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Aud-usd

AUDUSD Potential Long Forecast | 14th March 2023Fundamental Backdrop 1. DXY continues to weaken 2. Westpac Consumer Sentiment 8.6% lift in house price expectations (Interest Rates Up) 3. Eyes are on the AUD's Employment Change and Unemployment Rate, which are expected to be better than previous results, strengthening the AUD. 4. Watch out for the US CPI News tonight Technical Confluences 1. Price recently bounced off the near-term resistance at 0.66900 2. Next resistance at 0.67750 Idea If price closes above the 0.67000 resistance level, we could see price continue heading towards the next resistance level at 0.67750. 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:A Breakout, but it will be a false one if CPI comes high.Hey Traders, Above is a technical overview on AUDUSD and the most important zones to watch. AUDUSD was trading in a downtrend and successfully managed to break it out after NFP news and current market sentiments. Currently the dollar seems indecisive prior to Tuesday CPI data so we expect some short term continuation to the upsides until CPI release. Above we have a couple of scenarios, a Valid breakout and a false breakout. When it has more potentials to be a False Breakout? If CPI data comes high that will signals to us more of a hawkish monetary policy which means more of Dollar strength as fed will continue tightening the balance sheet. When it has more potentials to be a Valid Breakout? If CPI data comes soft that's going to be a good news for the fed so we will more likely have a less restrictive monetary policy and a weak Dollar. Technically we have noticed a breakout of the downtrend so we will be watching the price action around 0.667 zone. Feel free to ask any question. Trade safe, Joe.
Long
by JoeChampion
15
Charting 8 Currencies: A Weekly Forex Analysis and CPI PreviewIn this week's Tradingview analysis, I've examined eight individual currencies and marked off key levels, support/resistance, and trendlines. These charts help me gauge the strengths and weaknesses of different pairs, which I'll be keeping an eye on for the week. However, the fundamental landscape is also worth watching, especially with the upcoming CPI event. Last week's NFP data was mixed, with some numbers beating expectations while others missed. Traders are now looking to Tuesday's CPI data to get a clearer sense of the market's direction. If the CPI data is a miss, we may see upside in risk assets and downside in the dollar. On the other hand, a beat in CPI could trigger the opposite response. Here's a brief rundown of each currency: USD: The 4H chart suggests an uptrend, but a break of the support level could lead to further downside. Reclaiming the key level could signal a continuation of the upside move. GBP: Recent price action hit a resistance zone, and I expect a pullback. I'll be watching the key level around the 50% fib for a potential bounce or downside move. EURUSD: The current uptrend may continue, but breaking the trendline and key level could trigger a downside move. JPY: Price is at an interesting juncture. Breaking the pattern and key level could give it more momentum to the upside, but failing to do so could push price down to the second key level. Watching the US10Y for further downside momentum is also important because it can add strength to the JPY. CHF: Recent price movements seem stretched, and I'll be watching for any pullback or price action at the prior resistance level. AUD: The 4H candle just broke and closed below the prior support level, indicating potential downside. A reclaim of the prior support level could indicate a false break. NZDUSD: Our support level is currently holding. If it breaks, we may see a downward move. However, a breakout above our trendline and key level would suggest a possible bullish move. CAD: There's currently downside pressure on the CAD. Watching the key level 2 for a potential reversal or further downside move. Wishing you all the best of luck in your trades, and I hope this breakdown provides some valuable insights.
