What's going on with AUDUSD?

Upward trend forming, EMA break and retest. 3 profit zones identified. AUDUSD touches the target The Australian dollar pair against the US dollar , and finds strong support there to now show some bullish bias, influenced positively by stochastic indicators, heading towards achieving immediate gains that may reach 0.6468 .

What is the Australian dollar?

The Australian dollar is one of the world’s top-traded currencies. Some professional traders call the AUD/USD pair simply the "Aussie." Australian Dollar live rates: AUD to USD, AUD to INR, etc. AUD chart live.

Why does the AUD/USD exchange rate rise?

When global players are confident, they invest money back, and then the AUD exchange rate rises. AUD/USD is heavily influenced by economic and regulation information from China because Australia is a material importer to China and other Asian countries.

Why did EUR/AUD hit a low in 2012?

EUR/AUD reached its lows in the midst of the European sovereign debt crisis in 2012, when it hit A$1.1619. Since mid-July 2012, the pair has recovered mainly due to the European Central Bank's policy of Outright Monetary Transactions (OMT), the 'whatever it takes' measure that ECB President Draghi threatened in August 2012.