Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run

Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run

Australian Dollar: USD/AUD (AUD=X) RBA extended its record-breaking run The Australian and New Zealand Dollars are trading higher on Tuesday, following the release of the RBA Rate Statement. At 0349 GMT, the AUD/USD is trading .7369, up 0.0011 or +0.15% and the NZD/USD is at .6961, up 0.0032 or +0.45%. The Reserve Bank of Australia […]

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410 We have held the same view since last Thursday (29 Nov, spot at 0.7305) wherein the “the prospect of 0.7199 as a short-term bottom is quite high). We added, “confirmation of a short-term bottom is only upon a clear break above 0.7335/40”. AUD blast past […]

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit Australia has entered a period of tighter credit, as regulators look to bring down reliance on the housing market. The Royal Commission has made this scenario worse, as banks under intense spotlight retreat from the public eye. Australians have considerable wealth stored in housing […]

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies The Australian dollar surged on Wednesday as doubts about the pace of rate hikes from the US Federal Reserve resurfaced. After doing very little for the majority of the session, the AUD/USD jackknifed higher in North American trade, fueled by remarks from US Federal Reserve […]

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise The Australian Dollar US Dollar (AUD/USD) exchange rate has been volatile over the past twenty-four hours, and is currently trading at a rate of $0.7234 with the ‘Aussie’ making an attempt to push back against the ‘Greenback’. Tuesday saw iron ore spot markets […]

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level The Australian dollar kicked off the week very positively, breaking towards the 0.73 level. However, by the time the Americans came on board it was already rolling over and showing signs of exhaustion above the 0.7250 level. Because of this, I think it’s only […]

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot The Australian dollar retreated from the highs as global stock markets were on the back foot once again. Capital expenditure, Chinese PMI’s, and the G-20 meetings stand out. Here are the highlights of the week and an updated technical […]

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected The Australian dollar rebounded on Wednesday after a shellacking a session earlier, helped by an improvement in investor risk appetite. Light volumes and position squaring ahead of Thanksgiving in the States largely explain the move given an absence of major news during the session. After beginning trade at […]

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout AUD/USD is turning higher from the 76.4% retracement, following a recent breakout through $0.7315 resistance. That break negates the wider bearish outlook, pointing towards a potential period of upside. With that in mind, the respect of the 76.4% retracement level at $0.7205 points towards a […]

Australian Dollar: USD/AUD (AUD=X) concerns over the economy

Australian Dollar: USD/AUD (AUD=X) concerns over the economy

Australian Dollar: USD/AUD (AUD=X) concerns over the economy The Australian Dollar retreated from three-month highs Tuesday after a sell-off in international stocks that sent a frosty wind through currency markets. Stock markets in the U.S. and Asia slumped late in the Monday session after the National Association of Home Builders (NAHB) Housing Market index posted […]

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level AUD/USD has managed to break through a crucial area of resistance, with the rally above $0.7315 pointing towards an end to the downtrend in play throughout 2018 so far. With that in mind, further upside looks likely, with a bullish short-term outlook in play unless we see […]

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles The Australian dollar stabilized on higher ground, enjoying an upbeat jobs report and a focus on others’ troubles. The Reserve Bank of Australia stands out in the upcoming week. Here are the highlights of the week and an updated technical analysis for AUD/USD. […]

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid

Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid The Australian Dollar swept higher against all rivals Thursday after official data showed the Antipodean labour market going from strength-to-strength in October, but some analysts are warning that things might already be about as good as they are likely to get for […]

Australian Dollar: USD/AUD (AUD=X) downside likely after overnight retracement

Australian Dollar: USD/AUD (AUD=X) downside likely after overnight retracement

Australian Dollar: USD/AUD (AUD=X) downside likely after overnight retracement AUD/USD managed to regain some ground following a fall below the $0.7182 swing low. That break below $0.7182 means that the upside we have been seeing is likely to be a retracement of the $0.73-$0.7164 sell-off, before we turn lower once more. However, with price the heading […]

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again

Australian Dollar: USD/AUD (AUD=X) trade tensions ease again The Australian dollar is rocketing higher in Asian trade, boosted by signs of a continued thawing in trade tensions between the United States and China. According to the South China Morning Post, Chinese vice-premier Liu He will travel to the United States ahead of the G20 leaders […]

