AUD Trading Outlook Archive

Australian Dollar (AUD) the major found support at 1.0300 before bouncing with the Euro. The outlook is negative for the Aussie Fundamentally but the FX market works a lot with correlations and if global stock markets rally then the AUD/USD should be dragged higher.

Australian Dollar (AUD) AUD/USD reversed from 1.0400 as stocks and commodities crashed on Friday. The resurgence of the Aussie last week caught traders off guard with the recent RBA rate cuts not yet leading to substantial AUD weakness. Looking ahead, Japanese Trade Balance forecast at… Read more

Australian Dollar (AUD) the AUD/USD risk on rally stalled at 1.0400 overnight and we are seeing some selling come through in Asia Friday. China GDP came out at 7.4% as expected and is helping the Aussie which had been under pressure because of China hard… Read more

Australian Dollar (AUD) AUD/USD played catch-up with the rest of the risk rally and we saw a move above 1.0300 to 1.0380 in the US session. China Data released today is the main risk event for the Aussie this week with the largest trading partner’s… Read more

Australian Dollar (AUD) was left behind in the risk rally only able to gain 30 pips to 1.0300 during the day as EUR/AUD continued to be unwound to the topside and RBA is likely to cut rates next month. Data from China has been stable… Read more

Australian Dollar (AUD) the AUD/USD underperformed most majors yesterday as the market continues to price in RBA rate cuts next month. Support was found at 1.0200 and we ended the day at 1.0250 and well supported on the strong US stock performance. The RBA minutes… Read more

Australian Dollar (AUD) the AUD/USD tried to break 1.0300 at the same time as EUR/USD attempted to break 1.3000 on Friday during the European session. Both pairs failed and we have fallen back on Friday night and Monday morning to 1.0200 on the Aussie and… Read more

Australian Dollar (AUD) the AUD/USD enjoyed gains yesterday as September Jobs reports showed more jobs were made last month than forecasted. The Unemployment Rate however did jump to 5.4% vs. 5.1% as more people returned to the labor market. Resistance was found at 1.0300 and… Read more

Australian Dollar (AUD) the AUD/USD has a big day ahead after consolidating near the 1.0200 level. The September Unemployment Rate is expected to increase to 5.3% vs. 5.1% previously. The Employment Change is forecast at 3.75k vs. -8.8k previously. AUD/JPY is back below Y80 and… Read more

Australian Dollar (AUD) the AUD/USD downside was tested again overnight falling to 1.0150 but failing to break and bouncing back to 1.0200. The outlook is mixed with the fate of the Eurozone and the China to unknowns as of now. Sellers are looking for a… Read more