USD Trading Outlook Archive

AUD/USD USD weakness in early NY had AUD/USD pressing up against hourly resistance in the 0.7810 area. The USD’s slide abated though and AUD/USD begin to drift from the high. The pair’s slide accelerated and ran stops through 0.7780. Buys in EUR/AUD seems to be… Read more

AUD/USD The weak USD in Europe’s morning inspired bulls to test s-t resistance near 0.7880. Several attempts failed and the pair pulled back to the 0.7865 area into NY’s open. NY made their own try at cracking the resistance but failed just as well. A… Read more

AUD/USD The pair held below 0.7900 in Europe’s morning and was unable to benefit from general USD weakness as upped concerns of an RBA cut and AUD/NZD’s slide towards 1.0275 weighed. NY walked in with the pair near 0.7890. The weak durable goods data weighed… Read more

AUD/USD Bull pressure applied in Europe persisted in early NY. A soft USD and short covering by model accounts were attributed to the rise. NY walked in with the pair near 0.7900 and sitting there into CPI. Upon the data release the pair initially slipped… Read more

AUD/USD Early Europe saw AUD/USD smash much of the gains made in Asia. The pair dived from the 0.7840 area and down to 0.7764 before lifting to the 0.7800 area into NY’s open. The USD was soft for most of NY trade and this had… Read more

AUD/USD A quiet European morning was abruptly stirred to life in early NY. Soft US bond yields had the market leaning more in favor of unwinding USD longs since the Fed’s action from Wednesday. AUD/USD sat near 0.7690 as NY got going. The USD sell-off… Read more

AUD/USD The pair was driven down to the 200-HMA in Europe’s morning before bouncing towards 0.7710 into NY’s open. Bears took control in early NY as the USD continued to claw back post-FOMC losses and talk that the RBA may now act on their own… Read more

AUD/USD Shorts decided it would be best to cover in NY’s morning as positioning was stretched and the Fed risk loomed. AUD/USD sat near 0.7610 into NY’s open and bull pressure was applied right out of the gate. Broad based USD weakness aided the pair’s… Read more

AUD/USD A rally in Europe’s morning stalled shy of the March 16 high and 200-HMA. The pair slipped from the 0.7666 high & sat near 0.7650 into NY’s open. NY applied bear pressure right out of the gate even as housing data was soft. A… Read more

AUD/USD Some short covering took hold in Europe’s morning and NY added to that bias early on. The pair sat near 0.7645 into NY’s open. A series of soft US data prints put the USD on its heels. AUD/USD quickly lifted to the 0.7680 area… Read more