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315

Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315 Despite overall positive indications, AUD has not been able to make much headway on the upside. It touched a high of 0.7303 last Thursday (08 Nov) but has since eased off. For now, we continue to see a chance for AUD to test the strong 0.7315 resistance. […]

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out

Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out The Australian dollar enjoyed a second consecutive week, but the rally met its limits. What’s next? Australia’s jobs report and wage data stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia […]

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP

Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP The AUD/USD is trading just below the major level at 0.7300, after a sharp run-up from where we’ve been recently. We traded nearly at the 0.7000 level, but since that point, the buyers have come thick and fast. The channel that we have been in […]

Australian Dollar: USD/AUD (AUD=X) continues to regain ground

Australian Dollar: USD/AUD (AUD=X) continues to regain ground

Australian Dollar: USD/AUD (AUD=X) continues to regain ground AUD/USD has turned higher once more, despite the initial respect of the 76.4% Fibonacci resistance. The long-term downtrend remains intact unless we see a break through the $0.7315 swing high. However, with the price having broken through both trendline and now Fibonacci resistance, we are increasingly seeing a wider […]

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue

Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue The Australian dollar has rallied over the last several days, reaching towards a major downtrend line and coinciding with the 0.7250 level, an area that I think will be rather stringent and difficult to break above. If we do, that’s […]

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance AUD/USD rallied into the 76.4% retracement last week, with the pair moving lower since. The trendline breakout seen recently points towards a possible bullish reversal for this pair, yet we would need to see a move above $0.7315 to provide greater credence to that idea. Until then, it […]

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value

Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value The Australian Dollar rose broadly Thursday after official data revealed a sharp increase in the nation’s trade surplus during September, providing a tailwind to a currrency that is also being boosted by a series of positive developments in China. Australia’s trade surplus rose to $3.02 […]

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment The Australian Dollar stumbled Wednesday after an eighth consecutive inflation disappointment vindicated the market for its pessimism about the outlook for interest rates down under, and as data suggested the Chinese economy is beginning to creak under the pressure of U.S. tariffs. Australian inflation rose […]

Australia: USD/AUD (AUD=X) could break down rather drastically

Australia: USD/AUD (AUD=X) could break down rather drastically

Australia: USD/AUD (AUD=X) could break down rather drastically I believe that the 0.70 level underneath is going to continue to be a crucial level to pay attention to. The large come around, psychologically significant figure giving way to selling pressure could open the door to the 0.68 handle, which is a longer-term level of importance […]

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data

Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data The AUD/USD is tested the important 0.7040 level late in the week, and price certainly rejected the lows. The major level at 0.7000 went untouched as price quickly pulled back into the range. The weakness in the USD was clearly the driver for the […]

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales

Australian Dollar: USD/AUD (AUD=X) busy week includes inflation and retail sales The Australian dollar suffered from the global sell-off in stocks and the accompanying risk-off sentiment. What’s next? A busy week includes inflation and retail sales among other figures. Here are the highlights of the week and an updated technical analysis for AUD/USD. RBA officials did not rock […]

Australian Dollar: USD/AUD (AUD=X) trade with downward bias

Australian Dollar: USD/AUD (AUD=X)  trade with downward bias

Australian Dollar: USD/AUD (AUD=X) trade with downward bias There is not much to add to yesterday’s (23 Oct, spot at 0.7080) update. As highlighted, “the prospect for a break of the year-to-date low of 0.7041 has increased, albeit not by much”. AUD subsequently dipped to a 2-week low of 0.7056 before rebounding quickly to end […]

Australian Dollar: USD/AUD (AUD=X) looking set for further downside

Australian Dollar: USD/AUD (AUD=X) looking set for further downside

Australian Dollar: USD/AUD (AUD=X) looking set for further downside AUD/USD has been rebounding overnight, following on from another intraday fall. With the current candle looking to complete a bearish and engulfing candlestick formation, there is a good chance we will see the pair turn lower from here. Whether or not this marks the top for this […]

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result

Australian Dollar: USD/AUD (AUD=X) weakens following Wentworth election result The Australian Dollar has endured a soft start to the week after the government lost a one-seat majority in parliament and as the U.S. criticised China’s response to efforts at de-escalating the so called trade war between the world’s two largest economies. Australia’s ruling coalition lost […]

