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 - May 11, 2014

Written By : ForexAbode.com || 2014-05-11 02:38:49 GMT

AUD/USD tried to break the previous support level of 0.9205 by touching 0.9202 but recovered strongly. The pair went as high as 0.9394 before losing momentum and closing for the week at 0.9362. The recent support represented the support of 55-day EMA as well as the channel within which the price-action has been contained since middle of January 2014.

AUD/USD Weekly Outlook - Apr 13, 2014

Written By : ForexAbode.com || 2014-04-13 00:00:00 GMT

AUD/USD went as high as 0.9461 but shown a loss of momentum before closing for the week at 0.9393. The pair had remained in a sideways range below the 61.8% retracement and above the 50% retracement levels of the fall from 0.9758 to 0.8660 for 10 trading days. The rise of last week broke that range and the pair overcome the resistance of the 61.8% retracement level.

AUD/USD Weekly Outlook - Mar 15, 2014

Written By : ForexAbode.com || 2014-03-15 00:00:00 GMT

AUD/USD Weekly Outlook And Predictions AUD/USD tried to break over the range to touch the high of 0.9133 but found resistance and went down to touch 0.8924 before closing for the week at 0.9031.   The pair has been staying in sideways mode, more or less, since February 6th i.e. over a month now. The low of this range has been 0.8890 and the high was 0.9080.

Revisiting the combination of resistances for AUD/USD

Written By : forexabode || 2014-02-23 00:18:13 GMT

On February 9, 2014 we had indicated that AUD/USD is up against a combination of resistances. The chart posted in that alert was as follows: AUD/USD on February 9, 2014 Now let's check the updated chart as on February 23, 2014 The situation is practically unchanged. The attempt for the second recovery failed at 0.9080.

AUD/USD Fundamentals and Economic Strength Meter - Feb 16, 2014

Written By : ForexAbode.com || 2014-02-16 00:00:00 GMT

The AUD/USD fundamentals are updated weekly. It is one of the basis for the AUD/USD weekly outlook. This is mainly derived from the recent major economic releases and news. AUD/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from Australia and the U.S., which may affect the relative strength of the Australian dollar versus U.S.

AUD/USD Analysis - Feb 11, 2014

Written By : ForexAbode.com || 2014-02-11 00:00:00 GMT

AUD/USD Daily and Hourly Charts AUD/USD Hourly Chart       AUD/USD Daily Chart       AUD/USD Daily Technical Analysis Current Exchange Rate 0.9031 at the time of analysis update. Intraday outlook:  AUD/USD's Latest Analysis (February 11, 2014): A minor resistance is expected at 0.9045 but if that resistance fails the further gains towards 0.9085 will be expected first.

The combination of resistances for AUD/USD

Written By : forexabode || 2014-02-09 01:04:04 GMT

The support seen at 0.8660 was a failure of o.8770 support seen during the week of August 23, 2010 but on the other hand it was also a failure to retest July 2010's 0.8633 support. A chart about these points was posted on a update titled "Australian Dollar’s fall – Was it just the employment numbers?". The support also highlighted the strong psychological support of approaching 0.8500 level.

AUD/USD Weekly Outlook - Feb 02, 2014

Written By : ForexAbode.com || 2014-02-02 00:00:00 GMT

AUD/USD Weekly Outlook And Predictions AUD/USD tried to recover from 0.8660 and went up to 0.8826 and face resistance and went down to 0.8694 before closing for the week at 0.8755.   Past 2 trading days' price-action has been showing that the 22-day EMA is acting as resistance. On the other hand past two trading days' price-action is also showing both, a fear for upside and similarly a fear for downside.

AUD/USD Weekly Outlook - Dec 29, 2013

Written By : ForexAbode.com || 2013-12-29 00:00:00 GMT

AUD/USD had moved the way we had indicated 2 weeks back and quoted above. After the previous outlook update the pair had gone as low as 0.8821. The recovery from there had failed at 0.8958 to bring a fall to 0.8862 before the last week's closing at 0.8868. The fall below August 4, 2013's 0.8848 had made the bearish outlook stronger.

AUD/USD Weekly Outlook - Dec 14, 2013

Written By : ForexAbode.com || 2013-12-14 00:00:00 GMT

AUD/USD found resistance in the resistance zone which we had mentioned during the last weekend. The pair failed at 0.9167 and after breaking below 0.8955 support moved as was expected. The support also came as we had indicated and after touching the low of 0.8909 some recovery was seen to 0.8969 before the closing for the week at 0.8963.

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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