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Aud-usd

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
AUDUSD Long Position Trade Aud Economy is looking positive When assessing all of the data for Australia, the economy is in a much more stable place which would have been one of the goals from the people who lead and set the countries monetary and fiscal policies. Inflation has hit its peak 4 quarters ago and has been stepping down slowly before reaching the RBA’s target of 2.5 by 2025, which with all things taken into account is a possibility. With interest rates at a high, there are rumblings of decreasing the current rate of 4.35% slowly, however, we will know much more during the first 2 data set releases of 2024 but as for now the higher interest rates are still attracting business into the internal and external business into the economy which is a plus for the Australian economy. Geopolitical tensions across the world in terms of wars have added value to the exports of Australia, however, the continuous tensions with their biggest trade partners China is definitely something that could derail the good done in supporting the Australian Economy a “The population have been spending and spending well as retail sales were up during the summer and this is something we could see repeated during the festive season as the families and business will be busy which will potentially produce a good reading in terms of retail sales in Australia. This is supported by the higher wage growth, which would mean people will have more disposable income and to spend on goods and services and even save. With Private house approvals also doing well in the economy this sounds out the economy as much more stable as private house approvals give us an early indication of whether there is a recession in progress or not. Macro indicators point towards an ease of pressure on the Australian economy almost as if Australia are at the halfway point of their recovery from the Covid 19 pandemic as they set their sights on bringing down inflation and interest rates. So far, the confidence that Australia would be one of the strongest nations coming out of the recession has been correct analysis with reducing the unemployment rate rather quickly playing a factor in that, but the work is not done. So, whilst there is optimism heading into Q2, there are also some concerns to be aware coming into the Q2. Australian exports represent over 20% of gross domestic product (GDP). Approximately 65% of Australia’s two-way trade occurs with countries in Asia” (Zhou, I. and Satherley, T. 2023), so the disruption with their business with China as the Chinese have placed higher tariffs on their goods as well as bans on Australian products make Australia less attractive which isn’t going to be helpful, especially when you also take into consideration the implication of decarbonisation in a few years. So, whilst Australia thrives in trading today, make no mistake it is a very necessary win for them as they will need to plan ahead going forward.
Long
by OfficialMMMVP
2
AUDUSD Still watching the uptrend closelyHey Traders, In today's trading session, our focus is squarely on AUDUSD, as we actively monitor a potential buying opportunity around the 0.67200 zone. Presently riding an uptrend, AUDUSD exhibits a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, gradually converging towards the trend at the pivotal 0.67200 support and resistance area. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may encounter substantial market forces. Our strategic approach for today involves a meticulous assessment of optimal entry points within the identified 0.67200 zone, aligning our trading decisions with the ongoing uptrend and the potential market dynamics at the critical support and resistance area. Navigating the correction phase with precision is key as we aim to capitalize on the identified buying opportunity within the broader context of AUDUSD's current trend. Trade safe, Joe.
Long
by JoeChampion
AUDUSD Potential Upsidesour focal point is AUDUSD, as we actively monitor a potential buying opportunity around the 0.67000 zone. Presently riding an uptrend, AUDUSD exhibits a sustained upward trajectory. Simultaneously, the currency pair is in a correction phase, gradually converging towards the trend at the critical 0.67000 support and resistance area. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces. Our strategic approach for today's session involves a meticulous assessment of optimal entry points within the identified 0.67000 zone. Aligning our trading decisions with the ongoing uptrend and the potential market dynamics at the pivotal support and resistance area is crucial. Navigating the correction phase with precision is key as we aim to capitalize on the identified buying opportunity within the broader context of AUDUSD's current trend. Trade safe, Joe.
Long
by JoeChampion
AUD/USD another upward wave next week(~100pip)Hello Traders As you can see in 4Hr TF, AUD/USD is building the wave 5. In lower TF (1Hr) the wave 5 is making its own 12345 waveforms. So in next week, we expect the price will complete wave 5 and rise about 100~120 pips. 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.)
