# Australian Dollar Preparing for Lift-off after Overcoming Important Technical Level on Charts

> The Australian dollar overcame its 2019 downtrend and nearly erased its yearly loss against the US dollar, rising 3.67% in December. Analysts see the next resistance target near 0.72 as a US-China phase one deal signing approaches.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/55816-australian-dollar-preparing-for-lift-off-after-overcoming-important-technical
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer Aussie and weaker US dollar reflect improved trade sentiment, a currency-only move with no direct feed supply impact.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-02-02 | [Dollar Down But Not Out after Fed, Oil Lifted Canadian, Iron Ore Boosted Australian - ActionForex](https://feedsoft.ai/events/60507-dollar-down-but-not-out-after-fed-oil-lifted-canadian-iron-ore-boosted.md) | +0.7% | +0.9% |
| DXY | 2022-12-01 | [Australian Dollar Flies after Powell Speech - ActionForex](https://feedsoft.ai/events/38489-australian-dollar-flies-after-powell-speech-actionforex.md) | -0.6% | -1.5% |
| DXY | 2017-07-30 | [The Australian Dollar Has Kicked Off the New Trading Week Just Below the US80c Level - Business Insider](https://feedsoft.ai/events/70238-the-australian-dollar-has-kicked-off-the-new-trading-week-just-below-the-us80c.md) | +0.3% | -0.5% |
| DXY | 2023-12-02 | [Finance, markets: Why the Australian dollar is soaring \| news.com.au — Australia’s leading news site for latest headlines](https://feedsoft.ai/events/32979-finance-markets-why-the-australian-dollar-is-soaring-news-com-au-australia-s.md) | +0.7% | -0.6% |
| DXY | 2024-08-20 | [RBA interest rates: Australian dollar rally brushes off iron ore price crash](https://feedsoft.ai/events/29062-rba-interest-rates-australian-dollar-rally-brushes-off-iron-ore-price-crash.md) | -0.2% | -0.2% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/12573-the-australian-dollar-is-standing-by-for-lift-off-after-clearing-major-level-on-charts

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.