AUD/USD

2022 - 10 - 10

aud

Post cover — Image courtesy of "Capital.com"

Australian dollar outlook: Global risk-off sends AUD to two-and-a ... (Capital.com)

Reserve Bank of Australia's (RBA) decision to slow the pace of tightening with a 25 bps hike is hitting AUD. How low will AUD go? Read on...

Just after lunch [DXY](https://capital.com/us-dollar-index) was up 0.36% at 112.95 while [GBP/USD](https://capital.com/eur-usd-rate) was 0.38% lower at 1.1049; [EUR/USD](https://capital.com/eur-usd-rate) was 0.45% down at 0.9703. This saw a big drop from the S&P 500, down -4.3%. And economists at MUFG Bank, it’s reported, believe [AUD/USD](https://capital.com/aud-usd-rate) could even hit 0.6000. [AUD](https://capital.com/aud-usd-rate) will need its commodities hard hat on tight. [DXY](https://capital.com/us-dollar-index)looks to be continuing its bullish run this morning. Yet the complexion of the shared commitment goes from blood red to rose pink. [AUD is heading deeper down under, again](https://capital.com/aud-usd-rate) [pair](https://capital.com/aud-usd-rate) has been moving in locksteps this year with the MSCI World Equity Index, a gauge of global stocks. If we see a break and hold below this level, price will target 0.5980 as the next strong support level. Meanwhile the CSI 300 dropped 2.2% and the Hang Seng nearly 3% – disappointing after a week’s long national holiday. The steamrolling of [AUD](https://capital.com/aud-usd-rate) – now close to a two-and-a-half year low, sinking to $0.629 is also being given extra shove lower by more Chinese COVID-19 anxiety. All in, the Aussie is looking in rough shape.

Australian Dollar Short-term Outlook: AUD/USD Breakdown Levels (DailyFX)

Australian Dollar losses keep mounting with Aussie now approaching yearly downtrend support on a five-day decline. Levels that matter on the AUD/USD ...

of clients are net short.](https://www.dailyfx.com/free-trading-guides#forecastschoices=SENTIMENT_GUIDE) [ Recommended by Michael BoutrosDownload Our Latest Quarterly Aussie Price Forecasts!](https://www.dailyfx.com/free-trading-guides#forecastschoices=AUD) Review my latest Australian Dollar Weekly Price Outlook for a closer look at the longer-term AUD/USD technical trade levels. [Starts in:Live now:Oct 17( 12:10 GMT )Weekly Scalping Webinar](https://www.dailyfx.com/webinars/176946155) [AUD/USD MixedData provided by of clients are net long. [Australian Dollar](https://www.dailyfx.com/aud) has plunged a staggering 18% off the yearly (April) highs against the [US Dollar](https://www.dailyfx.com/us-dollar-index) with [AUD/USD](https://www.dailyfx.com/aud-usd) now approaching the lower bounds of the 2022 yearly downtrend. Monthly open [resistance](https://www.dailyfx.com/support-resistance?ref-author=Boutros) eyed at 6401 with backed by the objective October opening-range highs at 6547. Review my latest [Weekly Strategy Webinar](https://www.dailyfx.com/news/eur-usd-gbp-usd-usd-cad-oil-gold-stocks-weekly-technical-outlook-20221010.html) for an in-depth breakdown of this Aussie technical setup and more. Technical Outlook: The Australian dollar has been in free fall for nearly two-months with AUD/USD down more than 12% from the August highs. These are the updated targets and invalidation levels that matter on the AUD/ [USD](https://www.dailyfx.com/usd?ref-author=Boutros) short-term technical charts. [support](https://www.dailyfx.com/education/support-and-resistance) here at 6248 with yearly channel support just lower around the 62-handle. The sell-off is attempting a fifth consecutive day with Aussie now approaching confluence technical support around the 2009 low at 6248- looking for possible price inflection into this threshold.

AUD/USD Price Forecast – Australian Dollar Continues to Drop (FX Empire)

The Australian dollar has fallen on Monday but has also managed to turn around and show signs of life that day.

On the other hand, if we turn around and break down below the lows of the trading session on Monday, then it’s likely that we could go much lower. I think that at this point you are waiting for rallies to start shorting, as the market has shown itself to be very volatile and negative, and I think it will continue to be that way going forward. The Australian dollar is a commodity currency that a lot of people pay close attention to, and therefore I think it does make a certain amount of sense that we would see this market continue to struggle in an environment that is slowing down economically.

