pair may fall towards the range of 0.7496-0.7523.

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Australia's Office of National Statistics (ABS) Wednesday morning (7/12) announced less encouraging news for the country's economic growth which reported moderately severe contraction from the previous quarter. After the announcement of Australia's GDP Q3-2016, Australian Dollar profit taking which happened earlier trade continued through the Asian session.

Australia Q3 GDP dropped to 0.5% while the previous quarter and the market consensus of 0.6% down to 0.2%. As response to this data, AUDUSD pair more depressed than the previous trade. Additionally pair is burdened by the drop in oil prices after the previous trading declined.

For subsequent trade to the American trading session this evening, Many analysts estimated AUDUSD may fall down further to the range of support between 0.7407-0.7370. But if it does not penetrate these ranges, the pair may tried to climb into the range of resistance between 0.7480-0.7507.

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Many have wondered why the Australian dollar exchange rate movements are still able to rally despite a lot of negative sentiment strong attempt to weaken the currency. Starting from the sentiment of the country trade data release in October decreased, the release of Chinese trade data also decreased, falling prices of crude oil and commodities excellent.

Besides seeing the kangaroos domestic bond trading, bond yields are actually being decreased by 6 basis points to bond the 10th. Analysts viewed as currencies that have higher yields in Asia, the Australian dollar rally to get energy from the growing trade in riskier assets ranging from Wall Street to Asian session.

For subsequent trade to the American trading session this evening, It seems that analysts estimate AUDUSD has a chance to continue rise to around the range of 0.7526-0.7563. But if not then the pair breaks this range will drop to the range of 0.7464-0.7427.

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Amid the strength of the US dollar against its main rivals, Australian Dollar managed to rise by a moderate movement after opening lower on Asian session. The rally in crude oil prices become the driving force AUDUSD advance, which makes the country's leading commodity price increases.

Power rebound predecessor came from the increase in Chinese inflation data released during Asia session showed an increase in the data from the previous period. Likewise, manufacturers' data or the Chinese domestic PPI rose more than expected. After the power increases with the price of iron ore and copper in the international commodity markets.

For subsequent trade to the end of the New York session this evening it seems that analysts estimated that AUDUSD may keep rising towards the range between 0.7504-0.7563. But if not then the pair will fall down towards the range of 0.7435-0.7375.

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The Chinese Government has just announced several economic data is Nvember month period on Tuesday (13/12) by showing satisfactory data beyond what was previously thought. The strength of this data is usually able to make speeding aussie dollar against the US dollar and other rivals, but what happens towards the end of the Asian session retreat.

In November, the Chinese data, retail sales data is gaining higher data. Industrial production data also experienced an increase from the previous period but for the investment data remains unchanged. Retail sales data and industrial production is a major driving force for the Australian Dollar.

For subsequent trade to the American trading session this evening, analysts estimated that further AUDUSD has chance to retreat to the range between 0.7480-0.7439. But if not then the pair breaks this range will rise again to the range of 0.7525-0.7545.

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The drop in the Australian dollar exchange rate to fall to its lowest in 12 days after the Fed rate hike is not resumed trading on Thursday, because this kangaroo country currency has a higher yield in the Asia Pacific region. Besides the shot from the rebound in crude oil prices and solid economic data.

Australian Statistical Office (ABS) announced labor market performance data remarkable improvement, even if the unemployment rate increases, but the increase of labor increased 2-fold from the previous period even high expectations. Likewise, the price of Crude oil rose from 5-day lows.

For subsequent trade to the American trading session this evening, analysts estimated that AUDUSD continued may rise towards the range of resistance between 0.7443-0.7472. But if not then the pair may corrected for a while and fall towards 0.7373-0.7354.

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Australian dollar weaken by extending the strong US dollar trading post increase in US inflation data for November and force the Federal Reserve interest rate hikes that create the highest peak rose the most in 13 years. The high price of crude oil and commodities overnight superior also not able to lift the AUDUSD pair.

Early Asian session on Friday (16/12), AUDUSD attempted rebound back take a foothold on the rally in crude oil prices were thin, although the magnitude of China's trading partners were naturally exhausted after a Fed rate hike by 25bp in yuan back plummeted this morning.

Australian dollar exchange rate movements of the Asian session consolidate against US dollar and to a subsequent trade to the American trading session this evening, analysts estimated AUDUSD tried to climb into the resistance range between 0.7386-0.7416. But if failed this pair may fall to the support range between 0.7336-0.7314.

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Australian dollar exchange rate are trying to get out of the bearish pressure for 5 consecutive days such sentiments hampered by some correction in crude oil prices, the minutes of the RBA meeting in November, and the strength of Janet Yellen hawkish statements against the US dollar. 

In early trading power aussie got the rebound from the current surge in crude oil prices after the opening of the retreat back. Within minutes of the RBA meeting last month shows that monetary policy is not likely to change the focus of Australia's central bank to stabilize the economy by increasing inflation. 

While Janet Yellen statement that gives strength to the dollar, suggesting the prospect of labor market and wage rates increased US. For subsequent trade to the American trading session this evening, analysts estimates AUDUSD will attempt to climb towards the resistance range between attempted 0.7263-0.7304.

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As the exchange of commodities, the Australian dollar got a very strong selling pressure amid weak US dollar against many of its main rivals in overnight trading (21/12). As has been reported previously, weakening commodity exchange was triggered by the drop in world crude oil prices after US crude supply report.

But trading on Asia session on Thursday Australian Dollar opened lower back positive move by the rebound in crude oil prices ignored the negative sentiment earlier trading. Besides the US dollar is also a natural selling pressure against opponents. For the next trade until the evening session is expected to be a correction back by the release of US GDP data Q3-2016.

Australian dollar exchange rate movements is moving strongly against the US dollar, after opening lower at 0.7237. For subsequent trade to the American trading session this evening, AUDUSD pair will be trimmed to the suppor range between 0.7223-0.7190

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Australian Dollar exchange rate against the US dollar last week returned a large natural attenuation continued pressure by the previous trading sentiment in addition to crude oil price movements. Because last week the price of crude oil is precisely the natural rebound of movement last week.

 

The drop in the aussie dollar last week received the negative sentiment on the US dollar gains momentum when the US GDP Q3 reportedly exceeded expectations, so the pair is getting plunged into the worst position since January. There was also strong pressure drop in the price of iron ore by the end of last week's trading.

 

AUDUSD dropped were significant enough since this pair fall down about 1.7 percent to 0.7175 after the start of the week it opened at 1.7285. For the movement of trading this week, analysts suggests that this pair may reached the support level at 0.7149 and 0.7313.

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Having managed to reduce the strength of USD against Australian dollar in early trading last week, Aussie rallied back showing the movement that responds to the development of the gold price also increased significantly the last few days. Observed Australian dollar strengthened against several rivals.

Previous trading aussie got a strong foothold apart from the rally in gold prices was also obtained from the crude oil price rally that is long enough until 3 consecutive days. But this morning tracked oil prices fell again, but do not block the aussie rally entered keduia consecutive days.

AUDUSD exchange rate movements on Asian session was bullish, after opened higher at 0.7184. For subsequent trade to the end of NY session this evening, analysts estimated that AUDUSD may fall down towards the resistance range between 0.7164-0.7140.

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Increased growth in Chinese manufacturing end of 2016, providing a strong impetus for the Australian currency on Tuesday's trading session this afternoon (03/01). A measure of manufacturing growth in China's private sector to maintain a steady pace of expansion in December, strengthening the solid growth in the fourth quarter for the second largest economy in the world.

Caixin manufacturing purchasing managers' index (PMI) of China came at 51.9 in December, compared with 50.9 the previous month and well above forecasts for a slight decrease at 50.7. A reading above 50 indicates expansion, while a figure below 50 signals contraction.

For subsequent trade to the American trading session this evening, many analysts estimated that AUDUSD will continue to rise towards the resistance range between 0.7248-0.7285. But if there is a correction, then this pair has chance to going down towards the support range between 0.7178-0.7143.

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Mixed prices of world commodity on European market, do not make Australian dollar rally against several rivals including US dollar. AUDUSD rally momentum strength since trading two days earlier bolstered by reports of performance data for the Chinese service sector PMI reported on Asia session.

AUDUSD still trying rise caused by strong bullish sentiment was pressured by some as the decline in oil prices of crude on international market that threatens the superior commodity markets in the LME market tonight. Besides what driving the strong Australian dollar is lifting gold price increase is significant in three consecutive days.

For subsequent trade to the end of American trading session this evening, many analysts estimates that AUDUSD is being depressed towards the resistance range between 0.7268-0.7219. But if there is a correction, pair may fall back towards the support range between 0.7336-0.7393.

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The movement of Australian dollar which had a negative sentiment on Asia session by the slump in copper prices is very significant, managed to rebound back in the middle of the European trading session the weekend (6/1) by sentiment strengthening crude oil prices tumbled early trading.

By correcting the early Asian session weakness, it makes AUDUSD tried to move the rally that has lasted for three consecutive days. And during the American session rally AUDUSD growing louder by the negative sentiment overshadowing US dollar.

For subsequent trade to next session this evening, many analysts estimated that AUDUSD will rise towards the next resistance range between 0.7373-0.7420. But if there is a correction where price likely to fall to the the range of 0.7307-0.7278.