USD Trading Outlook Archive

AUD/USD The pair slipped in Europe after the 10-DMA capped any gains overnight. NY walked in with the pair near 0.7665. Bear pressure remained in NY as the USD was firm early on. Short-term support near 0.7640/45 was eventually cleared and the pair’s slide accelerated… Read more

AUD/USD The doji formed on Wednesday saw upside follow through today as Europe pushed AUD/USD just above 0.7680 into NY’s open due to broad based USD weakness. NY kept the pair bid early on and then spiked the pair up on the disappointing retail sales… Read more

AUD/USD The slide in Asia didn’t progress much in Europe. The pair held above 0.7600 for most of Europe’s morning as EUR’s collapse drove EUR/AUD below 1.3900 and prevent AUD/USD from sliding. NY walked in with AUD/USD near 0.7610 and the pair lifted above 0.7630… Read more

AUD/USD Bear momentum in Asia carried over in Europe. AUD/USD set a new trend low of 0.7603 on the soft Oz NAB readings and broad based USD strength. A slight bounce had the pair near 0.7635 into NY’s open. The pair spiked above 0.7680 as… Read more

AUD/USD Hourly resistance in the 0.7740/45 area stalled two short covering rallies that occurred in European and NY trading. NY’s lift barely made it to 0.7740 as broad based USD strength was the theme for the session. The pair got a bit more weight added… Read more

AUD/USD A quiet European morning was disrupted upon NY’s opening. The pair near 0.7810 as NY got going. Broad based USD sales by those expecting a weak US jobs report boosted AUD/USD to a 0.7846 high. The gains evaporated in short order after the NFP… Read more

AUD/USD The pair gave back the post-Lowe comments gains but held above the post-Oz GDP low in Europe as AUD/NZD’s rally negated USD strength. The pair sat near 0.7810 as NY got going. The USD’s rally turned out to be too powerful to ignore in… Read more

AUD/USD Early NY saw gains in Europe added to. The ADP miss put the USD off balance at first as yields softened. AUD/USD ran stops above 0.7850 but could only manage a new high of 0.7860. USD strength, lead by EUR/USD sales, quickly emerged. AUD/USD… Read more

AUD/USD NY erased Europe’s post-RBA profit taking slide. Upon the open NY lifted the pair off the 0.7800 region as falling US yields brought on broad based USD weakness. The lift managed to match the post-RBA spike high. No further gains were possible though. Offers… Read more

AUD/USD A tight range held for the pair in Europe & NY. AUD/USD held close to the day’s lows and was unable to take back much of the post-China RRR cut losses. Bear signs are upped ahead of the RBA. A bearish outside candle formed,… Read more