AUD Trading Outlook Archive

Australian Dollar (AUD) the AUD/USD was under pressure from AUD/JPY liquidations but the 1.0225 level held firm and we have seen a solid bounce in the Asian session following some hawkish commentary from the RBA Governor Stevens. UPDATE RBA Governor Stevens ‘China Slowdown Over’.

Australian Dollar (AUD) the AUD/USD sell off from 1.0370 was aggressive and tracked the gold plunge with the commodity linked currency falling to 1.0250 by the end of the US session. Strong stock market selling in Asia today and no AUD bounce has led many… Read more

Australian Dollar (AUD) the Aussie was weak but found support at 1.0280 and bounced back to 1.0310 by the end of the US session close. AUD/JPY is supporting and is pressuring resistance Y96.90. The medium term outlook is for RBA rate cuts and AUD to… Read more

Australian Dollar (AUD) the AUD/USD came under pressure after failing to break above 1.03700 on multiple occasions on Thursday and Friday. The bulls threw in the towel and we fell to 1.0300 and opened weak in Asia Monday leading to more calls of AUD/USD weakness… Read more

Australian Dollar (AUD) the AUD/USD tried to break the key resistance again at 1.0370 but failed to breach the strong level and has been in a range between 1.0360 and 1.0340 for the past two trading sessions. The recent selling has been due to EUR/AUD… Read more

Australian Dollar (AUD) the Aussie was strong making a run at large stop above 1.0360 before finding the sellers camped just above the level and falling back 1.0340 in Asian trade today. The AUD/JPY and EUR/AUD are the main crosses moving daily with buyers on… Read more

Australian Dollar (AUD) the Aussie reversed aggressively yesterday after finding support at fresh trend lows near 1.0230. The short squeeze has continued so far in Asia with stops being hit up to 1.0360. February Westpac consumer sentiment showed a surge of 7.7% vs. 0.6% previously… Read more

Australian Dollar (AUD) the AUD was weak from the open and fell to fresh lows as EUR/AUD buying resumed in mass. 1.0250 has held strong so far on two attempts in Asia but the trend will be hard to reverse given the deteriorating Australian outlook… Read more

Australian Dollar (AUD) the AUD/USD is continuing to slide with little bounce as the technical remain bearish and we move further from the stable 1.030-1.06 range that had held for the past few months. Parity is the obvious target for the bears while support is… Read more

Australian Dollar (AUD) the AUD/USD broke through major technical support and out of its long term 1.0360-1.0620 range leading to many sell recommendations from FX technical houses and investment banks. The outlook is not clear however as demand from reserve managers from around the world… Read more