Australian Dollar Outlook: AUD Confirms Range Trade
The Australian Dollar had a look lower last week but managed to recover and is now firmly entrenched in the 3-month range despite risks in the macroeconomic environment.
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The Australian Dollar had a look lower last week but managed to recover and is now firmly entrenched in the 3-month range despite risks in the macroeconomic environment.
AUD/USD struggled to stay above 0.7000 and corrected lower. Similarly, NZD/USD is facing strong resistance near 0.6540.
Capital gains from cryptocurrency assets, property and shares will be subject to tax in Australia, even if you no longer own it.
AUD/JPY short-term upside momentum intact above 90.30 key support but bulls may be capped by 92.10/92.80 major range resistance.
The Australian Dollar held overnight gains after China’s inflation data revealed a slip in price pressures in the world’s second-largest economy. If the PBOC ease policy, will it lift AUD/USD?