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Aud-usd

AUD/USD short-term view 0.63Hello Traders It seems AUD/USD is going to make a triple combo corrections. it is possible, since we are bullish on USD. so we are expecting the price will reach 0.63 and 0.616 levels eventually. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments
Sell AUDUSD Channel BreakoutThe AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel Breakout: The price has been trading within a descending channel defined by two converging lines: a falling resistance line and a falling support line. This pattern indicates ongoing downtrend and potential for continued selling pressure. Sell Entry: Consider entering a short position around the current price of 0.6514, which sits close to the broken channel resistance. This could offer an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 0.6485 and 0.6468, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 0.6540. This helps limit potential losses if the trend unexpectedly reverses. Thank you
Short
by KABHI_FOREX_TRADING
34
AUDUSD to find buyers at current support?AUDUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The selloff has posted a correction count on the daily chart. Risk/reward is ample to call a buy trade. Price action looks to be forming a bottom. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. We look to Buy at 0.6520 (stop at 0.6496) Our profit targets will be 0.6580 and 0.6595 Resistance: 0.6560 / 0.6590 / 0.6615 Support: 0.6500 / 0.6470 / 0.6445 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 forming a bottom?AUDUSD - Intraday Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The selloff has posted a correction count on the daily chart. We are trading at oversold extremes. Preferred trade is to buy on dips. We look to Buy at 0.6480. We look to Buy at 0.6480 (stop at 0.6456) Our profit targets will be 0.6540 and 0.6555 Resistance: 0.6520 / 0.6550 / 0.6575 Support: 0.6480 / 0.6460 / 0.6435 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 - Wait For The Trigger 🏹Hello TradingView Family / Fellow Traders, On Daily: Left Chart AUDUSD has been bearish but it is currently approaching a robust support zone so we will be looking for buy setups on lower timeframes. On H1: Right Chart 📈 For the bulls to take over, we need a momentum candle close below above the neckline highlighted in gray. 📉 Meanwhile, AUDUSD would be bearish short-term and can still trade lower inside the daily support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
AUD/USD remains trapped beneath its 200-day EMAAUD/USD fell from the late-December high to mid-January low in a fairly straight line, so it is no surprise to see prices have consolidated. However, the consolidation cannot last forever so we're looking for its next directional. Given the Aussie has failed to rally despite 'good news' from China, perhaps a spell of bad news could send it lower. That, or a softer-than-expected inflation report on Wednesday. The daily chart shows the Aussie has repeatedly failed to post a daily close above its 200-day EMA, and has left a series of shooting star candles along the way. Bears could consider fading into retracements towards the 200-day EMA wit a stop well above it, and target the 0.6500 - 0.6520 support zone. AN RSI (2) above 90 could also help time a short trade as it could indicate a near-term top.
Short
by CityIndex
AUDUSD: Technical Breakout Amid Fed's Powell WarningIn today's trading session, our focus is on AUDUSD, where we're eyeing a selling opportunity around the 0.65200 zone. Technically, AUDUSD has been in an uptrend, but there are indications of a potential breakout to the downside. If the price dips below the 0.65200 support level, we anticipate a retracement of the breakout towards lower levels. Adding a fundamental layer to our analysis, recent remarks by Federal Reserve Chairman Jerome Powell have influenced our outlook on the US dollar. Powell's statement, made yesterday on January 31st, indicated that there won't be any rate cuts in March. This commentary has led to expectations of potential strength in the US dollar as it suggests a more hawkish stance by the Fed regarding monetary policy. Given this fundamental development, we anticipate that any further weakness in AUDUSD could be exacerbated by potential dollar strength following Powell's warning. Traders should monitor the market closely for confirmation of the breakout and be prepared for possible downside momentum in AUDUSD. Trade safe, Joe.
Short
by JoeChampion
AUDUSD continues in a range.AUDUSD - 24h expiry Trading has been mixed and volatile. Price action has continued to range within a rectangle formation. The primary trend remains bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.6600. We look to Sell at 0.6600 (stop at 0.6624) Our profit targets will be 0.6540 and 0.6520 Resistance: 0.6600 / 0.6630 / 0.6660 Support: 0.6540 / 0.6510 / 0.6480 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:Bullish Stocks and Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.65800 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.65800 support and resistance area. We would also like to consider the current bullish momentum on stocks and indices, usually bullish stock makes AUDUSD longs interesting due to the positive correlation. Trade safe, Joe.
