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AUDUSD

Audusd AUD/USD reacts little to better-than-expected Australian Goods Trade Balance data and remains in a range above 0.6400 early Thursday. Rising bets for an early RBA rate cut cap the Aussie's upside amid China's economic woes and US-Sino trade war fears. Eyes turn to US data, FedspeakThe AUD/USD pair dives more than 1% to near the round-level support of 0.6400 in Wednesday’s European session. The Aussie pair plummets as the Australian Dollar (AUD) has been hit hard by weaker-than-projected domestic output data for the third quarter of this yearThe Australian Bureau of Statistics reported that the Australian economy surprisingly expanded at a slower-than-expected pace of 0.8% compared to the same quarter of the previous year against the 1% growth seen in the previous quarter of this year. Economists estimated the annualized Q3 GDP growth of 1.1%. On a quarterly basis, the Australian economy expanded by 0.3%, slower than expectations of 0.4% but faster than the former reading of 0.2%
Short
by KingForex078
Aussie tumbles to 4-month low after soft GDPThe Australian dollar has taken a tumble on Wednesday. In the European session, AUD/USD is trading at 0.6416, down 1.1% on the day at the time of writing. Earlier, the Australian dollar dropped as low as 0.6407, its lowest level since August 5. Australia’s GDP report was a disappointment, falling short of expectations. GDP rose 0.3% q/q in the third quarter, following three straight quarters of 0.2% growth. This missed the market estimate of 0.5%. Annually, GDP rose 0.8%, below the  Q2 gain of 1% and shy of the market estimate of 1.1%. A key reason why GDP growth has been weak is soft household consumption. Consumers have been battered by high interest  rates and stubborn inflation, and private domestic demand was negligible in the second and third quarters. The soft GDP report was a bust with the markets and sent the Australian dollar tumbling lower. The report is unlikely to cause any changes from the Reserve Bank of Australia, which has been in a prolonged “higher for longer” stance. The RBA has managed to bring headline inflation within the target of 2%-3%, but remains concerned about underlying inflation, which rose to 3.5% in October. The RBA makes its next rate announcement on Dec. 10 and is widely expected to maintain the cash rate at 4.35%, where it has been for over a year. The markets aren’t expecting a rate cut before May 2025, although a surprise decline in inflation in the coming months could push the central bank to lower rates in Q1 2025. AUD/USD has pushed below support at 0.6447. Below, there is support at 0.6382 0.6563 and 0.6613 are the next resistance lines
by OANDA
1
AUD/USD: The Bear is Lurking – A Breakdown in the Making?Hey Forex fam! 🌍✨ Let’s talk about the Aussie Dollar (AUD) versus the Greenback (USD) – the pair that's been stuck in a battle royale of consolidation! 🧐 But here’s the scoop: the bears are sharpening their claws 🐻, and we might just be on the edge of a big breakdown! 🚨 🔍 The Setup: A Symmetrical Triangle (Bearish Edition!) 📉 Chart pattern: For the last few years, AUD/USD has been dancing between two trendlines, forming a symmetrical triangle – a classic consolidation pattern. Think of it like a coiled spring, ready to pop... but in the bearish direction! 👇 👀 Why bearish? 1️⃣ The triangle is following a long-term downtrend. The pair has been sliding since 2013, and this consolidation looks like a classic continuation pattern. 2️⃣ Momentum is fizzling out as we approach the apex of the triangle – suggesting that a downside breakout could be just around the corner. 📉 Levels to Watch: The Bear's Roadmap Support to break: 0.63 – the bottom of the triangle and a critical level to confirm the bearish breakdown. Next bearish targets: 0.60: A psychological barrier. 0.56: The low not seen since 2008 (ouch!). 💡 Why is the Bear in Control? 1️⃣ Fundamentals 📰: With the Federal Reserve still hawkish 💵 and China’s economic recovery slowing 🐢 (a key driver of AUD strength), the Aussie is under pressure. 