AUD Trading Outlook Archive

Australian Dollar (AUD) the AUD/USD tracked US stocks higher and we saw a sharp spike to fresh week highs on strong March Jobs numbers. Forecast at +6k we saw a +44k result and the AUD/USD is threatening resistance at 1.0380.

Australian Dollar (AUD) the AUD/USD came under pressure with risk off trade in Europe reversing an earlier rally to 1.0350 and falling to fresh multimonth lows near 1.0230. April Consumer sentiment fell along with housing finance and this adds to calls for the RBA to… Read more

Australian Dollar (AUD) stopped falling even with the hot Chinese CPI number finding support at 1.0260 and bouncing above 1.0300. The AUD/USD has been steadily falling for the last 4 weeks and could test Parity soon if the EUR/USD falls and China continues to falter…. Read more

Australian Dollar (AUD) continued to trend lower but found support just above the previous low of the week near 1.0260 and able to consolidate at these levels. AUD/JPY has fallen near 5 Yen since the selling began a few weeks ago and is threatening to… Read more

Australian Dollar (AUD) the Aussie fell back in Asia on weak Trade data and then risk aversion in Europe saw fresh month and year lows. February Trade balance -480mn vs. -1000mn previously. The AUD/USD is in a firm downtrend but is still providing plenty of… Read more

Australian Dollar (AUD) the RBA held at 4.25% as widely expected yesterday but this did not stop selling pushing the pair lower with China slowdown fears still evident and rallies timid. The USD strength added to the push lower and we tested 1.0300 by the… Read more

Australian Dollar (AUD) the AUD/USD opened up very strong after the Chinese PMI was stronger than expected but from the Open we saw steady selling and by mid Europe we had moved down to 1.0365. The US stock market rally allowed a rally back above… Read more

Australian Dollar (AUD) the Official Chinese PMI released of the weekend saw the sharpest expansion in 12 months at 53.1 but this is in stark contrast with the private survey showing a contraction in March. Analysts are skeptical and although we opened up over 1… Read more

Australian Dollar (AUD) the AUD/USD hit new month lows near 1.0300 before rebounding with the change of mood in US trade. The outlook is negative with the China slowdown story a main theme. On the weekend we see the March Chinese PMI’s released and this… Read more

Australian Dollar (AUD) the AUD/USD is struggling to hold ground with the constant focus on China growth affecting sentiment and creating a new downtrend. Overnight the 200 day moving average was broken and we closed underneath. This is a classic sign of a fresh longer… Read more