AUD/USD Forecast: Aussie plunges alongside markets' sentiment (FXStreet)

The Australian dollar is among the worst performers against the greenback, with AUD/USD falling to 0.6274, its lowest since April 2020. The AUD fell.

“European stocks did better this morning, thanks perhaps in large part to the weaker pound and euro. Solana price shows reasons to believe that a sweep-the-lows event will arise in the coming days. Gold price is displaying topsy-turvy moves below $1,670.00 in early Asia. [Read more](https://www.fxstreet.com/cryptocurrencies/news/solana-price-prediction-a-breach-below-30-in-the-coming-days-202210102312) [Stronger dollar cushions European markets](https://www.fxstreet.com/analysis/fresh-losses-for-indices-202210101539) [Gold News](https://www.fxstreet.com/markets/commodities/metals/gold) [Solana: A breach below $30 in the coming days](https://www.fxstreet.com/cryptocurrencies/news/solana-price-prediction-a-breach-below-30-in-the-coming-days-202210102312) At the same time, technical indicators have reached oversold readings, barely recovering and falling short of suggesting a potential recovery. Furthermore, the pair is far below all of its moving averages, with the 20 SMA accelerating its slide above the current level, currently at around 0.6550. The AUD fell amid a generalized dismal market mood, exacerbated by poor Australian data. The 4-hour chart also shows that bears are in control of the pair. [EUR/USD News](https://www.fxstreet.com/news?q=&hPP=17&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=EURUSD) [Gold sees a downside below $1,660 amid firmer DXY, US Inflation eyed](https://www.fxstreet.com/markets/commodities/metals/gold) [AUD/USD News](https://www.fxstreet.com/news?q=&hPP=20&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=AUDUSD&is_v=1) [EUR/USD steadies near 0.9700 even as risk-off mood favors DXY strength](https://www.fxstreet.com/currencies/eurusd) The Australian dollar is among the worst performers against the greenback, with AUD/USD falling to 0.6274, its lowest since April 2020.

AUD/USD turns sideways around 0.6300 as focus shifts to US Inflation (FXStreet)

The AUD/USD pair is oscillating around the immediate hurdle of 0.6300 in the Toyo session after a rebound move from a fresh two-year low at 0.6274. A.

“European stocks did better this morning, thanks perhaps in large part to the weaker pound and euro. Solana price shows reasons to believe that a sweep-the-lows event will arise in the coming days. The AUD/USD pair is oscillating around the immediate hurdle of 0.6300 in the Toyo session after a rebound move from a fresh two-year low at 0.6274. Gold price is displaying topsy-turvy moves below $1,670.00 in early Asia. The author makes no representations as to the accuracy, completeness, or suitability of this information. An improvement in China's inflation could bring volatility for the antipodean as the event will trim the odds of a rtae cut by the People's Bank of China (PBOC). The author has not received compensation for writing this article, other than from FXStreet. Also, it is expected to improve to 6.5% from the prior release of 6.3%. While the release of the core CPI catalysts is gathering more importance. As per the consensus, the headline US inflation will land at 8.1%, lower than the prior release of 8.3%. The recent escalation in Russia-Ukraine tensions after Moscow claimed that Ukrainian military attacks have demolished a bridge linking the occupied Crimean Peninsula to Russia. The asset has displayed a five-day losing spell and is expected to remain on the tenterhooks ahead of the US

AUD/USD dives further and hits a fresh multi-year low at 0.6275 (FXStreet)

The Australian dollar has resumed its ecline on Monday's US trading session. The pair has reversed the tame recovery attempt seen earlier in the day,

The US economy remains resilient and fairly robust. Solana price shows reasons to believe that a sweep-the-lows event will arise in the coming days. USD/JPY remains sidelined as traders turn cautious around the 145.90 level that previously push the Bank of Japan (BOJ) towards market intervention. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet. Daily Pivot Point R3 Daily Pivot Point R2 Daily Pivot Point R1 Daily Pivot Point S3 Daily Pivot Point S2 Daily Pivot Point S1 The Australian dollar has resumed its ecline on Monday’s US trading session.