Long
by JoeChampion
4
AUDUSD: Riding High on Stock Market SurgesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.65900 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area. One significant factor contributing to this outlook is the ongoing rallies in indices and the well-established correlation between AUDUSD and stock market movements. As indices surge, AUDUSD tends to benefit from the positive correlation, with the Australian dollar often strengthening alongside stock market momentum. Therefore, considering the recent uptick in indices, traders are cautiously optimistic about the potential bullish momentum in AUDUSD, aligning with the broader market sentiment.
Long
by JoeChampion
2
USD's PCE Puzzle: Mapping AUDUSD's Path Amidst Fundamental TrendIn today's trading session, AUDUSD traders are eyeing a potential buying opportunity around the 0.65700 zone, leveraging the pair's uptrend amidst a correction phase. However, the unfolding fundamental landscape, particularly influenced by the US Core Personal Consumption Expenditure (PCE) Price Index, demands meticulous analysis to navigate market dynamics effectively. The recent release of US December PCE core inflation figures, standing at 2.9% y/y versus an expected 3.0%, underscores the significance of examining historical trends to gauge the trajectory of AUDUSD amidst evolving economic conditions. Comparing these fresh numbers with previous data reveals a nuanced narrative, shedding light on the shifting inflationary landscape in the US. Delving into the historical trends of US Core PCE data, including previous releases such as December's 2.9% against a forecast of 3.0%, provides valuable insights into the evolving inflationary dynamics. Understanding the trend and potential deviations from expectations allows traders to anticipate market reactions and position themselves accordingly. The impact of US Core PCE on the USD cannot be understated, as it serves as a crucial gauge of inflationary pressures and influences the Federal Reserve's monetary policy decisions. A deeper analysis of this economic indicator empowers AUDUSD traders to navigate the market with precision, anticipating potential shifts in USD strength or weakness. Amidst the technical considerations of AUDUSD's support and resistance levels, a comprehensive understanding of fundamental drivers, such as the US Core PCE, is essential for informed decision-making. By integrating technical analysis with a deep understanding of fundamental trends, traders can capitalize on opportunities while mitigating risks effectively. Trade safe, Joe.
Long
by JoeChampion
Examining Inflation Trends for AUDUSD Hey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66800 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66800 support and resistance area. Let's delve into the fundamental landscape, specifically examining the recent Consumer Price Index (CPI) data. The CPI figures released on December 12, 2023, showed a 3.1% change, matching the previous month's figure and slightly below the forecasted 3.2%. This indicates a relatively stable inflationary environment in the Australian economy. Comparing this with the preceding months' CPI data, we observe a consistent trend. The October 2023 data showed a 3.7% inflation rate, slightly higher than September's 3.6% and in line with expectations. However, in August 2023, there was a slight decrease, with inflation recorded at 3.2%, compared to the previous month's 3.3%. The most recent CPI data at 3.4% suggests a mild deceleration in inflation, aligning closely with market expectations. This information provides valuable insights for traders considering a selling opportunity in AUDUSD, as stable or slightly decreasing inflation may influence market sentiment and potential currency movements. Trade safe. Joe
Short
by JoeChampion
1
AUDUSD Potential UpsidesGreetings Traders, In tomorrow's trading session, our attention is directed towards AUDUSD as we actively monitor a potential buying opportunity around the 0.68200 zone. Operating within an uptrend, AUDUSD exhibits a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, gradually converging towards the trend at the critical 0.68200 support and resistance area. This numerical level holds significance as both a historical support point and a pivotal juncture where the correction may intersect with substantial market forces. Our strategic approach for tomorrow involves a meticulous assessment of optimal entry points within the identified 0.68200 zone, aligning our trading decisions with the ongoing uptrend and the potential market dynamics at the crucial support and resistance area. As always, it's crucial to trade with caution and adhere to risk management strategies. Trade safe, Joe.
Long
by JoeChampion
1