AUD/USD climbs to 15-day highs, inches closer to 0.70

  • Broad-based greenback weakness helps the pair push higher.
  • Focus today remains on FOMC Chairman Powell's speech.
  • RBA's Bullock refrained from commenting on the policy outlook.

The AUD/USD pair extended its rally on Tuesday and continued to push higher amid the persistent selling pressure surrounding the greenback. As of writing, the pair is trading at its highest level in more than two weeks at 0.6970, adding 0.15% on a daily basis.

The lack of macroeconomic data releases from Australia during the Asian session on Tuesday allowed the greenback's market valuation to continue to drive the pair's price action. Earlier today,  Reserve Bank of Australia (RBA) Assistant Governor (Financial System) Michele Bullock didn't touch on the RBA's next policy move. Hurt by the heightened odds of the Fed opting out either for a 50 basis points or a 25 basis points rate cut in July, the US Dollar Index slumped to its lowest level in more than three months at 95.84. 

Ahead of the Conference Board's Consumer Confidence Index and new home sales data from the U.S., the US Dollar Index is moving sideways near the 96 mark. 

During his prepared speech earlier today, NY Fed President Williams didn't comment on the policy outlook or the current state of the economy. Later in the day, FOMC Chairman Powell will be speaking on the monetary policy and could trigger a fresh USD-selling wave if he keeps his dovish tone and doubles down on rate cuts.

Technical levels to consider


Today last price 0.6972
Today Daily Change 0.0010
Today Daily Change % 0.14
Today daily open 0.6962
Daily SMA20 0.6933
Daily SMA50 0.6975
Daily SMA100 0.7042
Daily SMA200 0.7108
Previous Daily High 0.6969
Previous Daily Low 0.6926
Previous Weekly High 0.6938
Previous Weekly Low 0.6831
Previous Monthly High 0.7062
Previous Monthly Low 0.6862
Daily Fibonacci 38.2% 0.6953
Daily Fibonacci 61.8% 0.6942
Daily Pivot Point S1 0.6936
Daily Pivot Point S2 0.6909
Daily Pivot Point S3 0.6893
Daily Pivot Point R1 0.6979
Daily Pivot Point R2 0.6995
Daily Pivot Point R3 0.7022



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. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Trapped in a bull flag on 4H chart

EUR/USD's pullback from Oct.21's high of 1.1179 to 1.1106 has taken the shape of a bull flag on the 4-hour chart. A bull flag represents a pause which usually refreshes higher. A breakout would open the doors for 1.1320. A 4-hour close above 1.1134 would confirm a flag breakout.


GBP/USD: Modestly changed to 1.2915 amid fears of UK election

Despite mounting speculations of a general election in the UK, GBP/USD clings to 1.2915 during early Thursday morning in Asia. No major British data highlights the US economic calendar, trade/Brexit news as the key catalysts.


USD/JPY declines to 108.60 amid fresh risk aversion, all eyes on the ECB

With the recent uncertainty surrounding the UK’s politics crossing wires, USD/JPY steps back from the previous rise to 108.60 as Tokyo opens for Thursday’s trading session.


Gold climbs higher toward $1,500 on risk-aversion

The XAU/USD pair gained traction on Wednesday and rose toward the upper-limit of its two-week-old range near the critical $1,500 handle supported by risk-off flows.

Gold News

If you are a "Hodler" here is where you could find support in Bitcoin

Today the price of Bitcoin fell and the price is now headed toward the 7,310.00 support used as a resistance zone on the week of the 3rd September 2018.

Read more