AUD Trading Outlook Archive

Australian Dollar (AUD) the AUD/USD moved up to 1.0550 in European session in line with the EUR/USD move higher but when selling came in later the market sold the Aussie hardest and we saw the EUR/AUD and GBP/AUD unwind for further gains. The 200 Day… Read more

Australian Dollar (AUD) the AUD/USD buyers are cautious although we broke above the 1.0500 with last week China related selling still fresh in trader’s minds. The AUD/JPY is on the rally and will support if a fresh stock rally begins from Bernanke’s comments. Looking ahead,… Read more

Australian Dollar (AUD) the China linked currency fell heavily on the China PMI miss and is firmly in a downtrend breaking below 1.0400 and hitting new month lows. Support was found later in the day at 1.0350 before a small relief rally in the US… Read more

Australian Dollar (AUD) the AUD/USD found good selling above 1.0500 with the China news continue to weigh and US stock falls and negative Euro News also adding to the downside. The outlook is mixed with further downside favored if Chinese data continued to soften. Looking… Read more

Australian Dollar (AUD) the AUD/USD has been played as the Chinese currency in recent months so when the China slowdown news from BHP hit the wires the European and the US traders sold the AUD aggressively across the board for one of the heaviest one… Read more

Australian Dollar (AUD) the AUD/USD found heavy resistance above 1.0600 and fell back in Asia today after the world’s largest miner and Australia’s biggest company BHP noted demand for Iron Ore out of China has fallen and some of its planned investments may need to… Read more

Australian Dollar (AUD) the AUD/USD has been under pressure all week until the buyers finally sparked a short squeeze overnight and we saw a move back above 1.0500. The AUD/JPY is testing Y88 and a break here might drag the major higher as well as… Read more

Australian Dollar (AUD) the AUD/USD has been under pressure all week until the buyers finally sparked a short squeeze overnight and we saw a move back above 1.0500. The AUD/JPY is testing Y88 and a break here might drag the major higher as well as… Read more

Australian Dollar (AUD) the AUD/USD broke lower with the USD strength to much for the China linked risk currency falling below 1.0500 and sliding to fresh multi month lows near 1.0420. The news out of China is for a continued managed slowdown to counter rising… Read more

Australian Dollar (AUD) the Aussie was the weakest currency in the market yesterday with China’s recent slowdown hurting the Asian commodity first. Support was found under 1.0500 and we have opened the day stronger in Asia as bargain hunters look to buy the dip. Looking… Read more