AUDUSD continues to rise on moderate USD bearishness as the markets are coming to the conclusion that Fed’s going to keep interest rates low for extended period of time – in spite of the inflation fears which have been circulating recently – which is underpinning this currency pair. On the other hand the traders continue to believe that the strengthening global recovery boosted by continued loose fiscal policies will remain supportive for higher commodity prices and therefore will lead to stronger Australian dollar in the near-term perspective.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
AUDUSD overview 02.03.2021
AUDUSD rises on improved risk sentiment.
AUDUSD continues to rise on moderate USD bearishness as the markets are coming to the conclusion that Fed’s going to keep interest rates low for extended period of time – in spite of the inflation fears which have been circulating recently – which is underpinning this currency pair. On the other hand the traders continue to believe that the strengthening global recovery boosted by continued loose fiscal policies will remain supportive for higher commodity prices and therefore will lead to stronger Australian dollar in the near-term perspective.
Expect buyers on downward corrections.
Next resistance to watch – 0.7880
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags