{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/audusd-linger-away-from-the-old-weekly-high\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/audusd-linger-away-from-the-old-weekly-high\/","headline":"AUDUSD Linger Away From the Old Weekly High","name":"AUDUSD Linger Away From the Old Weekly High","description":"The currency pair has experienced a decline from its recent weekly high earlier today. During the Asian session trade this morning, buyers struggled to leverage the gains, resulting in a quick retreat and a solid threat from sellers. The recent liquidity measures surrounding concerned banks in Europe and the US have not effectively curbed the […]","datePublished":"2023-03-21","dateModified":"2023-03-21","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/03\/image_2023-03-21_063736598.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/03\/image_2023-03-21_063736598.png","height":339,"width":509},"url":"https:\/\/forexschoolonline.com\/audusd-linger-away-from-the-old-weekly-high\/","about":["AUD\/USD","charts","Price Action Charts in Focus","Price Action Trigger Signals"],"wordCount":399,"keywords":["AUD\/USD","Fundamental Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis"],"articleBody":"The currency pair has experienced a decline from its recent weekly high earlier today. During the Asian session trade this morning, buyers struggled to leverage the gains, resulting in a quick retreat and a solid threat from sellers. The recent liquidity measures surrounding concerned banks in Europe and the US have not effectively curbed the chances of a global banking crisis. This is leading to increased investor demand and a flow gap between the US dollar and the Australian dollar. In addition, there has been a notable reaction by traders against the People’s Bank of China (PBoC). The PBoC has carried out drastic measures to keep its prime loan rate the same, resulting in a spark of reaction from investors. These events have contributed to the current state of the AUDUSD currency pair.Investors\u2019 Reaction Towards the USDThe US dollar (USD) is facing a period of uncertainty due to decreased chances of aggressive policy tightening by the Federal Reserve. This week\u2019s FOMC meeting, which was expected to raise rates, has been downgraded from a 50 bps rate hike to just 25 bps. With market expectations for further cuts in the second half of this year, investors are turning away from USD investments and looking elsewhere for growth opportunities. Adding to the bearish sentiment towards the USD is the Michigan US Consumer Confidence Index for March, which fell from 68.0 points down to 62.4 points, indicating that consumer confidence in domestic economic performance is waning despite recent positive news on job gains. As inflation expectations continue their downward trend, both one-year and five-year outlooks have fallen drastically, leading US Treasury bond yields to sharply decline as well, impacting investor appetite towards dollar-denominated assets negatively even more so than before. All these factors combined mean that potential growth prospects for the USD are limited at present, with the AUD\/USD pair being an exception as it should remain relatively stable against its greenback counterpart given current conditions. It is important to note that the current situation is factual and detailed. The decline in the currency pair, coupled with the reactions from concerned investors, highlights the potential for a global banking crisis and the impact it may have on the market.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}