Long
by FortunaInvestments
AUDUSD Potential UpsidesHey Traders, In the upcoming week, our attention will be focused on AUDUSD, as we explore a potential buying opportunity within the 0.66 zone. AUDUSD is currently entrenched in an uptrend, showcasing a sustained upward momentum. However, the currency pair is presently in a correction phase, gradually approaching the trend at the critical 0.66 support and resistance area. The ongoing correction in AUDUSD provides a nuanced market dynamic, offering the potential for a strategic entry point for buyers. The significance of the 0.66 support and resistance area lies in its historical importance, acting as a key level where price movements have previously demonstrated notable reactions. Traders will be closely monitoring this juncture for potential signals and cues that may influence their buying decisions in the coming week. Trade safe, Joe.
Long
by JoeChampion
2
AUDUSD: Rejection at the top of the Channel Down.AUDUSD is almost neutral on the 1D timeframe (RSI = 55.106, MACD = 0.003, ADX = 28.280) as it has started to decline again after the rejection on the 0.618 Fibonacci level near the top of the twelve month Channel Down. The 1D RSI got overbought at the top just like on the June 15th LH (also on the 0.618 Fibonacci), which was the previous most optimal short opportunity. We are going short on this pair again, targeting the S2 level (TP = 0.61725), which is near the bottom of the Channel Down as awell as the -0.236 Fibonacci extension (as was the October 3rd low). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
AUDUSD Channel Down still intact. Bullish if broken.The AUDUSD pair completed the bullish leg that we caught on our last call (October 24) and hit our 0.66000 1D MA200 (orange trend-line) target (see chart below): The price has made a initial rejection at the top (Lower Highs trend-line) of the Channel Down, so the pattern remains intact. Technically this is the start of the Bearish Leg towards Support 1 and 2 eventually near the Lower Lows trend-line. The bearish break-out signal will be given when the 1D RSI breaks below its Higher Lows. As a result until Resistance 1 (0.66900) breaks, we will target 0.62715 (Support 1) and upon a 1D candle closing below, 0.61715 (Support 2). If however Resistance 1 (hence the Lower Highs trend-line) breaks first, we will take the short's loss and instead buy, targeting first the 1W MA100 (red trend-line) at 0.67800 (+4.00% as the November 06 High) and upon a 1D candle closing above, extend to 0.68800 (+5.50% as the December 04 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
AUDUSD Bearish move to continueThe Aussie dollar has been going down against the US dollar for the past few days. This is because the US dollar is getting stronger and the Aussie dollar is getting weaker. The Reserve Bank of Australia (RBA) kept interest rates the same at their last meeting, but the market expects interest rates to be cut in the second half of 2024. The US dollar has been strong recently, even though US data has been mixed. The number of job openings was lower than expected, but the ISM Services PMI rose to 52.7 in November, which was higher than expected. US yields dropped after the data was released, but the US dollar remained strong. More employment data will be released from the US this week, including the ADP report, the weekly Jobless Claims, and the Nonfarm Payrolls (NFP) release. Overall, we are expecting a further drop from AUDUSD, and the NFP release on Friday will either push that drop or generate a pullback, and then the drop will resume the following week, we will see... Please feel free to share comments about this analysis and your point of view, thank you all, and trade with care!
Short
by financialflagship
AUD/USD BULLISH OUTLOOKThe USD, having experienced substantial blows from rate cut projections, faces a challenging scenario with the Fed signaling probable easing. Despite the narrative of falling inflation, policymakers are aiming to relay the message that inflation has yet to stabilize sustainably near the targeted 2%. The looming Fed speeches, particularly Chair Powell's impending remarks, serve as preludes to the blackout period before the December policy meeting, crucial in shaping market expectations. As the USD grapples with uncertainties, major currency pairs are capitalizing on its weakness. The AUD, alongside currencies like the GBP and NZD, has displayed resilience, buoyed by a hawkish tone from the Reserve Bank of Australia (RBA). However, doubts persist about China's economic revival, making forthcoming Australian CPI readings pivotal for short-term AUD prospects. The AUD/USD technical indicators signal a bullish trajectory, with both MACD and RSI showing buy signals. The current trend could potentially elevate the price to levels around 0.6795, although a pivot point at 0.6648 might redirect the price to around 0.6598. With the USD on a downtrend, and pivotal economic events looming, the AUD's performance against the greenback hinges heavily on data releases, central bank policies, and global economic sentiments in the days ahead. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial