AUDUSD fall in a Channel.

AUDUSD was down on Friday after testing the high level of 0.6495 in the last trading session as the Australian dollar traded around $0.645 on Friday and was set to lose nearly 2% over the week, weighed down by a strengthening US dollar amid expectations of fewer rate cuts from the Federal Reserve. This sentiment followed comments from Fed Chair Jerome Powell on Thursday, stating that the central bank is in no rush to reduce rates given the strength of the US economy. The Aussie also faced pressure this week from weaker commodity prices and ongoing concerns about China’s economic slowdown.

Recent News

Gold Consolidates Near $2,890 Bullish Fl...

March 04, 2025

Market Insights

DAX faces snap election as Scholz's coal...

November 07, 2024

Market Insights

US Tech 100 Eyes Fresh Breakout Above 23...

July 29, 2025

Market Insights

DAX making a Wedge pattern

December 30, 2024

Market Insights

AUDUSD consolidate on daily lower levels

November 18, 2024

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window