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Aud-usd

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
AUDUSD possible expansionPrice has been showing bearish orderflow until recently, where it broke our strong high with momentum. This thus invalidated the properties of a bearish flow, giving us a shift in market structure from bearish to bullish trend. Price previously left behind a demand zone that it has currently retraced to and mitigated. On lower timeframe, the same case holds as price portrayed a shift in market structure after it had tapped our 4h demand. This then gives us an opportunity jump on the possible higher timeframe expansion via this confirmation entry on lower timeftrame to take out our weak swing high
Long
by BlackTygaTrades
24
✨ AUDUSD: Curve Analysis (50m)✨TP5 @ 0.6485 TP4 @ 0.6470 TP3 @ 0.6425 TP2 @ 0.6395 TP1 @ 0.6350 BLO1 @ 0.6310 ⏳(moderate) BLO2 @ 0.6285 ⏳(conservative) ADDITIONAL INFO: 💵 You can DCA these Buy Orders 📈 Or just place the conservative position 🔑 BLO = Buy Limit Order DCA = Dollar-Cost Average PA = Price Action PB = Pull Back SLO = Sell Limit Order ⏳= PENDING NOTE: Dollar-cost averaging (DCA) is an investment strategy in which a trader splits their position size into smaller position sizes at different price points. This strategy is designed to reduce the risk of buying at the wrong time and to lower the average cost per unit of currency.
Long
by ProfessorCEWard
AUDUSD Analysis 10-11-23The AUDUSD broke through from the upward trendline and the 50% retracement level due to the strength of the DXY overnight. The RBA monetary policy statement released earlier today did little in terms of price volatility as it reinforced the view that the RBA hiked rates due to the recent increase in inflation growth. As the AUDUSD currently trades under the 61.8% fib retracement level (0.6365), and further recovery in strength in the DXY is anticipated, look for the AUDUSD to trade down to the key support area of 0.6290. However, it could be likely that the AUDUSD could first retrace briefly or consolidate along this level before trading lower.
Short
by JinDao_Tai
2
AUDUSD to complete bearish orderflow?After consecutive breaks of weak lower lows with lower highs holding strong, a bearish 4h orderflow was evident. Price has been retracing and retesting supply zones up until the latest break of structure(which was too weak). Price has invalidated our latest supply zone and could be striving to reach for a previously unmitigated extreme supply with a huge imbalance below it. This then signals a potential complex pullback where price could use the extreme supply together with internal liquidity to fuel it's bearish expansion to take out the recent weak swing low. Fundamentals also forecast potential dollar strength gain on Friday afternoon, which is a confirmation of the analysis as it'd lead to a drop in most if not all dollar pairs.
Short
by BlackTygaTrades
7
AUDUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
32