Australian Dollar Daily Fundamental Analysis.

[myregister]

Australian Dollar exchange rate movements in the European session moves very weak against USD, after opening lower at 0.7591 in early trading. This sentiment happened after receiving negative sentiment from the minutes of the RBA meeting last week that gives a signal to be lowered the country's interest rates at a meeting in August.

 

The next pair ballast comes from with crude oil prices pumelled down to a session tonight. For today's prediction it seems that AUDUSD will go down to the range of 0.7492-0.7450 or even lower, as the alternative the price may rise to the higher price if cannot do that, the range is around 0.7608-0.7640.

[TitoC]

In the forex trading fundamental analysis now, All 3 of the commodity currencies traded lower on Friday. NZD/USD extended its post RBNZ slide while AUD/USD finally broke its 2 month long range to trade at its lowest level in 19 months. The first leg of the move happened after RBNZ and Turkey triggered the second. Australian fundamentals aren’t terrible but as a high beta currency, AUD has and could continue to sell-off on risk aversion but when the turn happens, it could be one of the first to benefit. The RBA minutes were relatively positive.