AUDUSD The Australian Dollar recovers its daily losses against the US Dollar on Tuesday amid improved risk appetite, driven by the news that the US may scale back its goals for comprehensive reciprocal agreements with trading partners. Trump’s top trade officials were seeking phased deals with the most engaged countries as they hurried to reach an agreement by the July 9 deadline.AUDUSD The nine-day EMA at 0.6529 appears as the primary support. A break below this level would weaken the short-term price momentum and put downward pressure on the AUD/USD pair to test the lower boundary of the ascending channel around 0.6490, aligned with the 50-day EMA at 0.6456.AUDUSD On the upside, the AUD/USD pair could rebound to the fresh eight-month high of 0.6583, which was recorded on July 1, followed by the upper boundary of the ascending channel around 0.6650.AUDUSD The AUD/USD pair is trading around 0.6560 on Tuesday. The daily technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern. The 14-day Relative Strength Index (RSI) is positioned above the 50 mark. Additionally, the pair rises above the nine-day Exponential Moving Average (EMA), indicating that short-term price momentum is stronger.AUDUSD Let's go buyers....WheeeeeAUDUSD sellar open trae nowAUDUSD Finally seems to have cleared the 0.5 retracement level from the Sept 24-Jan 25 decline. If Fib levels are anything to sing about, next stop is around 0.6636, and then around 0.6753. Should be a smooth flight, apart from any transient Trump turbulence! 🙂 (Captain advises keeping your seatbelts buckled while seated.)AUDUSD So far 20 pip down already which I missed and looks like a good support till UK session. Sell at 0.6570
AUDUSD The US Dollar is giving away most of the ground taken in the previous two trading days. The positive risk sentiment following the announcement that the trade talks between Canada and the US will continue has boosted confidence in the CAD, pushing the US Dollar back below the 1.3700 level to hit intraday lows at 1.3650 so far.
