AUD Trading Outlook Archive

INTRADAY CONCLUSION: You know my views by now, I think the AUD/USD is way oversold and due for a bounce but the trend remains bearish so we must wait for some bullish reversal signals. A break above .9050 would confirm such an event. Bears can… Read more

INTRADAY CONCLUSION: I always think it’s best to wait until after the big risk event before trading, rather than guessing which way the market will go. See how the market reacts and then make a trading decision; if resistance at .9000 seems to be holding,… Read more

INTRADAY CONCLUSION: The crosses overall still look quite heavy in the AUD but the relief rally in AUD/NZD might cause a similar reaction across other pairs in such a heavily oversold market. The bear trend however remains very strong and it’s difficult to see why… Read more

INTRADAY CONCLUSION: I’m losing confidence in the buy-dip strategy and I’d suggest a range trade between .9130/.9230 today. Keep stops fairly tight either side but with the crosses all looking a bit shaky, a sell-rally strategy on the day looks most promising.

INTRADAY CONCLUSION: Buy dips. I’m still of the opinion that we will sooner or later get a sharp short-covering spike higher. Support on the day is at .9225/35 so buy near there with a stop below .9200. Bears can look to sell any spikes towards… Read more

INTRADAY CONCLUSION: It should be another big day for the AUD with so many biglevels looming in the crosses. I’m still of the view that we are in an uncertain consolidationperiod which usually means range trading. Sentiment remains bearish, but so is positioning,so I think… Read more

INTRADAY CONCLUSION: Buying big dips towards .9075 is how I plan to play it. Despite the AUD-negative press reports over the weekend, the AUD is holding up reasonably well so I prefer to stay in dip-buying mode. The down-trend is still reasonably strong so bulls… Read more

INTRADAY CONCLUSION: I’m still stubbornly sticking to my ‘base-picking’ view in the AUD/USD and I prefer to buy dips, both on intraday and more medium term basis. Buy on the day near .9170 for a test of .9300.

INTRADAY CONCLUSION: Buy intraday dips to .9180 for a re-test of .9300. Alternatively, the bears can try selling any rallies towards .9300 with stops above .9350. I’m sticking with my bullish bias; I think the AUD will eventually break back higher towards .96/.98.

INTRADAY CONCLUSION: I’m still of the view that the most immediate risk to the AUD/USD is to the topside if/when we get a short-covering rally. Play the edges of the .90/.92 trading range and I prefer the bullish bias.