AUD Trading Outlook Archive

INTRADAY CONCLUSION: The AUD has fallen a long way on some of the crosses but the volumes are still very large and mainly AUD negative. I prefer pick a wide range in AUD/USD and play that with a mild bearish bias.

INTRADAY CONCLUSION: Selling rallies in the AUD is the safest bet at the moment whilst this very bearish phase is on-going. Long-term AUD long positions are still being cleaned out and as long as this is happening, its pointless fighting the trend. On the day,… Read more

INTRADAY CONCLUSION: It is likely to be volatile today with positional adjustment ahead of the RBA decision at 2:30 pm Sydney time. AUD/USD is still in a downtrend but this has started to reverse aggressively so both sides of the market are vulnerable. I’d suggest… Read more

INTRADAY CONCLUSION: Range trading today; AUD/JPY has important technical points reasonably close to the opening levels and any interest to sell AUD/USD rallies is likely to be counter-balanced by flows in pairs like AUD/NZD, where short-covering has set in. I’m tipping another 100 pip day,… Read more

INTRADAY CONCLUSION: I’m expecting a busy day so keep your powder dry and wait for silly moves either way; buy any large dips back towards .9580 or sell near .9700 with a very tight stop and then try selling again near .9775. There should be… Read more

INTRADAY CONCLUSION: Much will depend on what happens in the Nikkei and in AUD/JPY; if they both break lower then AUD/USD will be back on the 95 handle. Sentiment remains AUD bearish but speculators are short, so we could still get some short-covering rallies. Perfect… Read more

INTRADAY CONCLUSION: I still think we will see some lengthy periods of consolidation and even if technical support at .9580 is breached, we should still see plenty of buying interest near .9550. I’d look for .9570/.9650 type range.

INTRADAY CONCLUSION: It should be an interesting session for the AUD/USD which will either need to break its short-term downtrend or its major daily support. A break either side should give us a clear indication of where the next 200 pip move is headed.

INTRADAY CONCLUSION: Now that the Fed is behind us, the dominant market trend of USD strength can reassert itself. The AUD is the markets whipping boy along with the CHF, and further losses in AUD/USD are likely. Sell any intraday rallies towards .9750.

INTRADAY CONCLUSION: Range trading should continue to dominate but I expect an increase in volatility with the BOJ decision and Fed testimony ahead. Look to trade a wide .9750/.9925 range in the AUD/USD with a neutral bias.