AUD Trading Outlook Archive

INTRADAY CONCLUSION: The Chinese GDP data will determine what happens to the AUD in the short-term. The market is bearish and selling on the crosses has picked up steam. Nevertheless the bids at .9000 were very strong indeed on Friday night. Keep a close eye… Read more

INTRADAY CONCLUSION: Overall I think the USD has topped out and will fall some more but the AUD remains very weak amongst the other majors and is again nearing really important levels against the USD, JPY and EUR. Buy intraday AUD/USD dips towards .9130 with… Read more

INTRADAY CONCLUSION: I’d look to play the AUD/USD from the long side for the next few sessions. Buy intraday dips towards .9070/80 looking for a test of .9180 and possibly .9250. I don’t expect any big moves today unless the Chinese CPI is well outside… Read more

INTRADAY CONCLUSION: More of the same I’d say, with the gradually rising short-term consolidation trend in AUD/USD, driven mainly by AUD demand on crosses like AUD/JPY and GBP/AUD. I’d play .9260/.9360 again with tightish downside stops in case the down-trend re-emerges.

INTRADAY CONCLUSION: We’ve been seeing 100 pip ranges over the last few sessions with gradually rising bases so I’m expecting some more of the same. Perhaps a .9260/.9360 type range for the rest of today and as we are near the base of this, I’d… Read more

INTRADAY CONCLUSION: I’m still bullish but remain fairly cautious. If resistance at .9325 holds then I will be quick to reduce my long position and look to re-buy on deeper dips. AUD/JPY dips should be well supported but AUD/NZD rallies will meet with plenty of… Read more

INTRADAY CONCLUSION: I’m bullish. I think the AUD is heavily oversold and I expect to see some sharp rallies in coming days. Look for AUD/USD support to emerge at .9220/30 and for a base to form for next leg higher. Resistance at .9325 will prove… Read more

INTRADAY CONCLUSION: I could probably leave the same conclusion as on Friday, with range trading expected between .9150/.9250. I think .9325 is the important level to watch now in the more medium-term, because if the bulls reclaim and hold that, then I’ll be calling a… Read more

INTRADAY CONCLUSION: Looks like we should have a range trading day between .9165 and .9250, with flows and positional adjustment prior to the weekend dominating trade.

INTRADAY CONCLUSION: I’m very indecisive on the AUD/USD in the short-term so I’m tending toward a range-trading strategy between .9430/.9600. I expect a quiet session ahead of tonight’s big risk event but you never know, we could get some last minute flows.