AUD/USD Forecast: Bulls might lose the battle

United States News News

AUD/USD Forecast: Bulls might lose the battle
United States Latest News,United States Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Aussie seems to be losing its positive momentum after falling below 0.7100 AUD AUDUSD $AUD $AUDUSD

greenback’s broad weakness as the market’s mood remained sour. Macroeconomic figures pointed to slowing economic progress in the second quarter of the year, as inflation does not recede while coronavirus-related lockdown in China exacerbated supply chain issues. In fact, JP Morgan downgraded China’s growth forecast to 3.7% from 4.3% in 2022, while other research institutes followed suit.

The 4-hour chart shows that the pair remains above a bullish 20 SMA, which advances above a flat 100 SMA. The 200 SMA, however, maintains its bearish slope well above the current level. Finally, technical Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AUD/USD bounces off daily low under 0.7100 as options market flash upbeat signalsAUD/USD bounces off daily low under 0.7100 as options market flash upbeat signalsAUD/USD bounces off daily low under 0.7100 as options market flash upbeat signals By anilpanchal7 AUDUSD Options RiskAppetite Markets SwingTrading
Read more »

Gold Price Forecast: Real Yields, Weaker USD and Safe Haven Appeal Drive XAU/USD HigherGold Price Forecast: Real Yields, Weaker USD and Safe Haven Appeal Drive XAU/USD HigherGold is in a great space at the moment with almost all supporting markers favoring the yellow metal. Get your market update from WVenketas here:
Read more »

USD/CAD Forecast: USD Continues to Stabilize Against LoonieUSD/CAD Forecast: USD Continues to Stabilize Against LoonieThe US dollar initially pulled back a bit on Friday but then turned around to show signs of life again near the 1.28 level.
Read more »

EUR/USD Price Analysis: Bulls charge towards a critical weekly 50% mean reversion mile-stoneEUR/USD Price Analysis: Bulls charge towards a critical weekly 50% mean reversion mile-stoneAs per the start of the week's analysis, EUR/USD Price Analysis: Bulls are taking over through key daily resistance, the price has continued higher as
Read more »

EUR/USD Price Analysis: Bulls hold gains on prolonged consolidation breakout, 1.0800 eyedEUR/USD Price Analysis: Bulls hold gains on prolonged consolidation breakout, 1.0800 eyedEUR/USD Price Analysis: Bulls hold gains on prolonged consolidation breakout, 1.0800 eyed By Sagar_Dua24 EURUSD Technical Analysis SupportResistance Momentum
Read more »

USD/INR Price News: Rupee bulls eye 77.50 on India’s fuel tax relief, firmer sentimentUSD/INR Price News: Rupee bulls eye 77.50 on India’s fuel tax relief, firmer sentimentUSD/INR Price News: Rupee bulls eye 77.50 on India’s fuel tax relief, firmer sentiment By anilpanchal7 USDINR RiskAppetite Fed Inflation Currencies
Read more »



Render Time: 2025-02-12 13:54:47