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Aud-usd

AUDUSD: Hourly chart selling pressureOn the long-term, the AUDUSD pair is moving sideways, meaning there is no trend to follow. However, on the short-term (hourly and 4-hour frames), traders can benefit from these sideways movements by identifying local trends and support and resistance levels. Looking at the hourly frame, we can see that the price is trading below the 100 and 200 daily moving averages as well as the 100 and 200 moving averages for the hourly frame. This may confirm that trading is under selling pressure. Last week, we expected the price to break the local uptrend, which would increase selling pressure on the price. Currently, the price is approaching a support line at 0.6693, and we are waiting for the price to correct to the broken trend edge and the moving averages (without surpassing them). This would signal a sell opportunity until at least 0.6659. However, it's worth noting that the situation remains unstable due to the sideways movement, and the price could reverse at any moment. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
AUD USD - FUNDAMENTAL DRIVERSThe Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected. This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by year-end. Bechtel has been watching the Dollar index - a measure of overall USD performance against a basket of major currencies - and finds the rise witnessed over recent days can continue, even if it is somewhat unconvincing. "I am still of the view that we are likely to see some weakness in the USD in the medium term, but in the very short term DXY might get pulled just a bit higher first," says W. Brad Bechtel, Global Head of FX at Jefferies LLC. Bechtel is watching U.S. interest rate markets as an explainer of the Dollar's performance as inflation narratives become "a thing again" . "DXY made a double bottom around 100.80 for now but has not really participated in the rally as U.S. rates grind higher," says Bechtel. U.S. two-year bond yields have been rising since the week of March 20, a development that would typically be expected to offer the U.S. Dollar support. But, "in percentage retracement terms the USD is nowhere close to the 50% seen in the 2yr which tells me that there is some structural weakness in the USD out there still" . "If this move in U.S. yields fizzles and starts to reverse lower again, then the USD will take out 100.80 pretty quick and EUR/USD will rise through 1.1100," predicts Bechtel. The Dollar is expected to be the prime driver of where the Pound to Dollar exchange rate and other pairs trade over the coming weeks. "In the end, EUR/USD will trade to 1.1250, GBP/USD 1.2700, AUD/USD through 0.7000, maybe up to 0.7200 eventually," says the Jefferies analyst. The Dollar index is meanwhile expected to trade through 100.00 floor, but Jefferies' FX strategy team is not looking for "a huge break lower" . "A move through 100.00 and then some range-bound activity as we push through the Summer," says Bechtel. This suggests another leg higher in GBP/USD, EUR/USD, AUD/USD et al. is possible during spring, ahead of rangebound trade during the summer months (through to end-August). "By end of Summer, we'll have a better view on where things stand with the US economy. Will the US economy roll over hard or will the Fed pull the rabbit out of its hat and have a soft landing," says Bechtel. If the Dollar slides sharply into year-end and into next year "then we could enter a bigger down cycle in the USD, but I am reticent to make that call just yet," says Bechtel.
Long
by thunderpips
1
AUDUSD Head & Shoulders but don't sell until the Support breaksThe AUDUSD pair is forming a Head and Shoulders (H&S) pattern on the 1D time-frame, having also completed a Death Cross (1D MA50 crossing below the 1D MA200) three days ago. This is a technically bearish pattern. We will stay bullish however, targeting 0.71500 until Support 1 (0.65665) breaks. In that case we will target 0.64000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
AUDUSD: This Support is the pivot level we'll tradeAUDUSD is on neutral 1D technicals (RSI = 51.267, MACD = -0.001, ADX = 34.243) as it has been basically trading sideways for the past 30 days. The pattern looks a lot like the November/December 2022 Channel Up, which broke out to the R1. As long as the S1 holds, we will be buyers (TP = 0.71250). If the S1 breaks, we will take the loss and sell, targeting the S2 (TP = 0.62250). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
6
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.68100 zone, AUDUSD was trading in upwards but seems like there was a quick change of trend after some hawkish comments from Fed Waller about the US monetary policy which have triggered USD strength. Currently AUDUSD is approaching an important Supply zone of 0.68, when Good fundamentals meets with the technicals price action should be on Radar. Trade safe, Joe.
Short
by JoeChampion
21
AUDUSD Weekly Forecast| 17th April 2023Fundamental Backdrop 1. Last week, the Employment Change was better than expected which shows that consumer spending have improved. 2. The Unemployment Rate maintained at 3.5% which shows the economic health is stabilizing. 3. These news events caused the AUD to rise towards 0.68 key resistance level before dropping back down to 0.67 by the end of the week due to the significant bullish FOMC news event which caused the DXY to strengthen. 4. This week we have the NZD CPI q/q which is expected to improved. NZD news events closely affects the AUD. This shows that inflation is rising and could lead the central bank to raise interest rates. We could see the AUD retest the 0.68 resistance level. Technical Confluences 1. Near-term support at 0.66740 2. Resistance at 0.67850 Idea The sentiments for AUD this week is relatively bullish. We could see price retest the near-term support at 0.66740, before heading towards the resistance at 0.67850 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
AUDUSD | Short Signal!The AUD/USD pair has been experiencing a bearish sentiment lately due to a strengthening of the US dollar, which is causing the pair to move lower. This is partly due to rising inflation concerns in the US, which is increasing expectations of a faster pace of interest rate hikes by the Federal Reserve. Additionally, the ongoing trade tensions between the US and China are also weighing on the Australian dollar, which is a commodity currency heavily exposed to Chinese demand. Overall, the short-term outlook for AUD/USD is bearish, but as with any market, sentiment can change quickly based on a variety of factors.
