News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • US Dollar volatility remains heightened in the midst of back-and-forth stimulus negotiations. Get your $USD market update from @RichDvorakFX here:
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.00% Gold: -1.08% Silver: -1.58% View the performance of all markets via
  • some interesting $BTC charts though. Even as Gold and Silver remain in sluggish digestion patterns, Bitcoin just launching higher through some big res. PTJ singing the praises prob didn't hurt #Bitcoin $BTCUSD
  • Fiscal updates are basically the new trade war updates.
  • the alliteration... I couldn't help myself
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.53%, while traders in EUR/USD are at opposite extremes with 71.84%. See the summary chart below and full details and charts on DailyFX:
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.52% US 500: 0.49% Germany 30: 0.39% France 40: 0.34% FTSE 100: 0.18% View the performance of all markets via
  • France reports 41,622 new virus cases over last 24 hours - BBG
  • Early this morning, the Japanese Yen (JPY) appreciated significantly against the US Dollar as stimulus hopes faded once more. Get your $USDJPY market update from @WVenketas here:
  • EU threatens to place tariffs on Chinese aluminum converter foil - BBG
AUD Fails to Break Crucial Trendline, Eyes on Fed Risk

AUD Fails to Break Crucial Trendline, Eyes on Fed Risk

2018-09-25 09:04:00
Justin McQueen, Analyst

AUDUSD Analysis and Talking Points

Australian Dollar Fails to Break Key Resistance

Heightened US-China trade tensions keep the Australian Dollar on the backfoot, with the currency shedding 0.7% over the past two sessions. In turn, AUDUSD failed to make a break above the key 2018 high trendline, which has remained firm thus far, consequently, keeping the Australian Dollar stuck in its bearish trend. However, a move back towards the 2018 lows may be out of the question for now, as large net Aussie short positioning ($4.9bln), alongside a bid in copper and oil prices may limit downside.

AUD Fails to Break Crucial Trendline, Eyes on Fed Risk

Fed Risk Looms

Tomorrow will see the latest Fed monetary policy meeting, in which the central bank is expected to raise rates by 25bps. Given that this is 100% priced in by the market, focus will be on the monetary policy statement as well as the Fed dot plot projections. With US yields rising to multi-year highs with the 10year yield above 3%, markets are seemingly pricing in a more hawkish Fed.

AUDUSD PRICE CHART: Daily Time Frame (October 2017-September 2018)

AUD Fails to Break Crucial Trendline, Eyes on Fed Risk

Chart by IG

Where Next for AUDUSD?

According to IG Client Positioningdata shows 51.1% of traders are net-long with the ratio of traders long to short at 1.05 to 1. The number of traders net-long is 4.9% higher than yesterday and 106.8% higher from last week, while the number of traders net-short is 2.9% higher than yesterday and 53.4% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUDUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUDUSD-bearish contrarian trading bias.

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.