AUD Trading Outlook Archive

Australian Dollar (AUD) was under heavy selling pressure on Friday as the RBA downgraded the growth and inflation outlooks for 2012 in their Quarterly Monetary statement. The market has been overbought and the move from 1.0800 to 1.0650 has helped shake out the weak longs… Read more

Australian Dollar (AUD) underperformed with the market unable to make fresh daily highs and closing back under the 1.0800 level. The RBA quarterly statement remained cautious on the outlook with downgrades to 2013 growth and inflation targets. Looking ahead, January PPI forecast at 0.1% vs…. Read more

Australian Dollar (AUD) came under profit taking pressure with the recent AUD/USD rally falling back to 1.0740 early Asia Thursday after high Chinese inflation. Update Chinese January CPI at 4.5% vs. 4.1% y/y previously. Looking ahead, BOE Rate Announcement forecast a hold at 0.5% vs…. Read more

The AUD/USD was the strongest currency in the market when the RBA shocked traders leaving interest rates at 4.25% vs. a 0.25% most expected. AUD/USD broke above 1.0800 and is eyeing all-time highs at 1.1000 seen last year. Looking ahead, Q4 NZD Employment Change forecast… Read more

Australian Dollar (AUD) the AUD/USD consolidated the rally on Friday but did test the 1.0680 support level after the December Retail sales fell -0.1% vs. 0.2% forecast. The AUD/JPY was also supported below Y82 with traders looking to the firm resistance at Y85 in coming… Read more

Australian Dollar (AUD) the AUD/USD rallied with US stocks as the traditional risk asset still outperformed after the US jobs numbers. The RBA meets on Tuesday and are expected to cut rates as the Australian economy slows down. The recent jobs and inflation data has… Read more

Australian Dollar (AUD) the AUD/USD followed the same theme trading in a 50 pip range above the 1.0700 level and the consolidating the rally. Further stock market gains tonight on the back of strong US jobs numbers would be needed to move the Aussie to… Read more

Australian Dollar (AUD) the AUD/USD was well supported on dips and reversed more aggressively than most to fresh month and 2012 highs above the 1.0700 key resistance. The 1.1100 all-time highs are in view but the stock market will have to continue to stretch gains… Read more

Australian Dollar (AUD) the Aussie rallied in Asia but failed for a third time at 1.0680 and fell back with US stock markets. The Continued failure is suggesting the rally has run out of steam and either consolidation or a pull back are in store…. Read more

Australian Dollar (AUD) the AUD/USD was technical set up for a significant correction after the double top at 1.0680 and this proved correct with a sharp fall to 1.0530 before reversing with fresh buyers and the bounce in US stocks. The outlook and trend is… Read more