What's going on with the AUD/USD?

On the daily chart, the AUD/USD continues to move between the 20-day Simple Moving Average (SMA) and the 55-day SMA (0.6505). The 0.6400 level has become a relevant support, and a consolidation below it should bring further weakness to the Aussie, exposing the 20-day SMA at 0.6360.

How much is 1 AUD in USD?

However, in order to do this, you need to know the current exchange rate. At the time of writing, 1 AUD is worth 0.65 USD. Once you know that information, multiply the amount you have in USD by the current exchange rate. The resulting number will show you the amount of U.S. dollars that you have to spend on your trip.

Will AUD/USD remain a'sell on rallies' trade in 2023?

Leading momentum indicators retain their hold in the bearish territory, suggesting that the AUD/USD pair is likely to remain a ‘sell on rallies’ trade in the 2023 year ahead. AUD/USD’s recovery from the last quarter of 2022, fuelled by China’s re-opening-led optimism, seems to have lost traction.

Why has AUDUSD soared in recent years?

This pair's popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide. AUDUSD - LONG We had strong bullish volume the last few days followed by a slight push back down to the downside to a previous key level.