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AUD/USD Reaches Key Supply Area, possible ReversalThe AUD/USD pair has reached our identified supply area, coinciding with the start of the London session. A rejection candle has formed, signaling a potential reversal, with the spike briefly hitting 0.6872 before pulling back. This price action suggests that sellers are stepping in at this level, creating a possible reversal opportunity. Traders are now watching closely for further confirmation of a bearish move. Today, the US CB Consumer Confidence report is set to be released, and this key economic indicator could provide additional momentum for the US Dollar. A stronger-than-expected reading may further bolster the USD, potentially driving the AUD/USD lower and continuing its downward trajectory. With the market's focus on the upcoming US data, we remain poised for a potential short setup in anticipation of a reversal in the AUD/USD pair. Traders should keep a close eye on both the technical patterns and the economic news to confirm entry points. ✅ Please share your thoughts about AUD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
7
Aussie dollar strengthens as RBA moves opposite with Fed The RBA is less likely to cut rates as Australia's labor market remains tight. Australia's Aug Unemployment Rate held steady at 4.2%, while labor participation surged to a record high of 67.1%. Australian Treasurer Jim Chalmers emphasized that the increasing number of jobs and opportunities for Australians is a very encouraging development. The RBA also clarified that inflation could continue to decrease if the Unemployment Rate increases further. As the RBA continues to uphold its hawkish stance while the Fed declares a 0.50% rate cut, the Aussie dollar may persist in its upward trajectory. AUDUSD extended its uptrend, breaching the psychological resistance at 0.6800. The price rose above both EMAs, while EMA21 widened the gap with EMA78, sending a bullish signal. If AUDUSD sustains its uptrend while holding above EMA21, the price could gain upward momentum toward the 0.6870 high. Conversely, if AUDUSD fails to hold above EMA21 and breaks the support at 0.6730, the price may fall further to the 0.6640 level.
by inkicho_exness
Aussie dollar strengthens as RBA moves opposite with Fed The RBA is less likely to cut rates as Australia's labor market remains tight. Australia's Aug Unemployment Rate held steady at 4.2%, while labor participation surged to a record high of 67.1%. Australian Treasurer Jim Chalmers emphasized that the increasing number of jobs and opportunities for Australians is a very encouraging development. The RBA also clarified that inflation could continue to decrease if the Unemployment Rate increases further. As the RBA continues to uphold its hawkish stance while the Fed declares a 0.50% rate cut, the Aussie dollar may persist in its upward trajectory. AUDUSD extended its uptrend, breaching the psychological resistance at 0.6800. The price rose above both EMAs, while EMA21 widened the gap with EMA78, sending a bullish signal. If AUDUSD sustains its uptrend while holding above EMA21, the price could gain upward momentum toward the 0.6870 high. Conversely, if AUDUSD fails to hold above EMA21 and breaks the support at 0.6730, the price may fall further to the 0.6640 level.
by inkicho_exness
AUD/USD 1H Short Setup📉 Entering a short trade on AUD/USD as price breaks below the ascending trendline. I'm watching for a possible rejection at the current highs to confirm downward momentum. 🔻 Entry: 0.67922 (waiting for confirmation after trendline break) 🎯 Take Profit 1: 0.67446 (+47 pips) + Move SL to BE 🎯 Take Profit 2: 0.66924 (+99 pips) 🎯 Final Target: 0.66222 (+170 pips) 📈 Stop Loss: 0.68538 (-62 pips) This setup is based on the potential rejection at the top, with the trendline break acting as a signal for short-term bearish continuation. I'm managing risk with a SL at 0.68400, and once TP1 hits, moving SL to breakeven.
