The Australian Dollar (AUD) tested support below 1.0300 briefly in Europe but buying returned with the upswing in US stocks to push the Aussie back to familiar levels. The RBA held at 4.75% as widely expected and released a neutral statement. AUD/JPY enjoyed the push… Read more
AUD Trading Outlook Archive
Australian Dollar (AUD) Trading Outlook (06-04-2011)
April 6, 2011Australian Dollar (AUD) Trading Outlook (05-04-2011)
April 5, 2011The Australian Dollar (AUD) suffered more than most, profit taking from very lofty levels above 1.0400 early on Monday. The Market is still very bullish the Aussie but it also already very long after recent months of buying. 1.0500 is the target of many local… Read more
Australian Dollar (AUD) Trading Outlook (04-04-2011)
April 4, 2011The Australian Dollar (AUD) was able to register fresh post float all time highs near 1.0400 on the back of very strong AUD/JPY flows and positive global investor risk appetite. Gold fell but Oil was able to soar once again to $108 a barrel and… Read more
Australian Dollar (AUD) Trading Outlook (01-04-2011)
April 1, 2011The Australian Dollar (AUD) was strong once again with fresh highs above 1.0350 with the uptrend still firmly in place. In Economic February Building permits -7.4% vs. 4% forecast. Retail Sales 0.5% vs. 0.4% previously. Overall the AUD/USD traded with a low of 1.0309 and… Read more
Australian Dollar (AUD) Trading Outlook (31-03-2011)
March 31, 2011The Australian Dollar (AUD) remained strong on the back of investor demand for AUD/JPY with the major closing above the key 1.0300 level ahead of Economic data today. The Market is starting to look higher now as traders become more comfortable with levels above parity…. Read more
Australian Dollar (AUD) Trading Outlook (30-03-2011)
March 30, 2011The Australian Dollar (AUD) was very strong bouncing off European lows to resume rallying back to the 1.0300 resistance. 1.0300 is forming as a key resistance to the march higher and the AUD/USD will need to close above the figure to open up higher levels…. Read more
Australian Dollar (AUD) Trading Outlook (29-03-2011)
March 29, 2011The Australian Dollar (AUD) printed new highs again above 1.0300 before staging a sharp reversal on profit taking and weak US stocks into the close. AUD/JPY was briefly above Y84 to trade near year highs at Y84.50 with plenty of demand noted. Overall the AUD/USD… Read more
Australian Dollar (AUD) Trading Outlook (28-03-2011)
March 28, 2011The Australian Dollar (AUD) the Aussie hit all time post float highs up near 1.0300 before coming under profit taking pressure and succumbing to USD strength. AUD/JPY crept higher as the uptrend continued post Japanese Earthquake sell off. Overall the AUD/USD traded with a low… Read more
Australian Dollar (AUD) Trading Outlook (25-03-2011)
March 25, 2011The Australian Dollar (AUD) the Aussie reclaimed 1.0200 and is in striking distance of all time highs just above 1.0250. AUD/NZD found itself lower on the day though after technical resistance at 1.3700 inspired a pullback. Overall the AUD/USD traded with a low of 1.0111… Read more
Australian Dollar (AUD) Trading Outlook (24-03-2011)
March 24, 2011The Australian Dollar (AUD) ignored the EUR/USD weakness to track the US stock markets higher and outperform the rest of the market. AUD/NZD is staying close to the 1.3700 level but finding lots of selling pressure above the figure. Overall the AUD/USD traded with a… Read more