AUDUSD sustaining on daily support.
AUDUSD was down on Wednesday after testing the high level of 0.6581 in the last trading session as The Australian dollar hovered around $0.653 on Wednesday, staying near its weakest levels in three months as the US dollar continued to gain strength, fueled by "Trump trades." These trades reflect market bets that Trump’s inflationary policies will constrain the Federal Reserve’s ability to lower borrowing costs. The aussie was also pressured by declines in iron ore, copper, gold, and oil prices, given Australia's status as a net exporter of commodities.
Recent News
WTI CRUDE OIL AT CRITICAL LEVELS BEARISH...
April 26, 2025
Market Insights
Gold price stalls intraday recovery from...
November 26, 2024
Market Insights
Bitcoin Weekly Forecast: New high of $10...
November 16, 2024
Market Insights
US Tech 100 Breakout Watch – Bullish Fla...
August 05, 2025
Market Insights
Gold tests the Top – Breakout from Desce...
July 11, 2025
Market Insights
Nasdaq 100 Holds Above 23,600 — Bullish...
August 29, 2025
Market Insights
