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AUD/USD

AUD/USD pits the Australian dollar against the US dollar – but where is this major FX pair headed next? Find out here with our latest AUD/USD news and analysis, covering what you should be watching on both sides of the currency pairing.

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AUD/USD looks set to pop higher, Nikkei and Nasdaq diverge

Forex markets mostly retraced against Wednesday's CPI and FOMC moves. And that may have set AUD/USD up nicely for a cheeky long into the weekend. The Nikkei however is down for a third day after failing below key resistance levels.

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USD/JPY rattled within range post Fed, AUD/USD rallies with Wall Street

We expected a particularly volatile session on Wednesday, and it did not disappoint. Although not all moves were clear cut. New highs for Wall Street and a lower USD helped AUD/USD surge. Yet like USD/JPY, resistance looms.

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June 12, 2024 11:39 PM
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AUD/USD climbs sheepishly from its lows, bear flag on ASX 200

Quiet trade (outside of euro pairs) allowed AUD/USD to drift higher despite the stronger USD. But with US CPI and FOMC looming, I doubt this is the ‘real move’ and further downside beckons.

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June 10, 2024 11:40 PM

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AUD/USD weekly outlook: June 10th 2024

AUD/USD suffered its worst day in five weeks on Friday after a strong NFP report saw the USD wipe out a week's worth of losses in just two hours.

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AUD/USD and bullish price action above .6680 are incompatible right now

Considering the exuberance in markets, the Aussie dollar should be flying. Rate cuts are here, there and everywhere, boosting prospects for a soft economic landing. But the Aussie dollar looks more like the Pacific peso, floundering without really going anywhere.

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June 6, 2024 07:42 AM

AUD/USD, AUD/NZD: EM, commodities, soft data drag on AUD into GDP, ISM

Commodities continued to feel the pressure of growth concerns, which weighed broadly on the Australian dollar. AUD/NZD managed to close beneath its 200-day and 200-week average on the same day and looks like it wants to text 1.07, although AUD/USD looks like it could muster a small bounce from current support levels.

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AUD/USD rises despite risk-off tone, USD, yields slammed post ISM

The USD and yields were knocked swiftly lower on Monday as evidence of an economic slowdown in the US continued to build, helping AUD/USD to head for 76c despite the risk-off tone to the session.

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June 3, 2024 10:51 PM
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AUD/USD weekly outlook: June 3, 2024

Q1 GDP is the main domestic event for AUD/USD, although it is likely to be overshadowed by key ISM and NFP reports from the US regarding the Australia dollar's next directional move.

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Forex Seasonality – June 2024: Potential for EUR/USD and AUD/USD Rallies, USD/CAD Drop

June has historically been the 3rd-best month of the year for EUR/USD and AUD/USD - will we see strength this year?

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AUD/USD, ASX 200: Stalling disinflation weakens case for RBA rate cuts

Disinflationary forces in Australia have stalled with annual rates for headline and underlying inflation trending flat to higher, and well above the 2.5% midpoint of the RBA’s target. Not only does that weaken the case for rate cuts but means the next move from the RBA may be a hike.

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May 29, 2024 04:02 AM
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AUD/USD, ASX 200 drift higher ahead of AU retail sales: Asian Open

Volatility levels were lower, as one would expect with the UK and US on a public holiday Monday. And that allowed AUD/USD to drift higher alongside the ASX 200 futures market, even if I do not fully trust the moves.

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May 28, 2024 12:05 AM
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AUD/USD weekly outlook: May 26, 2024

A 2-week bearish reversal pattern below resistance suggests there could be some further downside potential for AUD/USD, although Friday's bullish engulfing day hints at a minor bounce first.

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USD thrives, AUD/USD dives, flash PMIs up next: Asian Open

USD rallied against all FX majors except the pound on Wednesday following thanks to not-so-dovish FOMC minutes. AUD/USD now finds itself struggling to hold 66c.

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AUD/USD outlook supported by rallying metals and Chinese markets

The recent upsurge in metals prices should keep the Australian dollar supported, more so now with Iron Ore prices hitting their highest levels since February. What’s more, the ongoing risk rally across asset classes argues against a significant drop in risk-sensitive commodity dollars anyway. So, my AUD/USD outlook remains bullish despite its struggles so far this week.

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May 22, 2024 02:36 PM
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AUD/USD, ASX 200: Watching for hawkish overtones in the RBA minutes

The performance of mainland Chinese stock indices and minutes from the RBA May monetary policy meeting should be on the radar for anyone trading AUD/USD or ASX 200 futures on Tuesday. With little top tier data or event risk to navigate, they loom as the most likely drivers of Australian financial markets.

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May 21, 2024 12:32 AM
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USD, CAD, Gold, Copper, VIX, Wall Street analysis: COT report

Asset managers reached a record level of net-short exposure to VIX futures, days before prices fell to a record low. Traders also remain net-long USD despite losses in recent weeks.

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AUD/USD weekly outlook: 4-Month high for AUD, yet resistance looms

Whilst flash PMIs, FOMC and RBA minutes are on the menu this week, the success of AUD/USD is likely to come down to how the US dollar performs.

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EUR/USD, AUD/USD outlook: Forex Friday - May 17, 2024

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the US dollar, euro and Aussie, and look ahead to the next week.

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USD/CNH, USD/JPY, AUD/USD: China’s spluttering economy weighs on Asian currencies

China’s fledgling economic recovery suffered another setback in April with activity indicators mostly disappointing, especially regarding the beleaguered property sector. The news weighed on the Chinese yuan and other Asian currencies, such as the Japanese yen and Australian dollar.

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May 17, 2024 05:48 AM
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AUD/USD, ASX 200 eye a solid close for the week: Asian Open

AUD/USD and the ASX 200 have flourished this week thanks to renewed bets of Fed cuts, even though softer employment and wages data for Australia rekindled hopes of a lower RBA cash rate.

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May 16, 2024 11:20 PM
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AUD/USD, AUD/JPY: Soft jobs report extinguishes risk of further RBA rate hikes

With unemployment spiking and broader measures of labour market slack increasing, the risk of strong wages growth sparking renewed inflationary pressures looks to have past.

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May 16, 2024 03:13 AM
Research

AUD/USD breaks out, USD/JPY rolls over amidst worst day of 2024 for USD

The US dollar suffered its worst day of the year and Fed fund futures now imply with near certainty that the Fed will cut by September. And that saw AUD/USD breakout in style and USD/JPY roll over, breaking below two handles on Wednesday.

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USD could rally if CPI doesn’t soften from elevated levels: EUR/USD, AUD/USD

The US dollar continued to weaken ahead of today's US CPI report, helping EUR/USD and AUD/USD move towards key resistance levels. Yet traders will require a soft set of inflation figures for the pairs to stand any chance of breaking resistance.