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AUD Trading Outlook (08-02-2013)

Australian Dollar (AUD) the AUD/USD is continuing to slide with little bounce as the technical remain bearish and we move further from the stable 1.030-1.06 range that had held for the past few months. Parity is the obvious target for the bears while support is coming through the AUD/JPY and EUR/AUD liquidations seen overnight. Weak fulltime employment numbers were hidden in a strong headline figure yesterday for January jobs and add to further calls for a rate cut in March. Looking ahead, Chinese Trade Balance forecast at 22bn vs. 31bn previously.

Back to AUD Trading Outlook Archive

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