AUD/USD forecast for today by Traders Union analysts
The AUD/USD currency pair is one of the major pairs for trading in the Forex market. This is due to it being popular among investors and traders. Traders Union analysts prepare the AUD/USD price prediction for today and each trading day so that you could monitor the AUD/USD price chart online. The price prediction is based on the technical analysis of the Forex market.
AUD/USD may continue to rise
16.05.2024
After breaking 0.6650-0.6665 resistance following the release of the American CPI, the Australian dollar continued to rise against the U.S. dollar, reaching the 0.6693 level. Breaking 0.6665 confirms the pair's outlook improvement and indicates a growth toward 0.6720-0.6730. Losing 0.6665 support will lead to a decline toward 0.6650-0.6630.
AUD/USD maintains a positive outlook
15.05.2024
The Australian dollar was bought against the U.S. dollar on the dip to the 0.6580 mark, but bulls still cannot break the 0.6625 resistance. Demand persists during pullbacks, indicating a potential breakout of this resistance and a growth in the Australian dollar toward 0.6650-0.6670. Losing the 66th figure will increase the risks of breaking 0.6580.
AUD/USD is still in demand
14.05.2024
Yesterday, the Australian dollar showed positive movement against the U.S. dollar, reaching 0.6625 resistance. However, profit-taking on long positions pushed it back to 0.6605 support. Further attempts by bulls to break resistance are possible from this support. The loss of support will lead to a decline toward 0.6580-0.6560.
AUD/USD remains below 0.6620
13.05.2024
For bulls on the Australian dollar against the U.S. dollar, 0.6620 resistance proved insurmountable. On pullbacks to 0.6600 support, it was bought, but the inability to break resistance increases the risks of breaking support and falling toward 0.6560-0.6540. Breaking resistance will lead to a growth toward 0.6650.
AUD/USD is bought from support
10.05.2024
The Australian dollar, bought against the U.S. dollar from 0.6565 support, rose to 0.6620 resistance, supported by demand for risky assets and a decrease in the U.S. government bond yields. Breaking the current resistance will allow testing the 0.6640 resistance. Losing 0.6600 support will increase the risk of breaking 0.6565 and falling toward 0.6540.
AUD/USD continues decline
09.05.2024
Remaining under pressure, the Australian dollar broke 0.6590 support yesterday and declined to 0.6560 support against the U.S. dollar. Current attempts to rise are limited by 0.6585 resistance, indicating risks of breaking support and declining toward 0.6540-0.6520. Breaking resistance will lead to a growth toward 0.6600-0.6620, where the Australian dollar may be sold again.
AUD/USD retreats to 0.6590 support
08.05.2024
Yesterday the Australian dollar again tested 0.6640 resistance against the U.S. dollar, where it faced pressure again, leading bears to test 0.6590 support. Attempts may be made to break resistance. The loss of support will lead to a decline toward 0.6560-0.6540. The bullish sentiment in the stock markets supports the ongoing demand for the Australian dollar.
AUD/USD tries to return to Friday's high
07.05.2024
The Australian dollar climbed to 0.6650 against the U.S. dollar on the heels of disappointing the U.S. NFP, but later retreated to find 0.6610-0.6600 support. Rising stock indices support demand for the Australian dollar, and bulls may retest Friday's high again. Breaking support will lead to a decline toward 0.6560. The U.S. dollar can still resume its rise.
AUD/USD approaches 0.6600
03.05.2024
The Australian dollar was bought against the U.S. dollar on a pullback to 0.6520 support, leading to a break of 0.6545 resistance and a rise to 0.6570. The return of risk appetite may lead to breaking 0.6580 resistance and the pair's rise toward the 66th figure at least, but the Australian dollar's recovery may still be used for selling.
AUD/USD rises after decline
02.05.2024
The Australian dollar was bought from 0.6465 support against the U.S. dollar, leading to its rise to 0.6540 resistance. Its recovery may again be used for selling, but breaking the current resistance will lead to a growth toward 0.6560-0.6580.
AUD/USD is being sold off
01.05.2024
The rise of the Australian dollar against the U.S dollar was limited by 1.6570-1.6585 resistance, sales from which led to its decline to the 0.6470 level. Therefore, the outlook for the pair remains pessimistic, and bears may evaluate 0.6440-0.6420 support levels. Surpassing 0.6490 will lead to a growth toward 0.6520.
AUD/USD is moving higher
30.04.2024
The Australian dollar is in moderate demand against the U.S. dollar, supported by attempts to recover stock indices and rising copper prices. Breaking 0.6550 resistance, it rose to the level of 0.6585, but ahead of the FOMC meeting, investors are not rushing to sell the U.S. dollar, so after testing this level, the Australian dollar returned to 0.6550 support. The demand remains steady during declines, along with the potential for a growth toward 0.6600-0.6630. Losing support will lead to a decline toward 0.6520-0.6500.
