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Australian Dollar Forecast: Key AUD/USD, AUD/JPY Levels to Watch 2021-04-23 11:00:00 Justin McQueen, Analyst AUD/USD: Indecision for the Australian Dollar, which has traded within a relatively tight 0.7700-0.7820 range. AUD/USD continues to receive good demand from the 0.77 handle, which also coincides with the 100DMA. On the flip side, bears have looked to engage at 0.7800-20, therefore keeping the market poised for a breakout. That being said, it would take for a close above the March peak (0.7849) for a return to 0.80. Looking ahead to next week, Australian CPI will be the main domestic fo...

Australian Dollar Forecast: AUD/USD May Rise as Dovish Fed Calms Yields, US Dollar 2021-04-17 00:00:00 Daniel Dubrovsky, Strategist Australian Dollar Fundamental Forecast: Bullish Dovish Fed commentary poured cold water on rate hike expectations Relatively quiet week may keep this momentum going for time being The sentiment-linked Australian Dollar aimed cautiously higher this past week, but it remains lower than where it was on average against its major counterparts in February – see chart below. On the whole, the Aussie has been in a fairly consolidative state since the end of 2020, mater...

Australian Dollar Forecast: Can Bitcoin Prices Provide a Leading Signal for Currencies? 2021-04-14 16:45:00 Justin McQueen, Analyst Upside risks for Australian jobs report Can Bitcoin Provide a Leading Signal for FX? Among the key focal points for the Australian Dollar over the next 24hours will be the latest jobs figures scheduled at 02:30BST. Expectations are for a 35k jobs gain, with the range of estimates from 10k to 60k. Given the strong employment figures in both the US and Canada, which has historically been a good indicator for Australian jobs data (last month also proving that point)...

Australian Dollar Forecast: Key AUD/USD Levels to Watch Amid Breakdown Warning 2021-04-09 08:00:00 Justin McQueen, Analyst IG Client Sentiment Signals AUD May Continue to Fall AUD/USD Warning of a Top AUD/USD: Having rejected the 0.80 handle in late February, warnings of a top have increased of late with the pair showing a head and shoulders pattern, which has been well documented, while momentum signals continue to lean on the bearish side. Despite briefly breaking below, the neckline at 0.7562 remains the key area to watch....

Canadian Dollar Forecast: USD/CAD Probing Resistance With Jobs Data on Tap 2021-04-09 07:00:00 Daniel Moss, Analyst Canadian Dollar, USD/CAD, Canadian Employment Data, Coronavirus Vaccinations - Talking Points: Equity markets traded broadly mixed during APAC trade despite a strong Wall Street session overnight. Upcoming Canadian jobs data will likely dictate the near-term trajectory of the USD/CAD exchange rate. The formation of a bullish Falling Wedge formation could inspire buyers to drive USD/CAD higher. Asia-Pacific Re...