AUD Trading Outlook Archive

Australian Dollar (AUD) the AUD/USD broke briefly above 1.0500 overnight but we find ourselves back down at 1.0480 once again with the EUR/USD slumping. The slow grind higher will require EUR/USD support to get back above the 1.0500. Australian November Jobs data was solid with… Read more

Australian Dollar (AUD) the AUD/USD was quiet at 1.0480 but we found strong resistance here and pulled back to 1.0450 as the Dollar fought back in the US session. The RBA rate cut and weak retail data earlier in the week has been overlooked so… Read more

Australian Dollar (AUD) The AUD/USD was in play yesterday with a cut by the central bank (RBA) of 0.25% to bring the Interest rate to 3.0%. The rates are now as low as the 2009 Crisis levels but the AUD/USD was not sold aggressively in… Read more

Australian Dollar (AUD) some weak November retail sales data yesterday saw AUD/USD back below 1.0400 but this was only temporary and we quickly moved back to 1.0430 ahead of the RBA decision today. The RBA is forecast to cut by 0.25% but this is widely… Read more

Australian Dollar (AUD)remained supported on dips so far with AUD/USD falling from 1.0480 to 1.0410 Friday as Gold fell sharply and long traders took profit ahead of Tuesday’s RBA meeting which is now pricing in an 80% chance of a rate cut. Looking ahead, October… Read more

Australian Dollar (AUD) was less buoyant than most other majors in light of growing optimism, despite its perceived role as a favoured risk yielding currency. RBA minutes released earlier in the week highlighting the possibility of a rate cut in coming months, added to the… Read more

Australian Dollar (AUD) continued to be pressured by weak US stocks with support at 1.0350 broken in Europe and we hit day lows at 1.0310 later in the US session. Most AUD crosses have been giving back gains in the last two trading days but… Read more

Australian Dollar (AUD) dipped under 1.0400 briefly but strong buying has seen the uptrend resume during the US session and we are close to the 1.0440 resistance. Falling expectations that the RBA would be cutting rates has changed the feel of the AUD and the… Read more

Australian Dollar (AUD) was well supported with a reconfirmed AAA rating and strong inflows into Australian Bonds. China’s Trade balance surged on exports and received lots of attention over the weekend with many analysts seeing this as evidence of a soft landing. EUR/AUD is grinding… Read more

Australian Dollar (AUD) strong Chinese economic data over the weekend is sure to support the AUD this week with it becoming clear China’s economy will have a soft landing. Further Chinese Stimulus is also on the cards with the change in leadership last week opening… Read more