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 23, 2013

Written By : ForexAbode.com || 2013-06-23 00:00:00 GMT

Aussie - US Dollar (AUD/USD) found resistance below 0.9666 which we had mentioned during the last weekend. The pair failed at 0.9641 and fell very strongly to go as low as 0.9163 before closing for the week at 0.9219. The overall outlook stays strongly bearish for AUDUSD. With some support over 0.9140 some consolidation may take place.

AUD/USD And Resistances

Written By : forexabode || 2013-06-16 02:38:47 GMT

AUD/USD recovered after touching 0.9326. And though past 2 trading days' price action show a fear for further upward consolidation, considering the wide gap in the highs and closing prices but some further consolidation can not be ignored. In case this happens then a very strong resistance can expected near 0.9800. The following chart indicates some interesting points as to why this resistance is critical.

AUD/USD Weekly Outlook - Jun 16, 2013

Written By : ForexAbode.com || 2013-06-16 00:00:00 GMT

Aussie - US Dollar (AUD/USD) broke below 0.9428 and also 0.9387 which we had mentioned during the last weekend. The currency pair went as low as 0.9326 before recovering to 0.9666. A strong resistance was face at this level which was 7 pips below the 0.9673 resistance mentioned by us. The weekly closing was at 0.9570. The overall outlook stays bearish for AUDUSD but possibilities of some more upward consolidation cannot be ignored.

AUD/USD Weekly Outlook - Jun 09, 2013

Written By : ForexAbode.com || 2013-06-09 00:00:00 GMT

Aussie - US Dollar (AUD/USD) initially remained in a volatile sideways mode above the indicated 0.9500 psychological support level but then broke below it. The pair went as low as 0.9428 before closing for the week at 0.9497. The break below May 2012's low of 0.9582 was the first highlight of the last week and the break below the psychological level of 0.9500 was the second highlight.

Daily review AUD/USD (5 June 2013)

Written By : dfmarkets || 2013-06-05 09:05:09 GMT

The Australian dollar fell sharply on Wednesday as disappointing data showed the country’s economy has expanded at a smaller pace than expected. The Aussie extended its losses from Monday and was trading at $0.9563 on the Forex market at the time of writing. The Australian Bureau of Statistics’ report revealed that the annual growth has increased to 2.5% against forecasts for a 2.7% rise.

AUD/USD Weekly Outlook - Jun 02, 2013

Written By : ForexAbode.com || 2013-06-02 00:00:00 GMT

Aussie - US Dollar (AUD/USD) went as low as 0.9528 i.e. 8 pips above the support zone indicated during the last weekend. The currency pair closed for the week at 0.9571 after a volatile sideways price action.

AUD/USD Weekly Outlook - May 26, 2013

Written By : ForexAbode.com || 2013-05-26 00:00:00 GMT

Aussie - US Dollar (AUD/USD) continued the fall and had gone as low as 0.9593. The pair found strong support there and jumped up to 0.9778 before closing for the week at 0.9651. The bearish sentiments are strong with such a strong fall from 1.0582 but we would stay neutral initially considering the following facts: 1) The pair is near the strong psychological support zone of 0.9500.

AUD/USD Weekly Outlook - Apr 28, 2013

Written By : ForexAbode.com || 2013-04-28 00:00:00 GMT

Aussie - US Dollar (AUD/USD) moved as indicated two weeks back. The pair had gone as low as 1.0221 and then recovered to 1.0339 before finding resistance below the 22-day EMA and closed for the week at 1.0276. The pair has been in a very volatile sideways mode over 1.0100 with a resistance near 1.0600 and this sideways range is in the picture since July 2012. Please check this old AUD/USD chart alert for the same.

AUD/USD Weekly Outlook - Apr 13, 2013

Written By : ForexAbode.com || 2013-04-13 00:00:00 GMT

Aussie - US Dollar (AUD/USD) had gone as high as 1.0582 but fell sharply to 1.0479 before closing for the week at 1.0508. The strong fall ahead of 1.0600 makes the outlook for AUD/USD neutral and any decisive break below 1.0460 will indicate that the upward journey has ended and deeper decline may take place. Please note that the zone near 1.0600 has been a strong resistance zone for AUD/USD for quite some time.

AUD/USD Near A Strong Resistance Zone

Written By : forexabode || 2013-04-11 23:20:13 GMT

For over past one year i.e. since March 2012 AUD/USD had been moving below 1.0636. During August 2012 it mad managed a peak of 1.0613 and then during September 1.0624. During past over 7 months these levels have proved to be a strong resistance zone. The recent move to 1.0582 has again taken AUD/USD very close to this resistance zone and for any further gains a break over 1.0624 is must.

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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