What are the Daily pivots in AUD/USD?

Daily Pivots: (S1) 0.6559; (P) 0.6576; (R1) 0.6601; More… Intraday bias in AUD/USD remains on the upside for the moment. Current rally from 0.6269 should extend to channel resistance (now at 0.6665). Sustained break there will pave the way to 0.6894 resistance next.

What's going on with AUDUSD in 2023?

Don't miss our 2023 AUDUSD forecast! The Australian Dollar is facing headwinds yet again against the US Dollar, as the central bank divergence theme is back in play in early 2023.

What is the correlation between AUDUSD and gold?

This correlation with the Shanghai stock exchange is to be added to the correlation it has with gold. The pair AUDUSD often rises and falls along with the price of gold. In the financial world, gold is viewed as a safe haven against inflation and it is one of the most traded commodities.

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.