I’m tending towards being bullish on the day for AUD/USD. The big real-money players in the US will be out of the market for a long Thanksgiving weekend and they’ve been heavy sellers of AUD in recent weeks. If the end-of-month demand appears then we… Read more
AUD Trading Outlook Archive
Australian Dollar (AUD) Trading Outlook (29-11-2013)
November 29, 2013Australian Dollar (AUD) Trading Outlook (28-11-2013)
November 28, 2013There is still no reason to try and pick a bottom in this AUD move, especially on the crosses. Nevertheless, if Fibo support at .9060 continues to hold stubbornly, then you can try buying with a tight stop below .9045. Resistance levels are light until… Read more
Australian Dollar (AUD) Trading Outlook (27-11-2013)
November 27, 2013There is no reason to try and pick a bottom in this AUD move, especially on the crosses. AUD/USD is getting oversold so we may see some .9050/.9200 consolidation over the next few sessions especially if other major pairings like GBP/USD make big bullish breaks.
Australian Dollar (AUD) Trading Outlook (26-11-2013)
November 26, 2013We may have a few sessions respite from the incessant AUD bearishness but if Deputy Governor Lowe ramps up the verbal intervention then we will be back to the same old script again. If bearish, try selling on approach to .9200 with tight stops and… Read more
Australian Dollar (AUD) Trading Outlook (25-11-2013)
November 25, 2013The focus should remain on the crosses and we can expect further AUD weakness. I’d be careful about getting overly bearish AUD/USD at these levels as it’s already fallen a long way. Play a .9060/.9240 range for the beginning of the week and be patient… Read more
Australian Dollar (AUD) Trading Outlook (22-11-2013)
November 22, 2013The big break in the AUD crosses has certainly clouded my AUD/USD buy-dips view. If pairs like GBP/AUD continue to move higher then AUD/USD will remain heavy. Nevertheless, after a 250 pip fall this week I’m of the opinion that it’s fallen far enough. Play… Read more
Australian Dollar (AUD) Trading Outlook (21-11-2013)
November 21, 2013Patience required and swing trading is the order of the day in my opinion. The big levels are at .9225/.9455 and I’m looking to build a long position inside this range. The HSBC number could send the AUD/USD 50 pips either way but I think… Read more
Australian Dollar (AUD) Trading Outlook (20-11-2013)
November 20, 2013Pick a range and trade the edges. Rallies towards .9455/60 will probably run into technical sellers and dips back under .9400 will attract bids from an intra-week market that’s modestly short of AUD. I’m still in buy-big-dip camp just in case any unexpected developments/statements drive… Read more
Australian Dollar (AUD) Trading Outlook (01-11-2013)
November 1, 2013The early focus will be on the downside and we may well get a test lower first to see how strong the reported bids are at .9410/20. It’s Friday, no-one will hold positions, so expect a reversal in the afternoon. I’m looking for a .9390/.9480… Read more
Australian Dollar (AUD) Trading Outlook (31-10-2013)
October 31, 2013Resistance levels are clear at .9520/30 and with strong bids reported at .9410/20, it’s hard to argue with this as our 100 pip range of the day.