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last

Australian Dollar: USD/AUD (AUD=X) rebound looks unlikely to last AUD/USD came close to breaking from the recent trend of lower highs and lower lows on Friday, with the rally back into the $0.7151 level greeted with a strong move into the $0.7088 swing low. As such, this current rally is expected to fail once again, with […]

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101

Australian Dollar: USD/AUD (AUD=X) trader reaction to the short-term Fibonacci level at .7101 A strong short-covering rally on Friday helped the Australian Dollar eke out a small gain ahead of the week-end. The rebound was fueled by a recovery in China. Greater China markets posted a strong comeback on Friday, following a series of measures […]

Australian Dollar: USD/AUD (AUD=X) wedge breakdown points to further downside

Australian Dollar: USD/AUD (AUD=X) wedge breakdown points to further downside

Australian Dollar: USD/AUD (AUD=X) wedge breakdown points to further downside AUD/USD looks to have broken down from its recent rising wedge pattern, with the break below $0.7112 providing a signal of potential impending downside from here. An impressive fall in unemployment helped the pair rebound overnight, yet this has simply found resistance on the ascending trendline. […]

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last

Australian Dollar: USD/AUD (AUD=X) upside unlikely to last AUD/USD has been gaining ground over the past week, with a rising wedge coming into play. That is a bearish pattern, pointing towards a possible breakdown before long. Given the wider downtrend in play, such a breakdown would be consistent with the primary long-term trend. Thus, watch for […]

Australian Dollar: USD/AUD (AUD=X) support at 0.7100

Australian Dollar: USD/AUD (AUD=X) support at 0.7100

Australian Dollar: USD/AUD (AUD=X) support at 0.7100 ASX Downside: To be fair, there are some considerable headwinds for Australian investors that may preclude them from behaving in the same fashion as their US or even European counterparts. The banks look ugly now – less so the hard numbers, but more from the superficial perspective that their […]

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity

Australian Dollar: USD/AUD (AUD=X) rebound could provide selling opportunity AUD/USD is regaining ground, following the failure to create a new low below $0.7044. The peak of $0.7131 remains a key level to overcome if the pair is going to regain further ground. However, such upside would look likely to provide yet another selling opportunity from either […]

Australian Dollar: USD/AUD (AUD=X) tiptoes higher

Australian Dollar: USD/AUD (AUD=X) tiptoes higher

Australian Dollar: USD/AUD (AUD=X) tiptoes higher AUD/USD’s march lower seen over the past few months has stalled over the previous week, but the recovery has been modest at best. The first upside level to watch is $0.716, followed by the still-intact downtrend line from January, which suggests resistance around $0.72. Overall, the bias in prices is: […]

Australian Dollar: USD/AUD (AUD=X) risk aversion realized

Australian Dollar: USD/AUD (AUD=X) risk aversion realized

Australian Dollar: USD/AUD (AUD=X) risk aversion realized The trade is so far doing ok as risk aversion realized. But we’ve overestimated the strength in Dollar. Still, the price actions from 0.7040 to 0.7130 are corrective looking, which reinforces our bearish view. For now, we’ll keep the stop at 0.7185, slightly above 50% retracement of 0.7314 […]

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again

Australian Dollar: USD/AUD (AUD=X) starts to reverse lower yet again AUD/USD has been attempting to regain some ground following on from the consistent decline of recent weeks. However, the recovery is looking like it could come under pressure should this bearish engulfing pattern complete. Such a bearish closed candle would provide greater confidence that we are […]

Australian Dollar: USD/AUD (AUD=X) growing dissent within the Federal Reserve

Australian Dollar: USD/AUD (AUD=X) growing dissent within the Federal Reserve

Australian Dollar: USD/AUD (AUD=X) growing dissent within the Federal Reserve AUD/USD extends the rebound from earlier this week as there appears to be a growing dissent within the Federal Reserve, and recent price action raises the risk for a large recovery as the exchange rate initiates a series of higher highs & lows. Even though […]

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown

Australian Dollar: USD/AUD (AUD=X) downturn continues following key breakdown AUD/USD has been gradually slowing in its decline, following on from a break below the key $0.7085 support level. That slowdown highlights the possibility of a rebound to begin retracing this recent decline from $0.7315. However, for now it looks likely we will see further downside, with […]

