AUD/USD - Analysis, Outlook and Forecasts

AUD/USD (Australian versus US dollar) outlook and forecast is written by the team of ForexAbode's in-house analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of AUD/USD. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.

 

The outlook reflects our views for short-term to mid-term movement. However, sometimes the analysis takes into account the price data which may span many years and have a longer-term view. These are also supported by our very popular chart alerts.

 

The weekly analysis includes the predictions for the next week's expected moves for the Aussie and the US dollar. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term to longer-term. Apart from the weekly forecasts we also update AUD/USD daily technical analysis, which presents our views about the price action from short-term perspective.

 

You may also like to check the daily resistance and support levels at AUD/USD pivot points.

 

AUD/USD Weekly Outlook - Oct 23, 2011

Written By : ForexAbode.com || 2011-10-23 00:00:00 GMT

1. Australia: National Australia Bank's Business Confidence: -4 and hence quite negative as compared to the previous 5. 2. Australia: Not many important economic releases during the past week. 3. US: Industrial Production (MoM): 0.2% which was same as the forecasts but better than the previous release of 0.0%. 4. US: PPI ex Food & Energy (MoM): 0.2%, same as the forecasts but better than the previous 0.1%.

AUD/USD Weekly Outlook - Oct 16, 2011

Written By : ForexAbode.com || 2011-10-16 00:00:00 GMT

1. Australia: National Australia Bank's Business Conditions: 2 and hence quite positive as compared to the previous release of -3. 2. Australia: Westpac Consumer Confidence: 0.4% and quite negative as compared to the previous 8.1%. 3. Australia: Home Loans: 1.2%, slightly positive than the forecast of 1.1% but less than the previous release of 1.9%. 4.

AUD/USD Weekly Outlook - Oct 09, 2011

Written By : ForexAbode.com || 2011-10-09 00:00:00 GMT

1. Australia: AIG performance of Manufacturing Index: 42.3 against the previous 43.3. 2. Australia: AIG performance of Services index: 50.3 against the previous 52.1. 3. Australia: AIG Performance of Construction 30.1 as against the previous 32.1. 4. Australia: Trade Balance: 3.1 B and positive as compared to the previous release (1.82 B) as well as forecasts (2.14 B). 5.

AUD/USD Weekly Outlook - Oct 02, 2011

Written By : ForexAbode.com || 2011-10-02 00:00:00 GMT

1. Australia: HIA New Home Sales: 1.1%, quite better than the previous release of -8.0% 2. Australia: Private Sector Credit (YoY): 3.0% and positive as compared to the previous release (2.8%) as well as forecasts (2.7%). 3. US: New Home Sales (MoM): -2.3% and negative as compared to the previous (-0.3%) release as well as forecasts (-1.0%). 4.

AUD/USD Weekly Outlook - Sep 25, 2011

Written By : ForexAbode.com || 2011-09-25 00:00:00 GMT

1. Australia: Conference Board Australia Leading Index: -0.1% and positive as compared to the previous -0.8%. 2. Australia: Westpac Leading Index: 0.5%, positive as compared to the previous 0.1%. 3. Australia: Not much important economic releases during past one week. 4. Building Permits (MoM): 0.620 M and hence positive as compared to the previous release (0.597 M) as well as forecasts (0.600 M). 5.

AUD/USD Weekly Outlook - Sep 11, 2011

Written By : ForexAbode.com || 2011-09-18 00:00:00 GMT

1. Australia: Home Loans data 1.0% - Less than the forecasts (1.6%) but positive as compared to the previous release of 0.6%. 2. Australia: Current Account Balance -7.42B: slightly less than the forecasts of -7.10B but quite better than the previous release of -11.12B. 3. Australia: AIG Performance of Construction Index 32.1: less than the previous release of 36.1. 4.

AUD/USD Weekly Outlook - Sep 18, 2011

Written By : ForexAbode.com || 2011-09-18 00:00:00 GMT

1. Australia: Trade Balance: 1.83B, negative as compared to the forecasts of 1.91B but slightly better than the previous release of 1.82B. 2. Australia: National Australia Bank's Business Confidence: -8, quite negative as compared to previous 2. 3. Australia: Westpac Consumer Confidence: 8.1% and quite positive as compared to the previous -3.5%. 2. 1.

AUD/USD Weekly Outlook - Sep 04, 2011

Written By : ForexAbode.com || 2011-09-04 00:00:00 GMT

1. Australia: HIA New Home Sales data- slightly better with -8.0% as compared to previous -8.7%. 2. Australia: Building Permits (MoM) 1.0% - negative as compared to the forecasts (2.1%) but quite better than the previous release (-3.6%). The year on year data (-15.0%) was slightly less than the previous release (-14.3%). 3.

AUD/USD Weekly Outlook - Aug 28, 2011

Written By : ForexAbode.com || 2011-08-28 00:00:00 GMT

Australia: Conference Board Australia Leading Index - negative as compared to the previous release. Australia: Reserve Bank Governor Glenn Stevens told lawmakers that inflation merits “careful watching.

AUD/USD Weekly Outlook - Aug 14, 2011

Written By : ForexAbode.com || 2011-08-14 00:00:00 GMT

1. Australia: National Australia Bank's Business Condition: Negative as compared to the previous release. 2. Australia: National Australia Bank's Business Confidence: Positive as compared to the previous release. 3. Australia: Home Loans report: negative as compared to the previous release as well as forecasts. 4. Westpac Consumer Confidence: -3.5%, Quite better than the previous release (-8.3%). 5. Australia: Unemployment Rate: 5.1% i.e.

Interest rate difference of AUD and USD

AUD to USD Interest Rates Comparison
(For Carry Trades)
Australian dollar (AUD) interest rate
2.50%
US Dollar (USD) interest rate
0.25%
AUD/USD interest rate comparison
2.25%

Overall Price Action Trend of AUD/USD

AUD/USD historical chart of 10 years showing the overall trend.

In 2008 the Australian dollar came close to parity level with the US dollar but failed at 0.9849 and went down very strongly to 0.6013. It was during October 2010 when the currency pair finally broke over the parity as you may see on the above historical price-action chart of AUD/USD.

From October 2010 to April 2013 the currency pair has been trying to sustain above the parity level but lost momentum. During the period it broke below the parity level but it was May 2013 when it had a decisive break below the parity level and since then it has been staying below that level.

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