AUD Trading Outlook Archive

INTRADAY CONCLUSION: I think the bears might have a try at pushing the AUD lower, especially if stockmarkets stay soft and AUD/JPY attracts more sellers. If this does happen, it will more likely come from a weaker USD/JPY rather than a big fall in the… Read more

INTRADAY CONCLUSION: Price action remains bullish in the AUD/USD, in my view, and I see any risk now ahead of the Fed as being to the topside. The macro market is short of AUD/USD and we must see if they can hold their nerve. Buy… Read more

INTRADAY CONCLUSION: Once the stop-loss runs have died down, it still makes sense to sell the AUD on rallies against the EUR and GBP in particular. AUD/USD sentiment could change significantly if we get a strong close above .9350.

INTRADAY CONCLUSION: After yesterday’s events I am now in the sell-AUD-rally camp, but primarily on the crosses as I’m still not a big fan of the USD especially pre-FOMC. Sell AUD/JPY near 93.00 or buy GBP/AUD near 1.6950.

INTRADAY CONCLUSION: AUD bulls are back in control and if big resistance levels (like .9350 in AUD/USD and 93.70 in AUD/JPY) can be overcome then we should see further swift gains. I booked profit on my long position as I feel it’s a bit overdone… Read more

INTRADAY CONCLUSION: With EMs starting to calm down, hopefully, we should have a relatively quiet range-bound day. I’d play the .8970/.9030 range edges whilst trying to get a feel for the market. Positioning remains at extreme short levels so we may get some pre-weekend profit… Read more

INTRADAY CONCLUSION: We are nearing important support levels for the AUD against the JPY, NZD and EUR. It’s natural for the market to test these so I am expecting some downside probes early in the day, especially if the RBA minutes are reported as ‘dovish’… Read more

INTRADAY CONCLUSION: I expect to see further volatile consolidation in the AUD/USD between .90/.93 over the coming week as the market fluctuates between risk aversion and USD selling. I think we will see buying emerge .9130/40 and we may get a test of those reported… Read more

INTRADAY CONCLUSION: The great unwind of AUD-shorts has begun but we still need to pick our entry levels carefully. The Aussie is soon to run into resistance against the JPY at 89.00, against the NZD above 1.1500 and against the EUR near 1.4350, so I… Read more

INTRADAY CONCLUSION: I expect to see AUD/USD higher again before the weekend but we could see a morning dip, so keep stops well below .9030. Bears need to be patient in my view, but may get another chance to sell close to .9300 if more… Read more