Technical Analysis
AUDUSD have big potential to sell around 0.67273. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 0.66353
Fundamental Analysis
July 31, 2023, the Australian dollar (AUD) is trading at 0.6718 USD. This is a slight decrease from yesterday's closing value of 0.6725 USD. The AUD has been on a downward trend in recent months, due to a number of factors including:
The rising interest rates in the United States, which have made the US dollar more attractive to investors.
The ongoing uncertainty around international trade, which has made investors more risk-averse.
The recent natural disasters in Australia, which have damaged the country's economy.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete