AUD Trading Outlook Archive

Australian Dollar (AUD) the AUD/USD downside was tested again overnight falling to 1.0150 but failing to break and bouncing back to 1.0200. The outlook is mixed with the fate of the Eurozone and the China to unknowns as of now. Sellers are looking for a… Read more

Australian Dollar (AUD) the AUD/USD is struggling to keep up with the Euro and we had another round of selling on Friday. The market hit highs at 1.0270 and after a few failed attempts reversed direction. The sellers took the pair all the way down… Read more

Australian Dollar (AUD) the AUD/USD enjoyed a relief rally after being under pressure for most of the week. Strong US stocks and a weak USD is supporting for now but on its own the AUD has lost a lot of support recently given the change… Read more

Australian Dollar (AUD) the AUD/USD selloff continued but support was found at 1.0200 and we spent most of the day at the level. August Trade Balance blew out to a -2bn deficit vs. -700mn forecast. Support is seen at 1.0165 the low from September. UPDATE… Read more

Australian Dollar (AUD) The AUD/USD was crushed lower for most of the day after the Central bank surprised most economists by cutting its interest rate to 3.25% vs. 3.5% previously. Citing China’s slowdown and ongoing global uncertainty and EU issues the RBA thought it prudent… Read more

Australian Dollar (AUD) the AUD/USD is another currency getting a lot of attention overnight with the RBA today and many expect them to cut rates to help support a faltering economy. The AUD/USD bounced off 1.0330 supports in Asia yesterday but failed at 1.0400 and… Read more

Australian Dollar (AUD) the AUD/USD is following the stock markets and the commodities so we had a negative day on Friday as US equities fell hard. The general China slowdown fears are always lurking in the background and makes it easy to sell on rallies…. Read more

Australian Dollar (AUD) the AUD/USD has enjoyed solid gains back above 1.0400 and closing at 1.0450 as risk appetite picks up and Gold and Oil surge higher. The next big risk event is the weekend release of China’s HSBC PMI. Looking ahead, HSBC PMI previously… Read more

Australian Dollar (AUD) the AUD/USD rallied off fresh week lows under 1.0350 and is sitting just under the previous support at 1.0380 and is looking to stock markets and the RBA rate meeting next week for fresh direction. Most economists see the RBA cutting rates… Read more

Australian Dollar (AUD) the AUD/USD bounced to 1.0460 before the sellers took commodity currency lower to fresh week lows under 1.0400. The longer term outlook is for losses if the RBA cuts rates next Tuesday. Looking ahead, no economic data.