AUD Trading Outlook Archive

Australian Dollar (AUD) weak August China Trade Balance data showing a sharp drop in imports hurt sentiment towards the Aussie and prompted a pullback to 1.0330 by the end of the US session. The German court rulings and stock market movements will direct the AUD/USD… Read more

Australian Dollar (AUD) the AUD/USD fortunes improved greatly on Friday with the market caught short after weak local economic data. The weak US Dollar and soaring Gold help lift the AUD/USD above 1.0300 to 1.0400 highs by the close. Some weak Chinese data over the… Read more

Australian Dollar (AUD) the market was caught short on the AUD yesterday and we saw a large move higher in the US session as stock markets surged. Resistance was found at 1.0300 and we have pulled back slightly so far in Asia but remaining strong…. Read more

Australian Dollar (AUD) support was found under 1.0170 overnight and we bounced back above 1.0200. Q2 GDP was slightly worse than expected yesterday at 0.6% vs. 0.7% previously. August Unemployment was mixed with a fall -8k jobs but also a drop in the unemployment rate… Read more

Australian Dollar (AUD) the market continued to sell into any AUD/USD strength with a post RBA rally yesterday leading to a heavy sell off down to 1.0200. The RBA noted some caution about China and recent weak data but also that the Australian economy was… Read more

Australian Dollar (AUD) the Aussie hit fresh downtrend lows near 1.0240 before a small rally with the EUR/USD strength helped the AUD/USD range trade for the rest of the day. The RBA meet today and although they are not expected to cut they may be… Read more

Australian Dollar (AUD) the AUD/USD continued to slump on Friday to fresh lows at near 1.0280 before bouncing with the EUR/USD into the Bernanke Speech. The price action was capped at 1.0350 and we are under pressure again in Asia Monday as Chinese PMI fell… Read more

Australian Dollar (AUD) the AUD/USD is weakest currency in the market with fresh daily lows in the market as the China slowdown and drop in Iron Ore prices leads to further fears for the Australian economy. Support was seen at 1.0280 and we are now… Read more

Australian Dollar (AUD) the AUD/USD is getting a lot of attention in recent days with the China slow down story getting worldwide press and Iron Ore Prices tumbling as demand from China slumps. Large mining companies in Australia are falling heavily as the market gets… Read more

Australian Dollar (AUD) AUD/USD found support at 1.0350 and was able to bounce slightly on Tuesday but sellers came in to quickly cap the risk sensitive currency near 1.0380. Stock market direction will be the main driver this week with the RBA meeting next week… Read more