2️⃣ Risk sentiment 😬: Investors are flocking to safe-havens like the USD in uncertain markets, leaving the AUD vulnerable. ⏳ Timing the Breakdown ⚡ Be ready for action! The pair is sitting right at the edge of the triangle. A daily close below 0.63 could trigger an avalanche of selling pressure. But remember: wait for confirmation – false breakouts can wreck your P&L! 🚨 🔥 Pro Tips for Trading the Breakdown ✅ Trade the breakout: Short AUD/USD once it closes below 0.63, and target 0.60 or lower. ✅ Set stop-losses: Place them slightly above the triangle (~0.64) to protect against fakeouts. ✅ Patience is key: Don’t rush in – let the price action confirm the direction. The Bearish Bottom Line 🐻 AUD/USD is playing a waiting game, but the technicals and fundamentals both scream downtrend continuation. If the bears break through 0.63, get ready for a dive that could take us to 2008 levels! 📉 Are you ready to ride the bear? 🐻💥 Let me know your thoughts below, and as always, trade safe! 💪✨
Short
by RoadToAMillionClub
AUDUSD Analysis - Bearish - Trade 021. Seasonality: During the first week of December, the USD exhibits bearish momentum, while the AUD shows bullish tendencies. This combination makes AUDUSD overall bullish. 2. COT Report: The AUD's COT RSI and Index are near the top, while the USD is near the bottom, indicating potential overextension. This suggests a bearish outlook for AUDUSD. 3. Fundamental Analysis: LEI The USD Leading Economic Indicator (LEI) is increasing, while the AUD LEI is decreasing. Global LEI is also rising, favoring USD strength and adding a bearish tone to AUDUSD. Endogenous Factors These suggest bearish pressure for the AUD and bullish sentiment for the USD, further supporting a bearish bias. Exogenous Factors Exogenous influences, however, indicate an increase in AUDUSD, favoring a bullish trend. 4. Technical Analysis: AUDUSD is forming an ABCD pattern and is currently at the 0.618 Fibonacci retracement level on the 1-hour chart. Additionally, there is significant resistance on the 4-hour chart, indicating potential bearish pressure from a technical standpoint. Summary The analysis presents mixed signals: seasonality and exogenous factors favor bullishness, while the COT report, LEI trends, endogenous factors, and technical resistance suggest bearish potential. Bias The combined analysis leans toward a short entry for AUDUSD. Trade Plan Entry: 0.64746 SL: 0.65130 TP: 0.64362
Short
by asadamalik
Market Analysis: AUD/USD Under Pressure, Downtrend PersistsMarket Analysis: AUD/USD Under Pressure, Downtrend Persists AUD/USD declined below the 0.6500 and 0.6455 support levels. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar started a fresh decline from well above the 0.6500 level against the US Dollar. - There is a connecting bearish trend line forming with resistance at 0.6465 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6530 zone. The Aussie Dollar started a fresh decline below the 0.6500 support against the US Dollar. The pair even settled below 0.6455 and the 50-hour simple moving average. There was a clear move below 0.6430. A low was formed at 0.6407 and the pair is now consolidating losses. On the upside, an immediate resistance is near the 0.6430 level. The 23.6% Fib retracement level of the downward move from the 0.6504 swing high to the 0.6407 low is also near 0.6430. The next major resistance is near a connecting bearish trend line at 0.6465. The trend line is near the 61.8% Fib retracement level of the downward move from the 0.6504 swing high to the 0.6407 low, above which the price could rise toward 0.6500. Any more gains might send the pair toward the 0.6530 resistance. A close above the 0.6530 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6620. On the downside, initial support is near the 0.6405 zone. The next support sits at 0.6380. If there is a downside break below 0.6380, the pair could extend its decline. The next support could be 0.6350. Any more losses might send the pair toward the 0.6320 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Could the Aussie drop from here?The price is rising towards the pivot which acts as a pullback resistance and could drop tot he 1st support which has been identified as a pullback support. Pivot: 0.6454 1st Support: 0.6407 1st Resistance: 0.6503 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Australian dollar eyes GDPThe Australian dollar is drifting on Tuesday. In the North American session, AUD/USD is trading at 0.6461, down 0.20% on the day at the time of writing. Australia’s economy is expected to improve in the third quarter, with a market estimate of 0.4% q/q. This follows a disappointing gain of 0.2% in Q2, the weakest growth in five quarters, as household spending declined. On a  yearly basis, GDP is expected to tick up to 1.1% compared to 1% in the second quarter. The Australian economy continues to groan under the weight of high interest rates, which the Reserve Bank of Australia implemented in order to tame high inflation. Now that inflation has come down, there is pressure on the RBA to respond with lower rates. The RBA has become an outlier as most major central banks are in the middle of an easing cycle while the RBA has held rates for over a year. RBA Governor Bullock has remained hawkish, reiterating that underlying inflation is too high for the RBA’s liking and that a rate hike is not off the table. Headline inflation has fallen to 2.1%, well within the RBA’s target bank of 2%-3%, but the RBA remains concerned about underlying inflation, which  accelerated in October to 3.5%, up from 3.2% a month earlier. The market isn’t buying the warning of higher rates and expects the next rate move to be a cut sometime in mid-2025. That means that consumers will have to grapple with high rates for months, barring an unexpected fall in underlying inflation. In the US, Federal Reserve Governor Christopher Waller said on Monday that he is leaning toward a cut in December but could change his mind if inflation surprised on the upside. The US releases November CPI one week prior to the rate announcement and the release will be a key factor as to whether the Fed cuts or maintains interest rates. AUD/USD Technical AUD/USD tested resistance at 0.6478 earlier. Next, there is resistance at 0.6514 0.6441 and 0.6405 are the next support levels
by OANDA
What’s Flowing: AUDUSD Short (CONTD)The AUDUSD is demonstrating a bearish breakdown, aligning with the current downward momentum. The pair has recently breached key support levels, with selling pressure increasing in the highlighted zones. Key Observations: 1. Price Action: The pair is trading below critical resistance areas, moving toward the lower bounds of the channel. 2. Bearish Momentum: Clear signs of sellers dominating, with the price rejecting upper levels and closing near session lows. Strategy: Traders looking to capitalize on this movement can monitor the following: • Short Entries: Ideal near minor pullbacks into resistance zones around 0.6480–0.6520. • Targets: Downside levels near 0.6440 and below, depending on momentum strength. • Stops: Tight stops above the 0.6520 resistance for effective risk management. Stay cautious of any reversals or macroeconomic events impacting the Australian Dollar. For more refined strategies, reach out for insights tailored to managing AUDUSD flows effectively.
Short
by moneymagnateash
What’s Flowing: AUDUSD Short (CONTD.)The AUDUSD is demonstrating a bearish breakdown, aligning with the current downward momentum. The pair has recently breached key support levels, with selling pressure increasing in the highlighted zones. Key Observations: 1. Price Action: The pair is trading below critical resistance areas, moving toward the lower bounds of the channel. 2. Bearish Momentum: Clear signs of sellers dominating, with the price rejecting upper levels and closing near session lows. Strategy: Traders looking to capitalize on this movement can monitor the following: • Short Entries: Ideal near minor pullbacks into resistance zones around 0.6480–0.6520. • Targets: Downside levels near 0.6440 and below, depending on momentum strength. • Stops: Tight stops above the 0.6520 resistance for effective risk management. Stay cautious of any reversals or macroeconomic events impacting the Australian Dollar. For more refined strategies, reach out for insights tailored to managing AUDUSD flows effectively.
