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AUD/USD and AUD cross sets


May 9, 2022
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AUD/USD stays the last holdout currency to attain target from long term averages. AUD/USD break at the 5 and ten years averages from 0.7298 and 0.7934 targets 0.6881 and 0.6853. The marketplace waits for resolution to AUD/USD as NZD/USD, EUR/USD, GBP/USD all broke long term averages and attained targets. EUR/USD, GBP/USD and NZD/USD now trade deeply oversold.

All JPY currencies all trade securely above longer term averages in addition to USD/CHF, CHF/JPY and USD/JPY EUR/CAD, GBP/CAD, NZD/CAD and AUD/CAD trade securely listed below. GBP/AUD trades securely listed below while EUR/AUD trades listed below with strong resistance simply above present rate.

AUD/USD primary dilemma is it does not have connections to its cross sets. AUD/USD Vs AUD/CHF associates at -41%, Vs AUD/JPY at -41%, Vs AUD/NZD at -62%. Many essential to AUD/USD and to stop AUD/USD’s more slide is the +95 connection to AUD/CAD.

AUD/CAD is the leading set in the AUD universe at a 0.9060 currency exchange rate and 2000 pips from AUD/USD. The opposite set to AUD/NZD is AUD/CAD and discusses AUD/CAD’s leading position to AUD/USD. Both AUD/CAD and AUD/NZD are the specific very same currencies separated by 2 various currency exchange rate.

Plus AUD/CAD generally is a dead mover currency and includes every capability to stop AUD/USDs downslide.

Normally by year dated to the 1960’s, AUD/CAD trades approximately 700 ish pips each year. For 2022 and 5 months, AUD/CAD traded 600 pips, 1000 for 2021 and 800 for 2020. AUD/CAD for the present year trades within its historice variety.

AUD/CAD is deeply overold and matches oversold AUD/USD. AUD/JPY and AUD/NZD trade deeply overbought while AUD/CHF is relatively neutral brief and long term and trades by meandering along with AUD.

AUD/USD’s closest set in the currency set line up as middle currency is GBP/USD then bottom set NZD/USD. EUR/USD suits the AUD/CAD universe by a +44% connection to AUD/CAD.

The bloomberg study projections EUR/USD to parity and 0.9700; s. EUR/USd was presented at 0.9800’s in 1998 and traded above USD/CHF, AUD/CAD and DXY for all its 24 year presence. For EUR/USD yo trade at parity, it should cross listed below DXY. USD/CHF and AUD/CAD would be required to drop to function as bottom assistances.

Many popular today driving the large bulk of our currency sets are 50 day averages. AUD/USD’s 50 day lies at 0.7365. When AUD/USD bottoms, it includes a long method to take a trip greater.

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