AUD/USD Forecast September 24-28 AUD/USD was marked by choppy trading, and the aussie had limited losses against the US dollar this week, as the pair closed around the 1.0450 level. The upcoming week is very quiet, with just three releases. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. A weak Chinese Manufacturing PMI underscored a slowdown in the Chinese economy. As China’s number one trading partner, these weak numbers are bearish for the aussie. AUD/USD graph with support and resistance lines on it. Click to enlarge: 1.RBA Financial Stability Review: Tuesday, 1:30. This RBA report is published twice each year. It examines the conditions and risks of the financial system and may contain clues as to future monetary policy. A report which is more hawkish than expected is bullish for the aussie. 2. RBA Assistant Governor Guy Debelle Speaks: Tuesday, 8:30. The Assistant Governor will be delivering remarks at a university event in Melbourne. Analysts will be looking for hints as to the central bank’s future monetary policy. 3. Private Sector Credit: Friday, 1:30. This indicator posted a modest increase of 0.2% last month, and the markets are predicting a slight rise to 0.3% in the September release. * All times are GMT AUD/USD Technical Analysis AUD/USD opened at 1.0535, which was the high of week,as the resistance line of 1.0557 (discussed last week) held firm. The pair then dropped to a low of as 1.0367, before rebounding to close at 1.0455. We begin with resistance at 1.1080. This is followed by 1.0977, which is protecting the important 1.10 line. Next is resistance at 1.0874. This line has held firm since August 2011. Below, there is resistance at 1.0718, which last saw action in March. We next encounter resistance at 1.0605, just above the round figure of 1.06. This line has strengthened as the pair trades at lower levels. This is followed by resistance at 1.0557, which has held firm since the strong rally by the aussie a couple of weeks ago. Next, 1.0482 is now providing weak resistance, after it was breached this week as the pair moved downwards. Look for this line to be tested if the pair shows any upwards movement. AUD/USD is receiving support at 1.0402, protecting the 1.04 level. Next, there is support at 1.0340. The next line of support is at 1.0230. This line was last breached in early September, when the Australian dollar began an impressive rally. Below, there is support at 1.0174, which has held firm since late July. This is followed by support at 1.0080, protecting the psychologically important parity level. The parity line, last tested in June, is the next level of support. The final support level for now is at 0.9917. I am bearish on AUD/USD. After rallying following the QE3 decision, the pair had a quiet week. However, the aussie could lose ground due to slower growth in China. A well, if the US economy continues to under-perform, investors may abandon risky currencies such as the Australian dollar, in favor of the safety of the greenback. The Aussie sometimes moves in tandem with gold. You can trade binary options on gold using this technical analysis. Further reading: ■For a broad view of all the week’s major events worldwide, read the USD outlook. ■For EUR/USD, check out the Euro to Dollar forecast. ■For the Japanese yen, read the USD/JPY forecast. ■For GBP/USD (cable), look into the British Pound forecast. ■For the Australian dollar (Aussie), check out the AUD to USD forecast. ■For the New Zealand dollar (kiwi), read the NZD forecast. ■For USD/CAD (loonie), check out the Canadian dollar forecast. 0 AUD/USD Forecast September 17-21 AUD/USD was up sharply, as the pair climbed almost two full cents, closing at 1.0381. The upcoming week has eight releases. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The aussie capitalized on weak US employment and industrial production data last week. As well, Australian Home Sales were much higher Published by Kenny Fisher on Sep 16, 2012 12:44 1 AUD/USD Forecast September 10-14 AUD/USD had a late-week surge, as the pair climbed over one cent, closing at 1.0381. The upcoming week has eight releases. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. Despite weak Australian releases, the aussie managed to improve against the greenback, capitalizing on the ECB bond-buying program and weak US employment numbers. Updates: Chinese Trade Published by Kenny Fisher on Sep 9, 2012 12:01 1 AUD/USD Forecast September 3-7 The Australian dollar weakened this week, dropping almost one cent against its US counterpart. AUD/USD closed at 1.0416. The first week of September is very busy, with 14 releases. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The aussie lost ground following some disappointing numbers out of Australia. Both Home Published by Kenny Fisher on Sep 2, 2012 12:48 1 AUD/USD Forecast Aug. 27-31 The Australian dollar showed some movement in both directions but was almost unchanged over the week, as AUD/USD closed at 1.0399. Highlights of the upcoming week include Building Approvals and Private Capital Expenditure. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The pair continues to trade in a narrow range Published by Kenny Fisher on Aug 26, 2012 12:13 AUD/USD Forecast Aug. 20-24 The Australian dollar dropped sharply at the end of the trading week, as AUD/USD closed at 1.0410. The upcoming week has five releases. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The aussie was trading in a narrow range through most of the week, but dropped over one cent following a Published by Kenny Fisher on Aug 19, 2012 12:08 AUD/USD Forecast Aug. 13-17 The Australian dollar was unchanged over the week, as AUD/USD closed at 1.0573. The upcoming week has six releases, including Business Confidence and New Motor Vehicle Sales. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The aussie was trading in a narrow range throughout last week. Despite better than expected employment Published by Kenny Fisher on Aug 12, 2012 10:39 AUD/USD Outlook August 6-10 The Australian dollar pushed higher last week, as AUD/USD gained about one cent, closing at 1.0566. The upcoming week is busy with 10 releases. Highlights include including the Cash Rate and key employment data. Here is an outlook of the Australian events, and an updated technical analysis for AUD/USD. The aussie was trading in a narrow range for the most of last week. Like Published by Kenny Fisher on Aug 5, 2012 13:37 AUD/USD Outlook July 30 – August 3 The Australian dollar gained over one cent last week, as AUD/USD closed at 1.0477. The upcoming week has ten releases, including Building Approvals, Retail Sales and Trade Balance. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. The aussie took full advantage of some weak US numbers, including housing data and lower GDP Published by Kenny Fisher on Jul 29, 2012 13:57 AUD/USD Outlook July 23-27 AUD/USD broke out of range last week , as the Australian dollar was up almost two full cents, closing at 1.0422. The upcoming week has six releases. Here is an outlook for the Australian events, and an updated technical analysis for AUD/USD. AUD/USD took full advantage of some weak US numbers, including employment data, to stage an impressive rally