AUD Trading Outlook
INTRADAY CONCLUSION: Stick with the range-trading bias in AUD/USD for now but still err on the bull side of the market. A range between .9430/.9510 should cover it during Asian trade.
INTRADAY CONCLUSION: It’s hard to trade a pair which isn’t moving. The AUD has made some strong gains against the GBP in particular and personally I feel that it will make up some ground against the other majors as well. Buy big dips in AUD/USD.
INTRADAY CONCLUSION: More range trading to come and we need to look to the Yen crosses for volatility. Much will again depend on what happens in USD/JPY. I’m still firmly in the sell-USD-rally across the board.
INTRADAY CONCLUSION: Not much will happen today with Australian markets closed and China still on holiday. The AUD crosses are looking more bullish and I think the buy-dip play in AUD/USD will be more profitable in coming sessions.
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