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows

Australian Dollar: USD/AUD (AUD=X) down to new 2018 lows ANZ Job Advertisements: Monday, 00:30. This gauge of Australian employment precedes the official jobs report released by the government. The number of job advertisements dropped by 0.6% in August and we may see a bounce in September. NAB Business Confidence: Tuesday, 00:30. The National Australia Bank’s […]

Australian Dollar: USD/AUD (AUD=X) lurches lower

Australian Dollar: USD/AUD (AUD=X) lurches lower

Australian Dollar: USD/AUD (AUD=X) lurches lower The downtrend continues here for AUD/USD, a lower high at $0.73 having worked out beautifully for the bears. The price is currently testing the $0.7484 low from mid-September, and further declines below this bring $0.6973 and then $0.6828 into play. Overall, the bias in prices is: Downwards. The projected upper […]

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals

Australian Dollar: USD/AUD (AUD=X) big miss in building approvals For those that don’t follow the Australian economy closely, we’ve seen a big housing boom. That is now well and truly over and there are many calling for a crash. Real estate is a big part of the Australian economy and wealth in general. Tighter lending […]

Australian Dollar: USD/AUD (AUD=X) reversing lower off SMA resistance

Australian Dollar: USD/AUD (AUD=X) reversing lower off SMA resistance

Australian Dollar: USD/AUD (AUD=X) reversing lower off SMA resistance AUD/USD is declining yet again, with the price having respected the 200-day simple moving average (SMA) on the four-hour chart time and time again. This latest move adds greater credence to the sell-off that started at the 76.4% retracement of $0.7312. The wider downtrend remains intact, and […]

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement

Australian Dollar: USD/AUD (AUD=X) drifting lower after recent retracement AUD/USD has been turning lower from the 76.4% retracement, with the pair looking likely to continue towards the downside. The Friday rally into the $0.7236 swing low, alongside the 200-day simple moving average (SMA) on the four-hour chart, provided another turn lower. As such, watch out for […]

Australian Dollar: USD/AUD (AUD=X) retreats from recent highs

Australian Dollar: USD/AUD (AUD=X) retreats from recent highs

Australian Dollar: USD/AUD (AUD=X) retreats from recent highs The Australian Dollar outlook remains “mildly bearish” amid a deteriorated environment for so-called risk assets, according to analysts at Australia & New Zealand Banking Group (ANZ), who say the Antipodean will remain at the mercy of global market sentiment during the weeks ahead. With the Reserve Bank of Australia sitting […]

Australian: USD/AUD (AUD=X) turning lower from trendline resistance

Australian: USD/AUD (AUD=X) turning lower from trendline resistance

Australian: USD/AUD (AUD=X) turning lower from trendline resistance AUD/USD is turning lower once more this morning, following yet another rebound into trendline resistance. There is a strong chance that we will see another move lower from here to continue the wider bearish trend. However, a break below $0.7236 would provide us with a greater degree of confidence […]

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets The Australian Dollar lived up to its reputation as the risk-proxy of choice for traders during this trade war, selling off to as low as 0.7150 in the lead-up to US President Trump’s announcement of the latest round of US tariffs […]

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance

Australian Dollar: USD/AUD (AUD=X) gaps lower from trendline resistance AUD/USD has started the week in bearish fashion, with the price gapping lower after hitting trendline resistance on Friday morning. With the price having moved into the four-hour simple moving average (SMA), alongside the swing low from Thursday, a break below that $0.7254 level will dictate the […]

Australian Dollar: USD/AUD (AUD=X) risks to its outlook from U.S.-China trade tensions

Australian Dollar: USD/AUD (AUD=X) risks to its outlook from U.S.-China trade tensions

Australian Dollar: USD/AUD (AUD=X) risks to its outlook from U.S.-China trade tensions The Australian Dollar, a proxy of China-related trades as well as gauge of risk sentiment, climbed to a three-week high last week. It also produced its biggest weekly advance in 14 months. Additionally, S&P Global Ratings revised its outlook on triple-A rated Australia […]