AUD/USD concluded the week near 0.6550, risks of a resumption of decline persist
29.04.2024
Maintaining a positive outlook, the Australian dollar tested 0.6550 resistance against the U.S. dollar on Friday, after which it retreated to support at 0.6520. A strong U.S. RSE Index may encourage the Australian dollar bulls to buy it, so it may move back toward 0.6490 support as a minimum. Breakout of resistance will lead to an upward movement toward 0.6570-0.6580.
AUD/USD is bought again from 0.6490 support
26.04.2024
The decline of the Australian dollar from 0.6535 resistance was halted by buying interest at the 0.6490 level, after which the Australian dollar is again approaching resistance, increasing the chances of its breakout and a growth toward 0.6560-0.6580.
AUD/USD is under moderate pressure after rise
25.04.2024
Being under moderate pressure, the Australian dollar yesterday declined to 0.6485 support against the U.S. dollar. Risks of resuming the decline still exist, and attempts to a growth toward 0.6550-0.6570 may be used for selling the pair. Rising inflation in Australia reduces the likelihood of RBA's early easing of monetary policy, which in the short term may support the Australian dollar.
AUD/USD continued to recover
24.04.2024
The risk appetite that returned to investors contributed to the further recovery of the Australian dollar against the U.S. dollar, which resulted in testing the 0.6490 resistance. The next target for bulls could be 0.6500-0.6510 resistance, but the Australian dollar remains vulnerable and bears may sell it again at a better price.
AUD/USD is attempting to move higher
23.04.2024
Amid the recovery of stock indices, the Australian dollar remains positive in the pair with the U.S. dollar, which was also supported by the publication of the minutes of the last RBA meeting, according to which the central bank intends to keep the interest rate at the current level. Having established 0.6430 support, the Australian dollar is trying to break 0.6450 resistance, which will lead to a growth toward 0.6480-0.6500, but attempts at its rise may still be used for selling.
AUD/USD returned to 0.6430 after falling
22.04.2024
Investor flight from risky assets triggered the liquidation of the Australian dollar positions, causing it to plummet against the U.S. dollar to 0.6365 support, but it soon recouped most of these losses, returning to 0.6430 resistance. Selling interest may endure on the rise, and bears may retest Friday's lows. Breaking resistance will prompt a growth toward 0.6450, where the Australian dollar may be sold again.
AUD/USD is declining after a pullback
19.04.2024
The pullback of the Australian dollar against the U.S. dollar was also used for selling, and after testing 0.6455 resistance, it dropped to support at 0.6420. Next, bears may retest support at 0.6400-0.6390. Breaking through 0.6430 will allow testing 0.6455.
Australian dollar/US dollar attempts recovery
18.04.2024
The Australian dollar remains vulnerable against the U.S. dollar, but 0.6400 support continues to hold back bearish pressure. Attempts at growth, however, are currently limited by resistance at 0.6440. The bulls' inability to break support increases the chances of breaking this resistance and rising toward 0.6460-0.6480, but on growth, the Australian dollar may be sold.
Australian dollar/US Dollar decline continues
17.04.2024
Investors continue to exit risky assets, the Australian dollar being one of them. Therefore, its price against the U.S. dollar continues to decline, with bears testing the support level of 0.6400. Breaking the support will lead to a further decline to the level of 0.6360-0.6340, which at this stage seems like the most probable course of events; passing the level of 0.6420 will lead to a decline toward 0.6450.
Aussie/dollar on its way to 0.6400?
16.04.2024
After pushing away from support around 0.6460 in pairing with the US Dollar, the Aussie Dollar pulled back towards 0.6490 resistance where it was sold again and the bears, breaking support, tested the 0.6440 level for now. The next potential target for the bears could be the 64 figure; a break of the 0.6460 resistance now would lead to a rise towards 0.6480-0.6490. Upside pullbacks can still be used for selling.
Aussie/dollar broke through the support at 0.6500
15.04.2024
Anti-risk sentiment reigns in the financial markets, and stock indices resumed falling, which negatively affects the dynamics of the Australian dollar and led to a break of support near the 65th figure and a decline to 0.6456, where the weekly close took place. Bears may test 0.6440-0.6420 support next; a break of 0.6480 will allow the bulls to test the 65 figure as resistance.
Aussie/dollar remains under pressure
12.04.2024
The Australian dollar remains under pressure from sellers, but the bears failed to break the support around 0.6510-0.6500 yesterday. The nearest resistance is at 0.6550, below which risks of support breakdown and decline towards 0.6470-0.6450 prevail; passing the resistance will lead to growth towards 0.6575. The RBA may start lowering the interest rate ahead of the Fed, which may pressure the Aussie.
