AUD Trading Outlook Archive

INTRADAY CONCLUSION: The AUD/USD remains in a strong downtrend but the AUD is starting to show modest signs of strength on the crosses. This suggests to me that we will see some range trading today, probably inside of a .9700/75 range.

INTRADAY CONCLUSION: The AUD/USD remains in a strong downtrend but the AUD is starting to show modest signs of strength on the crosses. This suggests to me that we will see some range trading today, probably inside of a .9700/75 range.

INTRADAY CONCLUSION: Yesterday’s bearish momentum took me by surprise and the fact that we have seen little or no bounce makes me think that the bears will remain in control for now. Previous support between .9850/70 is the first resistance level and should cap intraday… Read more

INTRADAY CONCLUSION: Looks like we should get some range trading today between .9870/.9920 and only a break outside of a .9850/.9940 range will add momentum in either direction. Best to stick with the bearish bias until proven wrong although I did cover some of my… Read more

INTRADAY CONCLUSION: Obviously the bears are still in complete control in AUD/USD but I wouldn’t be chasing it lower from current levels near .9900. I’d again look to play a 100-pip daily range, broadly between .9850 and .9950. Minor Australian economic data should not have… Read more

INTRADAY CONCLUSION: I’d look to play a broad 100 pip range ahead of tonight’s budget, probably between .9875/.9975. Sentiment is still bearish but we’ve come quite a long way already in recent days so there will be profit-taking interest on dips.

INTRADAY CONCLUSION: I’m staying bearish on the AUD/USD but we need to be much more careful now with entry levels as we could easily see 100 pip spikes. With USD/JPY now above 100.00, we could see a spike in the Yen crosses and that could… Read more

INTRADAY CONCLUSION: I think we may get a downside test in AUD/USD today, especially if the jobs data or Chinese CPI disappoint. The market has turned bearish AUD on the crosses and as long as this is the case, the AUD/USD will struggle to bounce.

INTRADAY CONCLUSION: We should see some volatility in the AUD today despite the Japanese holiday. Retail sales data may yet influence the RBA decision for tomorrow and we should see plenty of positional readjustment. I remain in the AUD bearish camp, but I prefer to… Read more

INTRADAY CONCLUSION: I still much prefer the short AUD trade and it’s a matter of picking your counter currency. If USD/JPY breaks below 97.00 then we can expect more liquidation of longs in pairs like AUD/JPY as well. A poor China PMI number will only… Read more