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance The Australian dollar has rallied again during the day on Wednesday, breaking through some relatively difficult resistance at the 0.7250 line. Perhaps it is the idea that the Chinese are starting to soften their stance a bit, or maybe it’s just a simple reflexive bounce […]

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite The Australian Dollar received a boost from an increase in risk appetite last week, on the back of what were at the time easing trade war tensions and better than expected employment figures. While the global growth outlooked has soured with the […]

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop AUD/USD continues to demonstrate notable strength despite getting no help from the Reserve Bank of Australia (RBA) and the fresh round of trade wars that broke out last night. It is still in a firm downtrend, but a rebound towards $0.73 now looks possible. A close back below […]

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows Rising US bond yields looks likely to underpin US Dollar strength in the medium to long term. The greenback fell over the course of last week’s trade, primarily due to rallies in the Pound and Euro on the back of easing Brexit fears, along with upbeat assessments from […]

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary

Australian Dollar: USD/AUD (AUD=X) trade truce is probably temporary Australia enjoyed a gain of 44K jobs in August, nearly triple the expectations. Another boost to the Aussie came from the trade war front. The US has not imposed new tariffs on China and negotiations have resumed. Do the talks have a fair chance? This is […]

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance

Australian Dollar: USD/AUD (AUD=X) hits Fibonacci resistance AUD/USD has managed to rebound sharply over the past 24 hours, breaking out of a period of sideways consolidation and into a retracement. This points towards a good bearish selling opportunity coming into the fray, given the deep retracement we have seen. The almost perfect respect of the 76.4% […]

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last

Australian Dollar: USD/AUD (AUD=X) consolidation unlikely to last AUD/USD has been consolidating this week, following on from a sharp drop towards the end of last week. Despite the fact that we are trading sideways, there is a good chance we will see another leg lower before long. That being said, given the size of that prior […]

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls

Australian Dollar: USD/AUD (AUD=X) Business Confidence Falls Business confidence in Australia fell to a two-year low, according to the NAB Business Confidence Index released this morning. The index reached 4 in August, considerably lower than last month’s reading of 7 and hit one of the lowest values since October 2016. Nevertheless, NAB’s index that measures […]

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler

Australian Dollar: USD/AUD (AUD=X) The Little Aussie Battler After gradually selling-off throughout the week, of course due to the increased fears about global growth and emerging markets, the AUD/USD broke through support at 0.7160 late on Friday, as interest rate traders boosted their bets on further interest rate hikes from the US Federal Reserve after US Non-Farm […]

Australian Dollar: Economic and political fears continue to weigh down the Australian Dollar USD/AUD (AUD=X)

Australian Dollar: Economic and political fears continue to weigh down the Australian Dollar USD/AUD (AUD=X)

Australian Dollar: Economic and political fears continue to weigh down the Australian Dollar USD/AUD (AUD=X)  The Australian Dollar (AUD) continues to fall considerable amounts with very little relief in sight. Since the high of the calendar year of 0.81356 made on January 18th 2018, AUD/USD has dropped -1,036 pips, creating a staggering -12.74% loss against […]

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates

Australian Dollar: USD/AUD (AUD=X) country’s lenders raised their mortgage rates The Australian Dollar slumped Thursday after more of the country’s lenders raised their mortgage rates, potentially scuppering the Reserve Bank of Australia from its own interest rate rise further down the line, leading traders to dump the currency even after a solid set of July […]

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold

Australian Dollar: USD/AUD (AUD=X) rebound fails to hold AUD/USD managed to rebound overnight, following an impressive set of gross domestic product (GDP) numbers. However, the trend is clearly defined here, and we immediately saw the pair turn lower from the 76.4% retracement. With the price breaking below the $0.7157 level, this would have been a successful […]

Australian Dollar: USD/AUD (AUD=X) Target 0.7000

Australian Dollar: USD/AUD (AUD=X) Target 0.7000

Australian Dollar: USD/AUD (AUD=X) Target 0.7000 The Australian Dollar suffered a horror week, falling in late-week trade to around 0.7176, to register lows not witnessed since January 2017. The local unit has faced an uphill battle recently, as interest rate traders progressively reduce bets of an interest rate hike from the RBA any time before […]

