Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

AUD/USD turns away from major trendline, sinks as the USD gains favor

  • Aussie tumbles as traders pick the Dollar back up.
  • Markets look to end the week on a risk-off note.

The AUD/USD is trading near the bottom in the overnight session at 0.7725.

Broad markets turned tail and began scooping up the Greenback in Thursday's trading as risk appetite shriveled once more on global trading tensions. Despite broad hopes that the US-China showdown on trade tariffs will reach a successful, profitable conclusion, neither country has shown much interest in reaching across the aisle, and market hopes of positive negotiations continue to run up against the fact that negotiations have yet to be scheduled or even agreed to.

The Aussie almost appeared to shake off the disappointing jobs data in the previous session, reaching a high of 0.7812 before tumbling in lock-step with the rest of the risk assets. Friday is a quiet showing for the Aussie, and souring market sentiment is once again in the driver's seat across the board.

AUD/USD Levels to watch

The AUD has turned bearish across most technical levels, and as FXStreet's Valeria Bednarik noted, "the fact that it broke below 0.7740, has put at risk the bullish trend from earlier this month, and unless the pair quickly recovers the level, further slides are to be expected. Technical readings in the 4 hours chart support a bearish extension, as in the 4 hours chart, the pair has also broken below all of its moving averages, while technical indicators accelerate south within negative territory, leaning the scale to the downside."

Support levels:  0.7700 0.7765 0.7720

Resistance levels:0.7740 0.7785 0.7820

US data reviewed, Initial jobless claims/ Philly Fed survey - Nomura

Analysts at Nomura noted and reviewed the US key data from Thursday. Key Quotes: "Initial jobless claims: Initial claims fell 1k to 232k for the we
Read more Previous

AUD/JPY back into the 83.00 handle as markets spook out of risk mode

The AUD/JPY mimicked the Aussie against the US Dollar in Thursday's action as market forces greater than the single currency have taken control once m
Read more Next