Short
by percifying
AUDUSD Outlook 11 April 2023Considering a potential strong reversal on the AUDUSD as the price found strong support at the 0.6625 price level. In a similar move, on 24th March, when the AUDUSD failed to break below the support level, the price rebounded strongly to the upside, trading up to the 0.68 resistance level. Now that the AUDUSD has broken over the 23.6% fib retracement level and the downward trendline, this could indicate further upside potential. The main area of concern is the shadows on the previous few candles showing some resistance. However, anticipating further DXY weakness, the AUDUSD could close above the 38.20% fib level and 0.6690 price level, to signal further upside with the immediate resistance at 0.6725 and beyond that 0.68
Long
by JinDao_Tai
1
AUDUSD Weekly Forecast| 10th April 2023Fundamental Backdrop 1. The RBA chose to hit a pause on its interest rates maintaining it at 3.60%. This marked the first pause since May of 2022. This is seen as Dovish. 2. It's increasingly dovish for the AUD, especially around the household sector. There are evidence that the combination of higher rates, high inflation, and falling house prices are leading to a substantial slowing in household spending. 3. Eyes are out on the Employment Change which is expected to drop and the Unemployment Rate which is expected to increase. Technical Confluences 1. Near-term support at 0.66400 2. Next support below at 0.66000 Idea The sentiments for AUD this week is relatively bearish. We could see price continue heading towards the near-term support at 0.66400. A break below 0.66250 could see price head lower towards the next round number support 0.66000. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
Looking for AUDUSD stem dips.AUDUSD - 24h expiry - Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Short term bias is mildly bullish. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We look to buy dips. We look to Buy at 0.6665 (stop at 0.6625) Our profit targets will be 0.6765 and 0.6785 Resistance: 0.6780 / 0.6925 / 0.7160 Support: 0.6665 / 0.6550 / 0.6380 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
AUDUSD Potential UpsidesHey Traders, AUDUSD is trading in an ascending channel and now it seems to be approaching the channel support around 0.667 Demand and supply zone. if bulls are confirmed i would set the channel resistance as a target. fundamentally US data are still printing softs which have triggered more USD weakness and considering also that the market is expecting the US monetary policy to go less restrictive. We would also consider that stocks are trading positively and that should be a good driver for AUDUSD and NZDUSD upsides as they do trade in a positive correlation with the American indices. Trade safe, Joe.
Long
by JoeChampion
10
AUDUSD Pre Cash Rate Forecast| 3rd April 2023Fundamental Backdrop 1. The upcoming Cash Rate on Tuesday is expected to increase from previous 3.60% to 3.85% 2. This could cause a roughly 75-150 pip drop based on past data if the RBA statement is seen as Dovish. Technical Confluences 1. Price reflected off resistance at 0.67400 2. Near-term support at 0.66400 3. Next support below at 0.66000 Idea If the Cash Rate comes out as expected at 3.60% and the RBA statement is DOVISH , we could see price break the near-term support at 0.66400, before heading towards the next support below at 0.66000. Alternatively, if the Cash Rate comes out as expected at 3.60% and the RBA statement is HAWKSIH, we could see price head back up towards the resistance at 0.67400. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
by OlympusLab
AUDUSD ShortWe are looking at AUDUSD Shorts, We are aware of the BRICKS news going around on Instagram however that's nothing new rn it has been online going around since 2015, and we may or may not see the debasement of the dollar in our lifetimes... Dollar, USA is an "empire" of sorts. They have the ultimate power over their currency allowing themselves to print as much as they need... (Yes we are aware that this is a double-edged sword...) The outflow of peoples savings from deposits to the MFF (Money Market Funds) are the biggest in decades. MFFs are for example the US Treasury (Yanet Jellen)..... Please don't hesitate to discuss with us! We love some good discussion in the comment section!
Short
by FastFx_Ltd
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.667 zone, AUDUSD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.667 support zone. if the rejection is confirmed i would consider 0.675 as a target as it's considered the channel resistance and the next major supply area AUDUSD will be facing. Fundamentally the environment of USD is weak since inflations tensions have eased and that signals less restrictive upcoming monetary policies. Trade safe, Joe.
Long
by JoeChampion
5