Australian Dollar: USD/AUD (AUD=X) starts the week in bullish fashion

Australian Dollar: USD/AUD (AUD=X) starts the week in bullish fashion

Australian Dollar: USD/AUD (AUD=X) starts the week in bullish fashion AUD/USD is kicking off the week with a sharp move higher, despite a poor retail sales number overnight. The drop below $0.7238 and $0.7202 last week points towards the wider bearish picture remaining in play. However, given the size of the drop last week, it […]

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data

Australian Dollar: USD/AUD (AUD=X) Focus on Economic Data For the Aussie Dollar, economic data is on the heavier side, with key stats including July retail sales and 2nd quarter company profit figures on Monday, 2nd quarter GDP numbers on Wednesday, July trade figures on Thursday and home loan figures on Friday. While GDP, trade and retail sales […]

Australian Dollar: USD/AUD (AUD=X) continues to weaken following breakdown

Australian Dollar: USD/AUD (AUD=X) continues to weaken following breakdown

Australian Dollar: USD/AUD (AUD=X) continues to weaken following breakdown AUD/USD has been moving lower following a fall below the $0.7307 swing low earlier in the week. The pair has a clearly defined downtrend, which should remain unless we see a rally through the $0.7362 mark. On the flip side, with higher lows and lower highs […]

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance

Australian Dollar: USD/AUD (AUD=X) turns lower from SMA resistance AUD/USD has started to weaken once again following a rally into the 200-day simple moving average (SMA) resistance on the four-hour chart. The wider context shows a market that is clearly trending lower, and as such it makes sense to look out for another period of […]

Australian Dollar: USD/AUD (AUD=X) expected to trade sideways

Australian Dollar: USD/AUD (AUD=X) expected to trade sideways

Australian Dollar: USD/AUD (AUD=X) expected to trade sideways There is not much to add to yesterday’s update. As indicated, despite the relatively strong bounce last Friday, AUD does not appear to be ready to extend its advance in a significant manner. In other words, we expect AUD to trade sideways for now, likely within a […]

Australian Dollar: USD/AUD (AUD=X) below 0.73 handle to see further weakness

Australian Dollar: USD/AUD (AUD=X) below 0.73 handle to see further weakness

Australian Dollar: USD/AUD (AUD=X) below 0.73 handle to see further weakness Based on the current price at .7345, the direction of the AUD/USD into the close is likely to be determined by trader reaction to the 50% at .7327 and the 61.8% level at .7357. Holding inside .7382 and .7238 will suggest investor indecision and […]

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week

Australian Dollar: USD/AUD (AUD=X) Prices May Stall this Week Friday’s trade saw a significant rally higher in the AUD/USD exchange rates pair. The Australian dollar had continued a massive move lower the previous day (23-08-2018) that began at the 0.7370 value area on the 22nd down to the 0.7239; depending on the data feed this […]

Australia: USD/AUD (AUD=X) heavily sold-off amid ongoing Australian political turmoil

Australia: USD/AUD (AUD=X) heavily sold-off amid ongoing Australian political turmoil

Australia: USD/AUD (AUD=X) heavily sold-off amid ongoing Australian political turmoil The Australian Dollar was the worst performing G10 currency Thursday as Asian markets went into “risk off” mode ahead of US-China trade talks in Washington and as pressure mounts on Prime Minister Malcolm Turnbull to either resign or allow another confidence ballot. “The start of […]

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase

Australian Dollar: USD/AUD (AUD=X) as moved into a consolidation phase We highlighted yesterday (20 Aug, spot at 0.7310) that the odds for further AUD weakness have diminished and the subsequent break of the 0.7330 ‘stop-loss’ was not exactly unexpected. The outlook for AUD has shifted to neutral now and we view the current price action […]

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability

Australian Dollar: USD/AUD (AUD=X) Analysts divided as some forecast stability The Australian Dollar edged higher from August’s two-year lows Tuesday as investors rotated back into “risk assets” after President Trump criticised the Federal Reserve for its tightening of US monetary policy, which has been a source of pressure on other currencies this year. Australian Dollar to US […]

