Partner Center Find a Broker

Positive risk sentiment propped the Aussie higher last week.

Let’s see if any of this week’s catalysts can threaten the uptrend!

Here’s a list of themes you should know about:

Quarterly CAPEX (May 28, 1:30 am GMT)

Overall risk sentiment

  • Coronavirus updates (vaccine, local and global stimulus, reopening of economies) will continue to affect Aussie’s intraweek trends
  • Headlines on the U.S.-China tensions can also make or break Aussie’s trends
  • Other top-tier releases (U.S. GDP, Powell’s speech) may affect intraday prices of high-yielding currencies like the Aussie

Technical snapshot

  • Stochastic is flagging AUD’s “overbought” conditions against JPY, CHF, GBP, and CAD on the daily time frame
AUD Forex Pairs Stochastic from MarketMilk
AUD Forex Pairs Stochastic from MarketMilk
  • Aussie is still on bullish trends against its major counterparts, though we can see retracements or reversals on AUD/JPY, AUD/USD, and AUD/CHF
AUD Forex Pairs SMAs from MarketMilk
AUD Forex Pairs SMAs from MarketMilk
  • AUD was most volatile against JPY, USD, CHF, and GBP in the last seven days
AUD Forex Pairs Volatility from MarketMilk
AUD Forex Pairs Volatility from MarketMilk

Missed last week’s price action? Read AUD’s price recap for May 18 – 22!