AUD/USD is rising for a second straight day, rising 0.36% as the US dollar falls as US economic growth takes its toll and inflation accelerates to the 3% mark. At the time of writing, the pair is trading at 0.7086, which means the week will end with an boost of over 0.19%.
AUD/USD Price Forecast: Technical Outlook
AUD/USD remains bullish after buyers pushed the exchange rate above the 20-day plain moving average (SMA) of 0.7034. They then made the 0.7050 level and seem poised to break the 0.7100 level.
The bullish momentum remains intact with the Relative Strength Index (RSI) trending higher after hitting a low near 59.34. If the index breaks above 65.00, AUD/USD could break the next key resistance level and hit a yearly high of 0.7147.
Conversely, if AUD/USD falls below 0.7000, the first support will be the February 6 intraday low at 0.6897, followed by the 50-day SMA at 0.6832.
AUD/USD price chart – daily
Australian dollar price this week
The table below shows the percentage change in the Australian Dollar (AUD) against the major currencies traded this week. The Australian dollar was strongest against the Japanese yen.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.73% | 1.17% | 1.57% | 0.54% | -0.17% | 0.89% | 0.87% | |
| EUR | -0.73% | 0.44% | 0.86% | -0.20% | -0.90% | 0.16% | 0.14% | |
| GBP | -1.17% | -0.44% | 0.15% | -0.62% | -1.34% | -0.28% | -0.30% | |
| JPY | -1.57% | -0.86% | -0.15% | -1.02% | -1.70% | -0.68% | -0.66% | |
| BOOR | -0.54% | 0.20% | 0.62% | 1.02% | -0.75% | 0.35% | 0.33% | |
| AUD | 0.17% | 0.90% | 1.34% | 1.70% | 0.75% | 1.08% | 1.06% | |
| NZD | -0.89% | -0.16% | 0.28% | 0.68% | -0.35% | -1.08% | -0.02% | |
| CHF | -0.87% | -0.14% | 0.30% | 0.66% | -0.33% | -1.06% | 0.02% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select Australian Dollar from the left column and move along the horizontal line to US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