Australian Dollar: USD/AUD (AUD=X) resistance at 7336

Australian Dollar: USD/AUD (AUD=X) resistance at 7336

Australian Dollar: USD/AUD (AUD=X) resistance at 7336 Price is extending sideways grind along 1H 200-SMA resistance. Break above could see upside till 21-EMA. Price is currently holding above 5-DMA and break below will see test of Wedge base at 0.72. Violation at Wedge base to see resumption of weakness. Next major bear target lies at […]

Australian Dollar: USD/AUD (AUD=X) flat for the week

Australian Dollar: USD/AUD (AUD=X) flat for the week

Australian Dollar: USD/AUD (AUD=X) flat for the week We had expected the level at 0.7207 might act as support, as it had acted previously as both support and resistance. Note how these “flipping” levels can work well. The H1 chart below shows the how the price returned to hit and reject the level during the […]

Australian Dollar: USD/AUD (AUD=X) Bounces From Confluent Fibonacci Support

Australian Dollar: USD/AUD (AUD=X) Bounces From Confluent Fibonacci Support

Australian Dollar: USD/AUD (AUD=X) Bounces From Confluent Fibonacci Support With the current recovery, a temporary low is in place at 0.7201 in AUD/USD. Intraday bias is turned neutral for some consolidations first. Upside should be limited by 0.7346 support turned resistance for fall resumption. On the downside, below 0.7201 will extend the larger decline from […]

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session We turned bearish AUD on Monday (13 Aug, spot at 0.7285) with an immediate ‘target’ of 0.7220 and were of the view that the “odds for further extension to 0.7160 are relatively high”. There is no change to our view as AUD […]

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence The Australian Dollar to US Dollar (AUD/USD) exchange rate has risen today following a surprise increase in Australian business confidence. The unexpected rise for NAB’s July business confidence reading has pushed the AUD/USD exchange rate to an interbank level […]

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets The Australian dollar fell to an 18-month low against the US dollar on Monday, as worries about an impending financial crisis in Turkey prompted selling in the currency with strategists warning of more downside ahead. The Australian dollar fell 1 per cent at […]

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars Australian Dollar has been trading in an extremely persistent range, now taking on the shape of a triangle. Given the trend and trend-line resistance a downside break is the likely path. A drop below 0.73 will have a pair of swing lows in […]

Australian Dollar: USD/AUD (AUD=X) risk appetite is improving

Australian Dollar: USD/AUD (AUD=X) risk appetite is improving

Australian Dollar: USD/AUD (AUD=X) risk appetite is improving The Australian Dollar is primed for a recovery against the US Dollar over coming months. Global risk appetite is improving. Our Global Risk Indicator appears to be moving back into positive territory for now after getting mired in the negative since early February – and within the […]

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400

Australian Dollar: USD/AUD (AUD=X) holding above 0.7400 AUD/USD has moved up to the 21-hr SMA at 0.7418 and pierced it making a high if 0.7434 for the day so far while the Yuan has stabilised making for a positive climate for the proxy trade through the Aussie. AUD/USD has otherwise been capped below the 0.7440 […]

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise

Australian Dollar: USD/AUD (AUD=X) Rises after RBA Signals it is On Course for 2019 Rate Rise The Australian Dollar (AUD) has firmed against the US Dollar (USD) today, rising to a level of $0.74 on the interbank exchange rate. This is the best level of AUD/USD trading in a week and comes from growing risk […]

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher

Australian Dollar: USD/AUD (AUD=X) lacks any catalyst to pursue a sustained move higher The Australian Dollar edged higher on Monday as traders took up positions ahead of the latest Reserve Bank of Australia (RBA) interest rate decision but analyst commentary suggests the announcement is unlikely to provide the Antipodean unit with impetus for further gains. AUD recovered most […]

Australian Dollar: USD/AUD (AUD=X) confined to its narrow trading range

Australian Dollar: USD/AUD (AUD=X) confined to its narrow trading range

Australian Dollar: USD/AUD (AUD=X) confined to its narrow trading range Yesterday, the AUD / USD pair was almost unmoved after the release of the FOMC statement. The Federal Reserve left interest rate unchanged at 2.00% as anticipated. The Fed also did not make any substantial changes to its statement, leaving the AUD/USD confined to its […]

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels

Australian Dollar: USD/AUD (AUD=X) trending closely to its worst 2018 levels AUD traded within a tight 27 pips range yesterday, the narrowest 1-day range so far this year. The quiet consolidation offers no fresh clue and we continue to hold a neutral stance. We previously held the view that the downside is more ‘sticky’ but […]

