The AUDUSD had a strong week rising as high as +195 pips. The Aussie dollar although giving back some gains late in the week still held onto a 114 pip gain for the week.

AUD/USD Outlook

The aud/usd has been able to shake off the recent rate cut and has begun an uptrend. This is currently the first pullback in the uptrend so it remains to be seen if it will hold or not. Looks like some very nice setups long on the daily time frame and short on the 4 hour developing coming into the start of the week.

AUD/USD Analysis

Let’s take a look at the charts...