In this AUDUSD analysis, we decipher the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
AUDUSD Live Chart
AUDUSD Analysis: Fundamental View
Bloomberg—The Australian dollar resumed its bullish wave from $0.619 in today’s trading session by breaking above the immediate resistance of $0.6272.
Data showed that Australia’s economy expanded by 0.6% in the fourth quarter, doubling the previous quarter’s 0.3% increase and exceeding the 0.5% growth forecasted by analysts.
As of this writing, the AUDUSD currency pair trades at approximately $0.628.
RBA Flags Inflation and Trade Concerns
On monetary policy, RBA Deputy Governor Andrew Hauser highlighted concerns about global trade tensions and their potential impact on inflation. He cautioned that it is too soon to assume inflation is under control and advised a careful approach to future rate cuts.
Australian Dollar Hit Amid Trade Tensions
Meanwhile, minutes from the RBA’s February meeting revealed growing worries among policymakers about economic risks, hinting at a more cautious stance.
The Australian dollar faced additional pressure on Tuesday as fresh US tariffs on Canada, Mexico, and China took effect, triggering retaliatory measures from those countries.