I want to know how to predict or forecast the exchange rate between Australian Dollar and US Dollar. I'm looking for methods or techniques that can help me estimate the future AUD/USD rate.
7 answers
Daniele
Tue Jan 14 2025
Market sentiment also plays an important role in determining the AUD/USD exchange rate.
DigitalDynastyGuard
Tue Jan 14 2025
Technical indicators play a significant role in predicting future price movements of the AUD/USD exchange rate.
Daniela
Tue Jan 14 2025
By examining charts and historical data, traders can identify trends and patterns that may influence future price action.
CherryBlossomDancing
Tue Jan 14 2025
Economic data is another crucial factor in forecasting the AUD/USD exchange rate.
Luigia
Tue Jan 14 2025
Key economic indicators such as employment figures, inflation rates, and interest rate decisions can have a significant impact on the value of the Australian and US dollars.