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Aud-usd

AUDUSD to find buyers at previous resistance?AUDUSD - 24h expiry The medium term bias remains bullish. The sequence for trading is higher highs and lows. Setbacks should be limited to yesterday's low. Bespoke support is located at 0.6575. Preferred trade is to buy on dips. We look to Buy at 0.6575 (stop at 0.6549) Our profit targets will be 0.6640 and 0.6650 Resistance: 0.6635 / 0.6665 / 0.6700 Support: 0.6575 / 0.6545 / 0.6515 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
Buy AUD/USD Bullish PennantThe AUD/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a well-defined bullish pennant pattern. This breakout suggests a continuation of the prior uptrend and a higher likelihood of further gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the pennant, ideally around 0.6630 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following points, based on the pennant and recent price movement: 0.6694: This target is obtained by measuring the height of the flagpole (initial uptrend before the pennant) and adding that distance to the breakout price. 0.6734: This is a further extension of the upside target, based on roughly twice the height of the flagpole. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the pennant, ideally around 0.6600. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
3
Could AUD/USD reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.65493 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Stop loss: 0.65866 Why we like it: There is a pullback resistance level Take profit: 0.64829 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Fed rules out rate hike. Will the RBA now do the same? Fed rules out rate hike. Will the RBA now do the same? The US Federal Reserve maintained its policy rate within the 5.25%-5.50% range as anticipated. Notably, Fed Chair Powell, in the press conference, expressed that while the central bank remains vigilant about inflation risks, a hike is "unlikely" for the next move. Will the Reserve Bank of Australia (RBA) echo a similar stance when it announces its interest rate decision next week? Although there were hopeful indications that inflation in Australia was trending in the right direction, these were dashed recently by a stronger-than-expected reading for the March quarter. With hopes for a rate cut dashed, speculation now centers around the possibility of another increase before 2024 concludes. Bloomberg reports a shift in expectations from rate cuts to a potential rise by year-end. Market sentiment has transitioned from a 70% likelihood of an interest rate cut in August to a 50% probability of a 0.25% rate hike, which is a huge shift in sentiment. If indeed an interest rate hike materializes, it would place Australia in stark contrast to other central banks. Presently, the RBA's cash rate stands at 4.35%. None of the major four banks anticipate the RBA's next move to be an increase, with all still projecting a rate cut by Christmas. However, these forecasts remain subject to change in the lead-up to the RBA's decision.
by BlackBull_Markets
Could AUD/USD bounce from here?Price is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 0.64558 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.64005 Why we like it: There is a pullback support level Take profit: 0.65525 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Leveraging Safe-Haven Criteria for USD in AUDUSD Traders, As we prepare for tomorrow's trading session, our focus turns to AUDUSD, where we're closely monitoring a potential selling opportunity around the 0.64500 zone. AUDUSD recently broke out of its uptrend and is currently undergoing a correction phase, with the retrace area at 0.64500 serving as a critical support and resistance level. Adding depth to our analysis, it's essential to consider the fundamental landscape. Heightened geopolitical tensions and uncertainties in the global markets have prompted investors to seek refuge in safe-haven assets, particularly the US dollar. Given its safe-haven status, coupled with escalating tensions worldwide, we're inclined to favor USD. Consequently, we're looking to sell AUD, leveraging its inverse relationship with USD, to capitalize on the potential downturn in the Australian dollar. With AUDUSD approaching the 0.64500 zone and the USD's safe-haven appeal amidst geopolitical uncertainties, the convergence of these factors presents an opportune moment for a potential selling opportunity in the pair. Trade wisely, Joe
Short
by JoeChampion
3
Australia's Inflation Data Revealed Soon Australia's Inflation Data Revealed Soon Next week, Australia will unveil its latest inflation figures. Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance and seize trading opportunities. Projections suggest a notable dip in Australia's headline inflation to 3.4%, down from the previous 4.1%, a steep decline that could fail to materialize. other advanced economies are poised to outperform Australia in price reduction efforts, with a median inflation rate expected to reach 2% by 2025. “Somewhat worryingly, progress toward inflation targets has somewhat stalled since the beginning of the year”, said Pierre-Olivier Gourinchas, the IMF’s chief economist. Traders currently anticipate a 60% likelihood of a rate cut by the RBA in December. However, if the actual inflation figure falls short of the forecasted 3.4%, this expectation may diminish, potentially bolstering the AUD. Yesterday's marginal uptick in the unemployment rate to 3.8% last month suggests that February's unexpected drop to 3.7% was not an anomaly. This development may only make it more difficult for the Reserve Bank to consider initiating rate cuts in the near future.
by BlackBull_Markets
AUDUSD to continue in the upward move?AUDUSD - 24h expiry Price action looks to be forming a bottom. The sequence for trading is higher highs and lows. The 50% Fibonacci retracement is located at 0.6600 from 0.6560 to 0.6645. Setbacks should be limited to yesterday's low. Dip buying offers good risk/reward. We look to Buy at 0.6600 (stop at 0.6575) Our profit targets will be 0.6665 and 0.6680 Resistance: 0.6650 / 0.6675 / 0.6700 Support: 0.6600 / 0.6575 / 0.6550 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
AUD/USD 0.66400 zone rejecting or not?(4/5/2024)In our last analysis, we had anticipated the AUD/USD would drop but after the ISM PMI result, the market turned the table and told us that the price has more corrections to do. in this case, we expect an ABCDE diagonal triangle pattern to be completed by price. 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.)
by fortunamarkets
AUDUSD Bearish stocks and Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65300 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65300 support and resistance area. We would also like to consider the current bearish bias on stocks that AUDUSD is having a positive correlation with, so bearish stocks may trigger further AUDUSD downsides. Trade safe, Joe.
Short
by JoeChampion
1
AUDUSD: Wait to buy this dip.AUDUSD is marginally bearish on its 1D technical outlook (RSI = 40.176, MACD = -0.001, ADX = 34.265) as it entered a Channel Down similar to those of August - October 2023 and April - May 2023. That is why we are expecting a bullish reveral the closer we get to the 1.236 Fibonacci extension. As long as the 1D RSI doesn't break into the oversold zone (<30.000), we will buy that dip and target the LH trendline (TP = 0.6700). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
AUDUSD to find sellers at market price?AUDUSD - Intraday The primary trend remains bearish. The sequence for trading is lower lows and highs. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Rallies should be capped by yesterday's high. Bespoke resistance is located at 0.6520. We look to Sell at 0.6527 (stop at 0.6547) Our profit targets will be 0.6477 and 0.6467 Resistance: 0.6520 / 0.6535 / 0.6560 Support: 0.6490 / 0.6465 / 0.6440 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 Outlook (ICT)Here is my outlook on AUDUSD. Price recently got rejected at a Monthly Bisi which is also a Weekly Orderblock, and started to shape some up movement. My bias for this to continue is that buyside trendline liquidity residing above, coupled with the significance of a higher timeframe Discount Array. On the lower timeframes there is more buyside liquidity engineered on the way up, along with some whipsawing price action which signifies to me a shakeout before displacing to the upside. This is just a prediction. Price can very well make another low first to around the 0.6425 level first, and if it does that and displaces one more time back to the upside, I will feel very confident in that narrative. - R2F
Long
by Road_2_Funded
AUD/USD aimed for 0.635 (3/26/2024)Hello Traders AUD/USD moving down in 5 Elliot wave impulse waves. After the first 5 wave impulse, AUD/USD made an ABC correction. Afterward, we faced a big drop in AUD/USD indicating that the price desires lower levels and has started another 5-wave impulse. So we believe every correction is a sell opportunity for this pair. 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 fortunamarkets