AUD Trading Outlook
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 the AUD/USD has been under pressure with the downtrend still in play. Looking ahead, BOJ Governor Shirakawa Speaks
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 more losses could be on the way if USD/JPY breaks below Y78. Looking ahead, Australian September Jobs Data.
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 1.000 test in the coming sessions citing falling interest rates.
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 1.000 test in the coming sessions citing falling interest rates.
Australian Dollar (AUD) the AUD/USD is struggling to keep up with the Euro and we had another round of selling on Friday. The market hit highs at 1.0270 and after a few failed attempts reversed direction. The sellers took the pair all the way down to fresh lows under 1.0160. The bears are being fueled by increasing focus on the slowdown in China and RBA cutting rates and being more vocal on the AUD exchange rate. The bulls are supported by Australia’s AAA rating and higher yield.
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