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AUD (Australian Dollar)

AUDCAD Will Go Higher From Support! Buy! Here is our detailed technical review for AUDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.906. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.911 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURAUD Technical Analysis and Trade Idea👉🔍 In this EURAUD analysis, we explore the higher time frame charts which currently indicate a bearish trend with a retrace into resistance. However, price action shows a strong bearish move after todays data release favouring the AUD. Im looking for a possible short term bullish reversal into resistance for a sell opportunity. It's important to note that this is speculative and not a guaranteed forecast. It's prudent to watch for certain price movements to verify a genuine reversal. This video provides a close look at the trend, market structure, and price action. Remember, this content is for educational purposes only and trading carries significant risk. Always ensure you implement strong risk management strategies in your trading practices. 📈🔔
Short
by tradingwithanthony
2
GBP/AUD Poised for Bullish Rebound: Technical Strategic InsightsLast week, the GBP/AUD currency pair mirrored the movement of the GBP/USD main pair, experiencing a notable rebound around the 1.9000 demand area. This area has proven to be a significant support level, reinforced by the stochastic indicator on the H8 timeframe plus a bullish divergence, which shows an oversold condition. This technical signal aligns with the 78.6% Fibonacci retracement level, where the price reacted with a strong bullish candle, indicating a potential upward momentum. The price is currently situated in a discount area, making it an attractive opportunity for a long position. Using a Supply & Demand strategy, we aim to capitalize on this potential bullish impulse. The confluence of technical indicators and the historical behavior of the price at this level support our long setup strategy. Given these factors, we are looking to enter a long position, anticipating that the GBP/AUD pair will continue its upward trajectory. This strategic approach leverages the robust demand area, the oversold condition indicated by the stochastic, and the significant Fibonacci level, creating a compelling case for a bullish rebound.
Long
by FOREXN1
1
AUDCAD - 4hrs ( Sell Trade Target range 150 PIP ) ☑Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✔️Bearish Break 0.90800 Area Reasons - Pattern Break Out - Visible Range Hvn - Inner Choch / 4hrs - Major Choch / w - Day + week low - 3Q High + 2Q High Braek - Month High break - FiboGolden Zone ✔️Bullish Reversal 0.89000 Area Reasons - Major Turn level / Month - Major Triangle Pattern - Choch / Bullish - inner Counter - Fibo Golden Zone - Month High - Day High + week Break
Short
by GoldenEngine
GBPAUD I Potential short from resistance Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
6
AUDNZD...DOWNTRENDAnalysts are leaning towards a continuation of the downtrend for the AUDNZD forex pair, citing fundamental factors. The contrasting positions of the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) are considered to be a significant factor. A central bank with a more accommodative stance suggests a readiness to maintain low interest rates, potentially leading to a depreciation of the currency. Comparing Interest Rates: If the RBNZ takes a more assertive approach in raising rates compared to the RBA, it may increase the appeal of the NZD to investors, resulting in a stronger NZD against the AUD.
Short
by ProfessorCEWard
AUDCAD...UPTRENDStrengths of the Australian Dollar (AUD): Australia plays a significant role in the global market for commodities such as iron ore and coal, which have experienced a notable increase in prices. The AUD can benefit from strong global demand and recent price increases for these commodities, as exports become more valuable. RBA Taking a More Assertive Stance: The Reserve Bank of Australia (RBA) has taken a more assertive stance compared to other central banks such as the Bank of Japan, by increasing interest rates in order to address inflationary pressures. This could potentially increase the appeal of the AUD for investors who are looking for higher yields. Increased Bond Yields: Australian bond yields have reached their highest levels in five years, which could potentially make the AUD more appealing to foreign investors and strengthen its position. Weaknesses of the Canadian Dollar (CAD): Gentler Rate Increases: The Bank of Canada appears to be adopting a more cautious approach in terms of increasing interest rates, in contrast to the RBA. This may decrease the appeal of the CAD for investors looking for greater returns. Oil Price Volatility: Although Canada is a significant oil producer, fluctuating oil prices can lead to unpredictability for the CAD. SUMMARY The AUDCAD uptrend could be influenced by the AUD's support from rising commodity prices and the potentially less hawkish stance of the Bank of Canada compared to the RBA.
Long
by ProfessorCEWard
GBPAUD - 4hrs ( Buy Trade Target Range 180 PIP ) ☑Pair Name : GBP/AUD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— ✔️Bullish Break 1.90450 Area Reasons - Major Turn level / D - visible Range Hvn - Pattern Lower Band - Inner Trend break - Counter Trend Line - Inner Choch Area ✔️Bearish Reversal 1.92500 Area Reasons - mjaor Turn level / W - Pattern Upper Band - Quarters Zone - Fixed range Lvn - Fibo Golden Zone
Long
by GoldenEngine
4