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Aud-usd

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
AUDUSD gains to be capped at recent spike?AUDUSD - Prices spiked higher and stalled at resistance in early trade. Further selling pressure led to a reversal in price action. The 200 day moving average should provide resistance at 0.6731. The medium term bias remains bearish. Previous resistance located at 0.6755. Preferred trade is to sell into rallies. 24h expiry - We look to Sell at 0.6755 (stop at 0.6785) Our profit targets will be 0.6675 and 0.6550 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.
Short
by OANDA
AUDUSD Long Forecast| 31st March 2023Fundamental Backdrop 1. China's Purchasing Managers' Index (PMI) beat expectations, indicating that the economy is improving faster than expected 2. This can help further strengthen the AUD because China is Australia's largest trading partner. Technical Confluences 1. Price at the 0.67200 support level 2. Near term resistance at 0.67500 Idea With a medium bullish bias for AUD today, we could see price head up towards the near term resistance at 0.67500. 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 Forecast Post-CPI | 29th March 2023Fundamental Backdrop 1. The AUD CPI y/y dropped from 7.4% to 6.8%, which is also worst than expected of 7.2%. 2. This suggests that the Australian economy is not doing as well as previously thought. 3. It could lead the RBA to lower interest rates in the future which could lead to a depreciation of the currency. Technical Confluences 1. Price at the 0.67100 resistance level 2. Near term support at 0.66750 Idea With a strong bearish bias for AUD today, we could see price head down towards the 0.66750 support level. 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
2
AUDUSD Outlook 29 March 2023The AUD CPI y/y was released at 6.8% (Forecast: 7.2% Previous: 7.4%) which indicates a significant slowdown in inflation growth for the Australian economy. Following the data release, the AUDUSD traded slightly lower from 0.6710 down to 0.6690, as the slowdown in inflation growth signaled the increased potential for the RBA to pause on future rate hikes. However, with inflation at 6.8%, this is still high above the RBA's 2% target level. As the AUDUSD trades along the 0.67 price level, the price could continue to consolidate along the round number level, with the upward trendline supporting a breakout to the upside, especially if the DXY continues to weaken.
Long
by JinDao_Tai
AUDUSD trade ideaTrade idea: wait for market to break support, wait on re-test after wick rejection at zone of resistance enter bearish SL above structure TP 3x risk else, Wait for market to retract to resistance after wick rejection wait for break of support level and on retest wait for wick rejection this will give enough confluence to enter short SL above structure TP 3x risk when market touch support it gradually moves up to resistance when touching resistance it gradually moves to support until structure no longer holds, and breaks through market in an up channel looking for selling opportunities market was at low price rejecting bottom up trendline best possible sell will be at channel resistance or break below support and wait on retest about 400 pips away from daily fib target at current price
by TradingfortheFuture_
1
NZDUSD Bearish Development, Watch For Sell Hello traders: Here on NZDUSD, we can see price is currently consolidating in a possible bearish correction structure. After the initial bearish impulse move, the price fails to break the previous swing highs, and begin to form the current correction. This is usually a good sign that the bearish momentum is still strong and more continuation is very possible. Wait for lower time frame development to confirm the bearish trend to the next swing lows.
Short
by jojofang0901
AUDUSD: Bearish signal below 0.6680AUDUSD pair successfully broke below the wedge pattern as I mentioned in the previous analysis. However, it seems that more liquidity is needed to support the downward movement. It's likely that the price will undergo a corrective movement towards the level of 0.6680, which is a very important level where the broken trendline, Fibonacci level 23.60, and the moving averages 50 and 100 on the 4-hour timeframe converge. Additionally, the point of control (POC) is also located at that level, as shown on the volume profile indicator. Any sign of reversal from this level will be considered a bearish signal towards 0.65970. ------------------------------------------------------------------------- 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
1
Bearish Entry Signal in AUDUSD at 0.66685 LevelThe AUDUSD is moving sideways in a continuation flag pattern. However, there is a clear resistance from top to bottom on the daily timeframe. If we look at the 4-hour timeframe to analyze the upcoming movement, we find that the price is touching the local uptrend line and also the 50 and 100 moving averages for the 4-hour timeframe. From here, I expect the price to rebound slightly higher, and then break the pattern with clear momentum at the level of 0.66685. Breaking this level and stabilizing below it can be considered a bearish entry signal, with the target being 0.660 and then 0.657. ------------------------------------------------------------------------- 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