AUDUSD Overview:

Watch the video for a summary of today’s news releases, a review of the USD Index, and a complete Top Down Analysis of the AUDUSD.

AUDUSD Monthly:

Monthly support at 0.7532, resistance at 0.7835.

Over the last 4 months price has been testing and rejecting monthly resistance at 0.7835. Last month price formed an inverted hammer signalling a possible change in trend.

AUD Steady; RBA to Maintain Policy Settings

Path Solutions is thrilled to announce that the company’s Group Chairman & CEO, Mohammed Kateeb has been recently recognized for his achievements and thought leadership in the fintech sector, winning the ‘Financial Services Technology Leadership Award’ at the MEA Finance Banking Technology Awards 2021.

Although the COVID-19 did reduce global IT spending last year, many companies were still forced to increase their IT budgets to adapt to new operational requirements and set up their employees to work from home.

21Shares, the pioneering Swiss Crypto ETP issuer, has chosen CryptoCompare, the digital asset market data specialist, to provide settlement pricing for all of its single asset ETP data effective June 1st 2021. The daily delivery of high-quality data to the market to 21Shares’ stakeholders is paramount to ensuring market participants can correctly price with confidence the liquidity profiles investors demand in actively growing crypto markets.

LenDenClub, India's largest peer-to-peer lending platform, has launched ‘InstaMoney Plus’ to its customers. It gives premium advantages to customers, such as first of its kind Digital Credit Line, Digital Credit Card along with UPI to offer easy access to credit across both online and offline platforms. With its latest feature, users can make payments, shop online or pay at any retail stores.

Saxo Bank becomes the first bank in the world to earn the Cloud Security Alliance STAR Level 2 Attestation and Trusted Cloud Provider accreditation. It is a clear testament to the bank’s successful technology transformation journey.

Automated billing is made as a convenience feature for customers. Subscriptions in the form of recurring billing is the next evolutionary step to help with the customer experience. There are multiple ways to implement recurring billing software into your current system. For the best experience, take a look at the things you value the most out of the process.

Aussie, Kiwi Weak; Yuan Extends Advance, EUR Flat

Curve, the fast-growing financial super app, has closed the largest ever equity raise on Crowdcube, breaking multiple records during the campaign. The raise closed at 1500 BST yesterday, hitting nearly £10m in funding from 11,795 investors.

In another record, Curve was the fastest ever company on Crowdcube to raise £6m, which it did in just 2 hours 49 minutes after it went live on 25th May. The fundraise has also been Crowdcube’s most popular in 2021 and far outstrips the total of £6m Curve raised during its 2019 crowdfund.