The Australian Dollar (AUD) was under heavy selling pressure in Asia after economic data missed with May Retail Sales dropping -0.6% vs. 0.3% forecast and Building Permits dropped -7.9% vs. -0.5% forecast. Support was found near 1.0700 and the pair pared losses in the US… Read more
AUD Trading Outlook Archive
Australian Dollar (AUD) Trading Outlook (05-07-2011)
July 5, 2011Australian Dollar (AUD) Trading Outlook (04-07-2011)
July 4, 2011The Australian Dollar (AUD) was strong tracking the stock markets higher as one of the investor&rsquo s top choice for expressing risk appetite. Resistance was found towards 1.0800 before consolidating for the rest of the day. AUD/JPY is also strong above Y87 and could be… Read more
Australian Dollar (AUD) Trading Outlook (01-07-2011)
July 1, 2011The Australian Dollar (AUD) broke above 1.0700 in the Asian session and surged towards 1.0750 on stop losses before consolidating and pulling back to the key level for the rest of the day. AUD/JPY also entered a consolidation phase after moving above Y86 and running… Read more
Australian Dollar (AUD) Trading Outlook (30-06-2011)
June 30, 2011The Australian Dollar (AUD) was one of the strongest currencies in the market with the risk currency surging to 1.0700 with the improving investor mood. The market is ready for more gains but attention is still been made towards China data later in the week…. Read more
Australian Dollar (AUD) Trading Outlook (29-06-2011)
June 29, 2011The Australian Dollar (AUD) surged back to life back above 1.0500 and Y85 and threatening to catch the market short. The sharp move higher is not unusual for the much loved Aussie when stock markets rebound higher. Also helping was strong commodities markets. Overall the… Read more
Australian Dollar (AUD) Trading Outlook (28-06-2011)
June 28, 2011The Australian Dollar (AUD) risk aversion and stock market weakness is hurting the Aussie in recent sessions after breaking 1.0500 support. Commodities have been under a lot of pressure lately with Oil leading the way down and Gold also being liquidated. Concerns over China growth… Read more
Australian Dollar (AUD) Trading Outlook (24-06-2011)
June 24, 2011The Australian Dollar (AUD) was thrown around like a rag doll down breaking below key resistance in Europe before being lifted just as sharply post Greece deal news. The outlook is closely linked as always to the stock market movements but more focus is being… Read more
Australian Dollar (AUD) Trading Outlook (23-06-2011)
June 23, 2011The Australian Dollar (AUD) was under pressure given risk off trading with US stocks falling into the close. The 1.0500 level is forming as a key support once again with most traders waiting to see fresh stock market direction before committing to a new trend…. Read more
Australian Dollar (AUD) Trading Outlook (21-06-2011)
June 21, 2011The Australian Dollar (AUD) was helped off lows on a combination of positive Greece/Brazil upgrade news and a strong move higher in commodities. A rally in stocks markets from here could see the 1.0700 level come back into target. Overall the AUD/USD traded with a… Read more
Australian Dollar (AUD) Trading Outlook (20-06-2011)
June 20, 2011The Australian Dollar (AUD) was unable to take full advantage of the USD weakness and stronger stock markets with commodities under pressure for most of the day. Hurting commodities at the moment is fears that the China central bank will have to raise rates soon… Read more