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming

Australian Dollar: USD/AUD (AUD=X) heats up today with major releases coming – AUD rises as building approvals surge eases housing concerns. – Building approvals rise by 6.4% in June, sidelining fears of collapse. – But housing market activity may still slow further during months ahead. After a slow start to the week, the economic events […]

Australian Dollar: USD/AUD (AUD=X) trading in a fairly narrow range

Australian Dollar: USD/AUD (AUD=X) trading in a fairly narrow range

Australian Dollar: USD/AUD (AUD=X) trading in a fairly narrow range  The Australian dollar remains choppy and range-bound, managing to eke out modest gains on Friday against the greenback and most of the major crosses. While the Australian dollar has been trading in a narrow range for quite some time, China’s slowdown is likely to weigh […]

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week

Australian Dollar: USD/AUD (AUD=X) largely unchanged to start the trading week The Australian dollar dropped in the range as Australian inflation missed expectations. What’s next? Australia’s trade balance and retail sales stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. Australia’s quarterly inflation report showed an increase of […]

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating

Australian Dollar: USD/AUD (AUD=X) Heffx Buy Rating The Australian dollar popped higher in late trade on Wednesday, reversing earlier losses to close at a two-week high. A reduction in trade tensions between the United States and European Union was behind the Aussie’s late surge. Overall, the bias in prices is: Downwards. The projected upper bound […]

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment

Australian Dollar: USD/AUD (AUD=X) falls broadly after seventh consecutive inflation disappointment The Australian dollar fell against the US dollar after the country’s statistics office released the Consumer Price Index (CPI) data for the second quarter. The data showed that the CPI rose by 0.4% in the quarter. This was lower than the expected 0.5%. It […]

Australian Dollar: USD/AUD (AUD=X) Consolidating

Australian Dollar: USD/AUD (AUD=X) Consolidating

Australian Dollar: USD/AUD (AUD=X) Consolidating The Australian dollar was subdued on Tuesday as the country’s central bank expressed concern about the impact of high household debt on the economy. The Australian dollar was at 73.86 US cents at 0832 AEST, down from 74.31 US cents on Tuesday. Overall, the bias in prices is: Downwards. The […]

Australian Dollar: USD/AUD (AUD=X) trading in a tight range

Australian Dollar: USD/AUD (AUD=X) trading in a tight range

Australian Dollar: USD/AUD (AUD=X) trading in a tight range The Australian dollar is currently selling off against all major currencies. The Aussie is currently the weakest against the Japanese yen. Last week, the Australian dollar ended flat against the US dollar. As Chinese growth decelerates and US-China trade tensions rise, the Australian dollar remains in […]

Australian Dollar: USD/AUD (AUD=X) expected to open lower

Australian Dollar: USD/AUD (AUD=X) expected to open lower

Australian Dollar: USD/AUD (AUD=X) expected to open lower The week ahead is all about prices Another big week ahead, U.S earnings, 2nd quarter GDP numbers, Trade wars and ECB monetary policy all in focus. For the Aussie Dollar, following last week’s impressive employment numbers, focus shifts to 2nd quarter inflation figures, with consumer inflation figures due […]

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight

Australian Dollar: USD/AUD (AUD=X) is the stand out performer overnight Bids in the dollar sees the pair surrender its gains from the employment report. It was a short-lived run for buyers as the upbeat Aussie employment report saw price jump to a high of 0.7441 but ultimately failed to move any higher with the 23.6 […]

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade

Australian Dollar: USD/AUD (AUD=X) uncertainty over the outlook for international trade The Australian Dollar reversed earlier losses during noon trading Wednesday and marched higher ahead of the June employment report, which traders will watch closely for clues about the condition of Australia’s labour market. In late-morning trades, the benchmark S&P/ASX 200 Index is adding 49.30 […]

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move

Australian Dollar: USD/AUD (AUD=X) China to dictate what direction the Australian dollar will move The Aussie underperformed in the weeks of broad US dollar strength following the FOMC and ECB mid-June meetings but so far in July it has been near the middle of the G10 pack. Weighing on AUD have been a pullback in […]