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
Oil - US Crude
Wall Street
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
More View more
Real Time News
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • The price of #oil may continue to trade in a narrow range as the rebound from the September low ($36.13) appears to have stalled ahead of the month high ($43.43). Get your #commodities update from @DavidJSong here:
  • The Australian Dollar may extend its slide lower despite the planned easing of Covid-19 restrictions, as the market continues to price in an RBA rate cut on October 6. Get your #currencies update from @DanielGMoss here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your USD/INR market update here:
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here:
  • #Gold prices have plunged nearly 11% off the record highs with a breakout risking further losses. Here are technical trade levels that matter on the XAU/USD weekly chart. Get your #metals update from @MBForex here:
  • Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true.Simplify your trading strategy with these four indicators here:
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
Australian Dollar Forecast: AUD/USD, AUD/NZD Levels to Watch

Australian Dollar Forecast: AUD/USD, AUD/NZD Levels to Watch

2020-08-14 11:10:00
Justin McQueen, Analyst

AUDUSD, AUDNZD Price Analysis & News

  • AUD/USD Stalling, However, AUD/NZD Still Favouring Upside to 1.1000
  • Repatriation Flows for AUD?
  • Risks to Australian Dollar Outlook

AUD/USD Stalling, However, AUD/NZD Still Favouring Upside to 1.1000

Overnight, the RBA Governor reiterated that he would like to see AUD lower, however, unlike its New Zealand counterpart, the RBA are not prepared to intervene to get the Aussie lower. However, while risk-reward in AUD/USD is potentially tilted to the downside, given that equity markets are beginning to stall. We still tilt towards a bullish bias in AUD/NZD, despite the cross already coming along way from where we had previously mentioned. In turn, 1.1000 remains in focus for the cross.

Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Justin McQueen
Trading Forex News: The Strategy
Get My Guide

Repatriation Flows for AUD?

Yesterday, it had been brought to my attention that search interest among Australian citizens regarding withdrawals from their super had picked up again, which may provide the potential for the Aussie to stay afloat on repatriation flows. Last year, it had been reported that investments into overseas assets had jumped 27% to $1.5 trillion, which in turn led to a net equity position where Australian ownership of foreign assets had exceeded foreign ownership of domestic assets by a record $141bln. As such, a withdrawal of supers may stand to benefit the Aussie, particularly against the Kiwi.

New Zealand Dollar Seasonally Weak in August

Risks to Australian Dollar Outlook

In the short-term, US-China tensions continue to linger and thus pose a risk to the Australian Dollar. Focus will be on tomorrow’s US-China phase 1 compliance review. However, greater attention will likely be placed on the issues that have occurred as of late, centering around national security concerns (TikTok & Huawei) and geopolitical tensions (HK & South China Sea) as opposed to the actual trade deal. As such, the rhetoric following the meeting will be watched closely with a downbeat outcome likely to place the Aussie on the backfoot.

Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 5% -6% -1%
Weekly 24% -25% -5%
Learn how to use Sentiment in your trading strategy
Get My Guide

Topside Stalling for AUD/USD

AUD/USD Price Chart: Daily Time Frame

Australian Dollar Forecast: AUD/USD, AUD/NZD Levels to Watch

Source: IG

AUD/NZD Makes Key Topside Break on Monetary Policy Divergence

Australian Dollar Forecast: AUD/USD, AUD/NZD Levels to Watch

Source: IG

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