USD Trading Outlook Archive

AUD/USD The Post RBA minutes AUD/USD decline based at 0.9208 Wed. Initial support now 0.9214 lows Thrs/Fri, 0.9200 barrier, 200dma at 0.9173. Resistance at highs Fri/Thrs 0 .9250/74, 50dma 0 .9283, 10dma 0.9298, 21dma 0 .9304, 30dma 9310. Pair also well within daily cloud 0.9176/0.9307…. Read more

The Australian Dollar (AUD): AUD/USD The 55-DMA capped Asia’s rally & Europe pushed the pair toward 0.9220 into NY’s open. Bears made a push in early NY as USD/JPY was firm. The 0.9200/15 support was tested again but held as the 0.9214 low was all… Read more

AUD/USD Spec offers ahead of the daily cloud top and talk of Asian offers in the 0.9300 area stymied the post-China inspires AUD/USD rally. Bears in Europe jumped on the chance to sell and lowered the pair from 0.9274 towards 0.9240 into NY’s open. Early… Read more

The Australian Dollar (AUD): The pair was under pressure as US yields put the dollar on solid footings and it traded to a new trend low of 0.9208. Post minutes saw another spike up on USD but gains were quickly erased as US yield pulled… Read more

The Australian Dollar (AUD): Early Europe stop loss run through 0.9290 accelerated the drop on the pair after RBA minutes/Debelle comments also inspired the slide. A dip below 0.9250/60 was seen but bounce was only limited to 0.9270-75 area. Hawkish comments from Fed Plosser saw… Read more

The Australian Dollar (AUD): Europe made two attempts to trade the pair below 0.9345 but failed and bounced to 0.9355 as NY walked in. NY pressed the pair higher to test hourly resistance near 0.9365/70 but was unable to push further. S&P warned that Australia’s… Read more

The Australian Dollar (AUD): The 21-DMA and local bid once again held the pair on the downside. EUR/AUD’s rally reversed at 1.4700 and AUD/NZD’s lift off 1.0820 towards 1.0850/55, saw the pair bounced from 0.9335 to 0.9365. A better than f/c U.S housing data only… Read more

The Australian Dollar (AUD): The pair was pushed lower in Europe session as it failed to penetrate weekly cloud and sat around 0.9365 as NY got going. The better than f/c U.S CPI initially hit the AUD to 0.9340 before pausing. The USD gains were… Read more

The Australian Dollar (AUD): The pair made two attempts in early Europe session to run stops above 0.9410 but failed and slid back towards 0.9385 as NY started. Bulls started to lose hope as USD slide lost steam. The AUD then slid from NY high… Read more

The Australian Dollar (AUD): Europe pushed the pair lower before Australia Government budget report and hit a low of 0.9333. Short covering started as there were no major surprises in the report. The lift got further boosted as Germany’s Buba agrees with ECB’s June stimulus… Read more