Australian Dollar vs US Dollar
AUD USD is considered as the main currency pair and is included in the five largest by trade volume on the global market. This asset is popular due its high interest rate and relative independence of national currency policy of government structures.
Australia is a politically stable country with developed economy that experiences strong dependence on raw material sector and on the relations with large Asian partners (Japan, China, Malaysia, Indonesia, Singapore). Any forecast regarding the forex AUD USD must be obligatorily verified with the current situation in China and on Asian stock markets.
The following fundamental factors have strong influence on Australian dollar US Dollar rate: the main economic indicators of the USA, Japan, Australia, China (discount rate, GDP, inflation, unemployment level, CPI, PMI, etc.); Statements made by officials and financial structures of those countries, Currency interventions of Japanese yen and Chinese yuan; The movement of prices for raw materials (gold, oil, iron ore, non-ferrous metals, agricultural products) and stock indexes (Hang Seng, KOSPI, Nikkei 225, SET50, Composite, TOPIX) that affect the Australian economy.
This pair trades actively both during night (up to 6% of the total volume of the market) and the European sessions. In case of stable fundamental background, it takes technical analysis perfectly: the price chart AUD USD steadily works off standard graphic patterns, levels of support/resistance. Aussie is quite suitable for a beginner trader or an investor who does not have significant skills for fundamental or technical analysis. Any AUD USD forecast must take into consideration the pair's fast response to the news: economic, financial, and weather conditions.
The currency pair Australian dollar US dollar is considered as a high-liquidity asset, its volatility is always supported by real volumes. The main volume: exchange operations by the central banks of Australia and Japan, large raw material contracts, carry trade operations.