Short
by moneymagnateash
AUDUSD H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6482, which is an overlap resistance and a 50% Fibonacci retracement. Our take profit will be at 0.6441, a swing low support level. The stop loss will be at 0.6521, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
3
What’s Flowing: AUDUSD ShortThe AUDUSD is demonstrating a bearish breakdown, aligning with the current downward momentum. The pair has recently breached key support levels, with selling pressure increasing in the highlighted zones. Key Observations: 1. Price Action: The pair is trading below critical resistance areas, moving toward the lower bounds of the channel. 2. Bearish Momentum: Clear signs of sellers dominating, with the price rejecting upper levels and closing near session lows. Strategy: Traders looking to capitalize on this movement can monitor the following: • Short Entries: Ideal near minor pullbacks into resistance zones around 0.6480–0.6520. • Targets: Downside levels near 0.6440 and below, depending on momentum strength. • Stops: Tight stops above the 0.6520 resistance for effective risk management. Stay cautious of any reversals or macroeconomic events impacting the Australian Dollar. For more refined strategies, reach out for insights tailored to managing AUDUSD flows effectively.
Short
by moneymagnateash
AUDUSD H1 I Bearish Drop Based on the H4 chart analysis, we can see that the price is approaching our sell entry at 0.6501, which is a pullback resistance close to a 38.2% Fibonacci retracement. Our take profit will be at 0.6485, a pullback support level. The stop loss will be at 0.6520, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
AUD/USD: Consolidation Amid Strength in Both CurrenciesAUD/USD: Consolidation Amid Strength in Both Currencies The AUD/USD pair remained relatively steady last week, consolidating as both the Australian dollar (AUD) and the US dollar (USD) stood out as some of the strongest currencies in the forex market. While both currencies are supported by robust fundamentals, differing factors drive their respective strengths, creating an interesting dynamic for the pair. Strength in the Australian Dollar The Australian dollar’s strength stems from the Reserve Bank of Australia’s (RBA) ability to maintain its current monetary policy. With interest rates at 4.35%, the RBA faces less urgency to implement sharp rate cuts, supported by: - **GDP Annual Growth Rate:** Australia’s economy is growing at 1.00% annually, showing moderate but steady expansion. - **Inflation and Employment:** Relatively high inflation and low unemployment provide the central bank room to hold rates steady, balancing growth with price stability. These factors position the AUD as one of the more stable and attractive currencies among major forex pairs. The Resilient US Dollar On the other hand, the US dollar remains strong, bolstered by robust economic data and the Federal Reserve’s stance on interest rates: - **Initial Jobless Claims (Nov. 16):** Better-than-expected at 213K, indicating a healthy labor market. - **S&P Global Services PMI Flash (Nov.):** Surprising to the upside at 57.0, reflecting strong activity in the services sector. However, additional data from the US this week showed signs of slowing economic activity, adding pressure to the dollar: - **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2. - **Dallas Fed Manufacturing Index (Nov):** Declined to -2.7, worse than the forecast of -2.4. - **New Home Sales (Oct):** Slumped to 0.61M, missing expectations of 0.73M. - **Richmond Fed Manufacturing Index (Nov):** Dropped to -14, underperforming the forecast of -10. - **Durable Goods Orders (Oct):** Increased by only 0.2%, below the forecast of 0.5%. - **Chicago PMI (Nov):** Dropped sharply to 40.2, well below the expected 44. While the US economy remains stronger overall, these data points highlight areas of cooling, which tempered the dollar’s momentum. Seasonality No Longer Supportive Unlike earlier in the quarter, seasonality now provides less support for AUD/USD. As the year-end approaches, seasonal patterns often shift toward favoring the US dollar due to increased demand for liquidity and a cautious risk environment. This shift adds another layer of resistance for the Australian dollar, which typically performs better during periods of stronger global growth sentiment. Conclusion AUD/USD is in a unique position as both currencies are supported by strong fundamentals. While the Australian dollar benefits from steady domestic conditions and inflationary pressures, the US dollar is bolstered by robust economic performance and higher interest rates. However, signs of cooling in the US economy, as reflected in recent data, have given the AUD a short-term advantage. With seasonality no longer providing support, the pair’s near-term trajectory will depend on further macroeconomic developments and risk sentiment shifts. What are your thoughts on AUD/USD? Could the Australian dollar take the lead, or will the US dollar maintain its upper hand? Share your insights in the comments!
by InvestMate
AUDUSD Long Term Selling Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity onAUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
by ForexMasters2000