AUD Trading Outlook Archive

Australian Dollar (AUD) the AUD/USD was almost in another world yesterday spending most of the day grinding lower to major range support at 1.0370. The catalyst was the RBA holding at 3.0% but stating that there was room for more rate cuts if needed because… Read more

Australian Dollar (AUD) the AUD has had an interesting 23 hours trade able to defy the usual risk off selling flows as EUR/AUD liquidations help support but then pummeled in Asia after the RBA left the door open for further cuts in a surprising neutral… Read more

Australian Dollar (AUD) consolidated near 1.0400 on Friday unable to rally but at least the selling has subsided for now. The RBA is ahead on Tuesday and they are not expected to cut but traders will be watching the commentary closely for any hints about… Read more

Australian Dollar (AUD) the AUD continued to underperform overnight with selling once again selling into a small rally inspired by strong AUD/JPY buying and EUR/USD moves higher. The main reason for the underperformance has been strong cross buying on the EUR/AUD and GBP/AUD which have… Read more

Australian Dollar (AUD) the Aussie was sold across the board in a worrying sign for the bulls with most crosses trending against AUD. In Asia Thursday, we saw fresh trend lows to 1.0380 after a rating report suggested downside risk to the commodity powerhouse and… Read more

Australian Dollar (AUD) the Aussie had a positive day rising with the US stock markets and taking a break from the constant selling seen on Friday and Monday. NAB Business Confidence gained 10 points in a good sign that the economy was picking up and… Read more

Australian Dollar (AUD) the AUD/USD is entering a short term downside test with 1.0400 breaking overnight and 1.0380 hit before consolidating at the 1.0400. The market was thin due to Australia day. Looking ahead, NAB Business Confidence previously at -9.

Australian Dollar (AUD) the AUD/USD found buyers scarce with the technical break to the downside out of the recent 1.05-1.06 range suggesting more losses are likely. The main reason for selling has been EUR/AUD unwinding with the cross hitting fresh trend highs above 1.2900. AUD/USD… Read more

Australian Dollar (AUD) the AUD/USD broke out of the recent range to the downside bowing to the USD strength even as Chinese Manufacturing picked up in January according the HSBC PMI Survey. AUD/USD broke through 1.0500 and 1.4080 support which had held for the past… Read more

Australian Dollar (AUD) The Aussie kept to its recent range like clockwork bouncing off 1.0530 after CPI came out more cooler than forecast at 2.25% vs. 2.4% y/y. The market has been unable to break out of the recent range for 3 weeks now and… Read more