by natron
8
Bearish AUDUSD OutlookThe AUDUSD has broken below the support level of 0.6700 and formed three consecutive daily doji candles. Currently, it is heading towards retesting the previous level we mentioned, which also coincides with a weekly downtrend line, an annual uptrend line, and a 23.60% Fibonacci retracement level. I anticipate the price to bounce off this level and continue its downward trend towards 0.655. ------------------------------------------------------------------------- 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
AUDUSD Potential Long Forecast | 13th March 2023Fundamental Backdrop 1. DXY continues to weaken 2. Eyes are on the AUD's Employment Change and Unemployment Rate, which are expected to be better than previous results. 3. This will strengthen the AUD. Technical Confluences 1. Price recently bounced off the near-term support at 0.66400 2. Near-term H1 resistance at 0.66900 Idea Looking for price to continue heading towards the near-term H1 resistance at 0.66900. Alternatively, price could retrace back down to the 0.66400 support level before heading back up. 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 H4 | Potential Bullish Looking at the H4 chart, we are looking for buy entry at 0.6549 which is an overlap support, take profit will be at 0.6644 and stop loss will be at 0.6487 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Genesiv
1
AUDUSD Outlook 10th March 2023Overnight, the AUDUSD traded down to the 0.6568 support level despite the overall downward move on the DXY. As the price failed to break the support level, a brief move to the upside could be likely. However, if the DXY recovers in strength from the release of positive NFP data, the AUDUSD could continue with the trend and trade significantly lower, down to the next key support level of 0.6430. Alternatively, if the AUDUSD rises beyond the 0.6635 price level, which aligns with the 38.2% Fibonacci retracement level, further upside could be anticipated, with the key resistance at the 0.67 round number price level. Ultimately, the next directional bias for the AUDUSD will be highly dependent on the outcome of the NFP later today.
by JinDao_Tai
2
AUDUSD: Hit the 4 month Support Zone over the 0.618 Fib. BullishThe AUDUSD pair is vastly oversold on the 1D time frame (RSI = 29.541, MACD = -0.008, ADX = 36.291) as the price hit the S1 Zone going back to November 21st. The 0.618 Fibonacci is at the bottom of this zone and makes the strongest possible Support. As a result we are turning long on this pair, targeting the 1D MA200 (TP1 = 0.67500) and the 1D MA50 (TP2 = 0.68500) on a 1 month horizon. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
AUDUSD Potential Forecast | 9th March 2023Fundamental Backdrop 1. Fed Powell mentions that upcoming FOMC meeting stance is up to NFP data release. 2. Market sentiments surrounding the USD has been flipped bullish. 3. Fed Powell mentions that Fed would not hesitate to hike the i/r at a faster pace. Technical Confluences 1. Strong bearish momentum and pressure happening onto AUDUSD. 2. Price has broken certain key resistance levels and the latest one being 0.6627. 3. Given the strong bearish momentum, we can see price come further down in light of the NFP data release tomorrow. Idea I will be looking for price to continue its bearish momentum in the market. 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
Audusd should b a correction pullback on higher timeframewaiting for opportunity to short this...it might continue correcting more after this consolidation or break down further.. *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
AUD/USD:Breakout Neckline H&S And SHORT Continuation....Hello Traders! So, the Australian dollar (AUD) has gone down after the Reserve Bank of Australia (RBA) made a decision about interest rates. However, Antje Praefcke, an FX Analyst at Commerzbank, thinks we should be careful about assuming that this means the end of interest rate hikes in Australia. Basically, the RBA still seems to be planning to raise interest rates further, but they're going to be looking at economic data before they make any more decisions. The market reacted to the RBA's statement by selling AUD, but it's not necessarily a sign that the interest rate cycle is over. Like in other countries, some prices are going down (like energy prices) but others (like services and wages) are still going up. So, the market is going to be paying close attention to economic data to see what the RBA will do next.
Short
by FOREXN1
5
AUDUSD RBA Decision 7th March 2023The AUDUSD remains "trapped" between the support (0.67) and resistance (0.6780) in the lead up to the Reserve Bank of Australia (RBA) interest rate decision at 11:30am GMT+8 The current expectation is for a 25bps rate hike, to take the interest rates in Australia from 3.35% to 3.60%. Generally, since August 2022, every interest rate hike from the RBA had seen the AUDUSD trade lower. This trend was broken with the most recent decision in February. Currently trading at the 0.6746 price level, if the RBA does hike rates by 25bps AND signals that further rate hikes can be expected, the AUDUSD could trade up to the 0.6780 resistance level. However, at the resistance level, if the price fails to break higher, the AUDUSD could reverse back down and continue to be trapped within the range.
