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 - Jun 13, 2010

Written By : ForexAbode.com || 2010-06-13 00:00:00 GMT

Current 0.8504 Trend:Correction during Downward movement. Outlook:More upward correction with mid-term bearish outlook. Fundamentals (Recent economic releases): Please refer daily charts and not short-term charts e.g. hourly charts.

AUD/USD Weekly Outlook - Jun 06, 2010

Written By : ForexAbode.com || 2010-06-06 00:00:00 GMT

Current  0.8233 Trend:Downtrend. Outlook:Volatile Sideways with bearish outlook. Fundamentals (Recent economic releases): Please refer daily charts and not short-term charts e.g. hourly charts.

AUD/USD Weekly Outlook - May 30, 2010

Written By : ForexAbode.com || 2010-05-30 00:00:00 GMT

Current 0.8474 Trend:Correction during downtrend . Outlook: Sideways with a possible further upward correction. Fundamentals (Recent economic releases): Please refer daily charts and not short-term charts e.g. hourly charts. 1) Australia: No market driving economic releases. 2) Australia is planning to Impose 40% Tax on Resource Profits.

AUD/USD Weekly Outlook - May 23, 2010

Written By : ForexAbode.com || 2010-05-23 00:00:00 GMT

Current 0.8326 Trend:Down. Outlook:A Bearish. Fundamentals (Recent economic releases): Please refer daily charts and not short-term charts e.g. hourly charts. 1) Australia is planning to Impose 40% Tax on Resource Profits.

AUD/USD Weekly Outlook - May 16, 2010

Written By : ForexAbode.com || 2010-05-16 00:00:00 GMT

Current 0.8858 Trend:Down. Outlook:A Bearish. Fundamentals (Recent economic releases): Please refer daily charts and not short-term charts e.g. hourly charts. 1) Australia: Trade Balance less than previous. 2) Australia: Retail Sales report better than previous but much less than the forecast. 3) Australia: Employment change release was positive. 4) Australia is planning to Impose 40% Tax on Resource Profits.

AUD/USD Weekly Outlook - May 9, 2010

Written By : ForexAbode.com || 2010-05-09 00:00:00 GMT

Current 0.8876 Trend:Down. Outlook:A correction before resuming downtrend. Fundamentals (Recent economic releases): 1) Australia is planning to Impose 40% Tax on Resource Profits. Australia's strongest industry is mining which literally helped Australian economy even during global financial crisis because of growing infrastructure needs and hence great demand for coal, iron ore and alumina from India and China.

AUD/USD Weekly Outlook - May 02, 2010

Written By : ForexAbode.com || 2010-05-02 00:00:00 GMT

Current 0.9243 Trend:Slowing uptrend. Fundamentals (Recent economic releases): 1) Australia is planning to Impose 40% Tax on Resource Profits. Australia's strongest industry is mining which literally helped Australian economy even during global financial crisis because of growing infrastructure needs and hence great demand for coal, iron ore and alumina from India and China.

AUD/USD Weekly Outlook - Apr 25, 2010

Written By : ForexAbode.com || 2010-04-25 00:00:00 GMT

Fundamentals: 1) US:  Housing market: New Home sales rose by 27% in March which is most in 5 decades. Existing home sales also better than expected. 2) US: Durable Goods orders ex transportation increased by 2.8% though overall Durable Goods orders fell.

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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