Aussie/dollar back to 0.6500
11.04.2024
The Australian dollar sold for the US dollar broke several support levels and collapsed to the 65th figure, which increases the risks of its breakdown and declines towards 1.6480-1.6460. Growth attempts are again possible from the current levels, but they can be used for selling.
Aussie/dollar is in moderate demand
10.04.2024
The Australian dollar was repurchased from support around the 66th figure in the pairing with the US dollar, but it sold off from resistance at 0.6645, bringing it back to support at 0.6615. Stock indices are trying to resume growth, which is positive for the Aussie, but if the correction continues and/or US inflation accelerates, it could break 0.6600 and fall to support at 0.6570-0.6550. Breaking through the resistance will lead to growth towards 0.6660-0.6680, where bears' activation is possible.
Aussie/dollar continues to recover
09.04.2024
The propensity of investors to risk contributes to the preservation of demand for the Australian dollar in the pair with the US dollar, against which the resistance in the area of 0.6610 was tested, which at the moment successfully coped with its task. It is not necessary to talk about the trend reversal yet, but next, bulls can test the resistance in the area of 0.6620. Below this level, the risks of decline resumption remain, and its breakdown will lead to growth in the direction of 0.6660.
Aussie/dollar bought from 0.6550; downside risks persist
08.04.2024
Aussie/USD selling from resistance near 0.6590 led to its fall towards 0.6550 support, where buying interest was noted, bringing the pair back to 0.6590 resistance. Nevertheless, below 0.6590, downside risks towards 0.6530-0.6500 will remain high; passing this resistance will allow the bulls to attack 0.6620 resistance, where the Aussie could sell off again.
Aussie/dollar moved higher but sold off from resistance at 0.6615
05.04.2024
Continuing its recovery against the US dollar, the Aussie dollar moved up to resistance around 0.6615, but the anti-risk sentiment was the reason for its selling, which caused it to test support at 0.6580. The bulls may try to bring it back above 0.6600 again, but in case of further correction of stock indices, the Aussie may decline to 0.6560-0.6540.
Aussie/dollar recovers after the fall
04.04.2024
Liquidation of short positions on the Australian dollar in the pair with the US dollar continued yesterday, contributing to the breakdown of resistance near 0.6520 and the growth of the Aussie to 0.6570. Its recovery can still be used for selling, while growth to 0.6580-0.6600 should not be ruled out.
AUD/USD chart
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Why is it important to know the AUD/USD price prediction?
Traders Union research determined that the AUD/USD is one of the most popular currency pairs among Forex traders and investors and it is in the group of major pairs. The Australian dollar is the base currency of the pair. It means that when the pair increases, the AUD strengthens and the USD weakens in it. When the pair declines, the Australian dollar weakens and the US dollar strengthens. The AUD/USD pair is suitable for novice traders, as it has an active, but not very high level of volatility, which provides you with time to make a trading decision. The peak of the AUD/USD volatility falls on the period from 19:00 to 04:30 (GMT) due to the trading schedule at the Australian exchange (ASX).
FAQ
1
What is the AUD/USD price prediction based on?
The AUD/USD price predictions are based on technical analysis of the Forex market, with Traders Union financial experts using such instruments as indicators, patterns and support and resistance levels. This allows them to make a rather accurate AUD/USD price movement forecast and provide Traders Union traders the most up-to-date AUD/USD price prediction.
2
What is technical analysis in the Forex market?
Technical analysis is a method of predicting the change in the price of a financial instrument based on its historical data obtained previously on this instrument. As a rule the actions of traders are cyclical in nature, which is taken into account by financial experts when they predict currency prices, AUD/USD price in particular.
3
Can the AUD/USD price prediction be trusted?
Every AUD/USD price prediction is made by Traders Union financial experts with colossal professional experience. However, unplanned events and news may impact the price performance of Forex instruments, which needs to be taken into consideration when building a trading strategy.
4
What impacts Australian dollar price against the US dollar
The AUD/USD price is influenced by the following:
- Internal events at the Australian exchange (ASX);
- Policies of the central banks of Australia and the U.S.;
- Dynamics of export-import transactions of the countries;
- Inflation in the U.S. and Australia;
- Statements of the Australian and U.S. officials;
- General trends in the global financial markets and in the Forex market in particular.
- Internal events at the Australian exchange (ASX);
- Policies of the central banks of Australia and the U.S.;
- Dynamics of export-import transactions of the countries;
- Inflation in the U.S. and Australia;
- Statements of the Australian and U.S. officials;
- General trends in the global financial markets and in the Forex market in particular.