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 - Jan 12, 2013

Written By : ForexAbode.com || 2013-01-12 00:00:00 GMT

Aussie - US Dollar (AUD/USD) stuck to 5-day EMA support and then went as high as 1.0598 before finding strong resistance ahead of 1.0600. The currency pair close for the week at 1.0530. As we had mentioned during last weekend, the price action does not indicate any directional move. Moreover the pair is near a very strong resistance zone which has been in place since March 2012.

AUD/USD Weekly Outlook - Jan 06, 2013

Written By : ForexAbode.com || 2013-01-06 00:00:00 GMT

After going a low as 1.0345, Aussie-Dollar (AUD/USD) had another run over the hills and went up as high as 1.0527. The fall from there took it to 1.0394 before it closed at 1.0480, completely directionless and clueless. As mentioned above that the recent movements of AUD/USD lack any directional touch. The wide gaps between the opening/closing prices and highs and lows of daily candles of past 4 trading days indicate a complete uncertainty.

AUD/USD Weekly Outlook - Dec 22, 2012

Written By : ForexAbode.com || 2012-12-22 00:00:00 GMT

AUD/USD Outlook:   Aussie-Dollar (AUD/USD) went as low as 1.0394 before closing for the week bearishly at 1.0402. The break of the price action channel support and the Kijun line support of the daily Ichimoku cloud was then followed by the break of the support of 61.8% retracement of the upward move during November 16th to December 12th 2012.

AUD/USD: Break Of Two Resistances Brings It To Another Support

Written By : forexabode || 2012-12-19 23:53:36 GMT

AUD/USD broke below the  price action channel which we had mentioned in the previous AUD/USD chart alert. AUD/USD Daily Chart 1 Not only that but the currency pair also broke below the Kijun line support of daily Ichimoku cloud as mentioned in the same update.

Will The Support Work for AUD/USD?

Written By : forexabode || 2012-12-19 09:21:51 GMT

As usual the Chart Alert Section is just for charts and not so much for the words, so here we go for AUD/USD. The two charts of AUD/USD here are daily chart. First Chart: The price action channel support has not been broken for over 1 month. Second Chart: Price action has been over Kijun line level of daily Ichimoku cloud since November 23rd.

AUD/USD Weekly Outlook - Dec 09, 2012

Written By : ForexAbode.com || 2012-12-09 00:00:00 GMT

AUD/USD Outlook:   Aussie-Dollar (AUD/USD) had found support just over the 55-day EMA and had recovered. The currency pair, then,  broke above 1.0500 but the break was far from a decisive break.

AUD/USD Weekly Outlook - Dec 02, 2012

Written By : ForexAbode.com || 2012-12-02 00:00:00 GMT

AUD/USD Outlook:   Aussie-Dollar (AUD/USD) inched upward slightly again in an unconvincing way and again found resistance below the psychological 1.0500 level.

AUD/USD Weekly Outlook - Nov 18, 2012

Written By : ForexAbode.com || 2012-11-18 00:00:00 GMT

AUD/USD Outlook :   As mentioned during last week that sooner or later we expected a fall, The Aussie-Dollar (AUD/USD) found resistance below 1.0500 psychological level and fell from 1.0458. The fall broke the mentioned support of 1.0330 and the pair went as low as 1.0287 before closing for the week at 1.0339.

AUD/USD Weekly Outlook - Nov 11, 2012

Written By : ForexAbode.com || 2012-11-11 00:00:00 GMT

AUD/USD Outlook :  The Aussie-Dollar (AUD/USD) found resistance below 1.0500 psychological level and fell from 1.0480 to 1.0358 before closing for the week at 1.0385. The pair has been moving up in the short term narrow channel. The price action is not convincing to expect any strong upward gains.

AUD/USD Weekly Outlook - Oct 28, 2012

Written By : ForexAbode.com || 2012-10-28 00:00:00 GMT

AUD/USD Outlook :   The Aussie-Dollar (AUD/USD) broke below1.0275 and went as low as 1.0236 but jumped up to go as high as 1.0397 before closing for the week at 1.0373 Our initial outlook for AUD/USD stays same as what we had mentioned during last weekend. The outlook stays mixed till any decisive break of 1.0411 on the upside or 1.0250 and more importantly the recent 1.0236 does not take place.

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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