Long
by JinDao_Tai
4
AUDUSD Potential Forecast Pre-Cash Rate | 7th March 2023Fundamental Backdrop 1. The Trade Balance dropped from 12.99B to 11.69B, this shows that export demand dropped which creates a greater demand for foreign currency, weakening the AUD. 2. AUD's Cash Rate is going to be released at 11.30am SGT 3. Based on previous data we saw a roughly 30 - 50 pip drop within the day. 4. Expecting the AUD to drop later on towards the support at 0.67000 Technical Confluences 1. Price is currently in a strong bearish trend. 2. Price is also below the Ichimoku cloud, indicating a bearish market. 3. Near term strong support level at 0.66500 Idea Expecting the AUD to drop towards the support at 0.67000. If price manages to break below that support level, we could see price head towards the near term strong support level at 0.66500. 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 6th March 2023The AUDUSD traded with significantly choppy price action toward the end of last week. The price generally fluctuated along the 0.6750 price level before trading slightly higher, toward the resistance level of 0.6780, due to the weakness of the DXY. Although the AUDUSD has been trapped within the price range of 0.67 and 0.6780 in the short term, the current DXY weakness could see the AUDUSD trade slightly higher. However, look toward how the price action develops for a potential setup, with the RBA interest rate decision due tomorrow. Based on previous backtesting, the AUDUSD tends to trade lower following the RBA interest rate decision. Therefore, if by the news release tomorrow, the AUDUSD continues to trade below the 0.6780 resistance level, this could be a good setup for a retest of the 0.67 price level again.
Short
by JinDao_Tai
A bullish setup on AUDUSDHey Traders, here is my simple Buy setup on AUDUSD. The pair just successfully completed the inverted Head and Shoulder on the Daily TF, and now that signal a bullish run. On 4H the price retested the demand zone second time which could be argue to be a level that buyer might start throwing some buy orders in, but that is not enough. The market just made a flat bottom (liquidity mark up) and probably going to further the bearish run to retest the Daily OB as indicated below. Or You can look for a long position if the price break above the Multiple level of market structure then use the current resistance are as support after breaking that level. Buyers can look to buy the next retest and target the 0.7200 area.
Long
by Adefxc
9
AUDUSD, H1 | Bearish reversal from key resistanceWe're seeing price approaching a strong overlap resistance at 0.6781 which also lines up with the 38.2% Fibonacci retracement. Price could potentially reverse from here pushing it all the way down to the recent swing low at 0.6698. However, if prices were to break this resistance level, the next big resistance for us to keep an eye on is 0.6810 which is the 50% Fibonacci retracement level along with the pullback resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
AUDUSD | LOOKING LIKE A GOOD SELLHey Traders! The market is showing a strong bearish trend on the higher time frames, with price action surpassing the weekly MA 20. The daily charts are also indicating a downward trend, with price trending below all moving averages and headed towards breaking below MA 100. This indicates a strong possibility of a further drop, particularly given the positive initial jobless claims data for the US. We might experience some rejection of the support but the overall setup is looking favourable for further downward momentum
Short
by FX-TradingLions
AUDUSD Potential Forecast | 2nd March 2023Fundamental Backdrop 1. AUD CPI decreased from previous 8.4% to 7.4%, this shows that inflation is decreasing which could lead the Reserve Bank of Australia to reduce interest rates, weakening the AUD. 2. AUD's GDP q/q decreased from 0.7% to 0.5% which shows that the economic activity and economy health are decreasing. Technical Confluences 1. The overall bias for AUDUSD on the H4 chart is bearish . 2. Price is on a bearish trend , forming lower lows and lower highs. 3. Price could potentially retrace to the H4 resistance level at 0.678. 4. Anticipating price to retest the weekly support level at 0.662. 5. Price has already broken multiple structures to the downside. 6. Price is resting below the ichimoku cloud , signifying bearish intent. Idea Price has already retested the H1 resistance at 0.67800. Looking for shorts towards the 0.66400 support area. 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