Short
by PipShiesty
AUD/USD: Watch for a Reversal with RBA Decision AUD/USD continues to hit new yearly highs as risk sentiment improves following the FOMC’s 50-basis-point rate cut last week and today’s Reserve Bank of Australia (RBA) meeting, where no rate change is expected. However, a dovish tilt from the RBA meeting notes could shift the pair’s momentum, with the 200-Day Moving Average acting as a key level to watch. Also, keep an eye on the RSI, which is nearing the overbought zone at 70 on the daily chart. Beyond the RBA decision later today, Australian inflation data is set for release tomorrow, with headline inflation expected to drop sharply from 3.5% to 3.1%.
by BlackBull_Markets
AUD/USD rises to eight-month high, RBA nextThe Australian dollar has started the week with gains. AUD/USD touched a high of 0.6850, its highest level this year. In the North American session, the Australian dollar is trading at 0.6842, up 0.51% on the day. The Reserve Bank of Australia is expected to maintain the cash rate at 4.35% at Tuesday’s meeting. The RBA has held rates since November, making it an outlier among the major central banks, most of which have lowered interest rates. Underlying inflation is at 3.9%, much higher than the target of between 2% and 3%. Australia releases August CPI on Wednesday, with headline CPI expected to fall to 2.8%, compared to 3.5% in July. The RBA was more cautious than other central banks during the rate-tightening cycle and its cash rate peaked one percent below the Federal Reserve. The flip side is that the RBA has been less aggressive as far as cutting rates and Governor Bullock has said that there are no plans to cut before February 2025. The RBA’s rate hikes have chilled economic growth as consumption has fallen sharply and GDP grew by only 1% in the second quarter. Still, the labor market has remained robust and unemployment is at 4.2%, as large-scale immigration has boosted the economy and helped avoid a recession. In the US, today’s PMIs had no impact on AUD/USD. The manufacturing PMI slipped to 47.0 in September, down from 47.9 in August and well off the market estimate of 48.5. This was the lowest level in thirteen months as new orders fell sharply. The services sector is in better shape as the PMI ticked lower to 54.4, compared to 54.6 in August and slightly above the market estimate of 54.3. 0.6865 has held in resistance since December 2023. Above, there is resistance at 0.6923 0.6781 and 0.6723 are the next support levels
by OANDA
1
Levels discussed on Livestream 23rd September DXY: Currently at 101, could retest bearish trendline and reject to trade down to 100.60. If trendline broken, needs to break above 101.40 for further upside to 101.80 NZDUSD: Sell 0.6195 SL 20 TP 40 AUDUSD: Sell 0.6775 SL 20 TP 65 GBPUSD: Sell 1.3245 SL 30 TP 70 EURUSD: Buy 1.1090 SL 25 TP 90 USDJPY: Sell 143 SL 35 TP 95 USDCHF: Sell 0.8540 SL 30 TP 105 USDCAD: Do Nothing Gold: Currently retracing, look for possible reaction at 2600, esp for a rebound.
TVC:DXY
by JinDao_Tai
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
WEEKLY FOREX FORECAST SEPT 23-27 USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for SEPT 23-27th. In this video, we will cover: USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6J1!
by RT_Money
Could the Aussie drop from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could drop from this level to our take profit. Entry: 0.6824 Why we like it: There is a pullback resistance level that lines up with the 138.2% Fibonacci extension. Stop loss: 0.6898 Why we like it: There is a resistance level at the 138.2% Fibonacci extension. Take profit: 0.6749 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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
RBA Decision: Can Bulls Break 0.6900? RBA Decision: Can Bulls Break 0.6900? The U.S. Federal Reserve's decision to slash interest rates by half a percentage point this week has intensified scrutiny on the Reserve Bank of Australia (RBA), which will hold its policy meeting next week. Making a RBA’s interest rate cut less likely in the short term: Australia's labor market delivered stronger-than-expected job growth in August. Maybe this is why the AUDUSD has printed a nine-month high earlier today, creating the fourth consecutive green candle. However, underlying weaknesses are emerging, as the gains were driven by part-time employment, with full-time jobs declining. Should this momentum continue, AUD/USD could potentially test 0.6900 resistance, a high last seen in late 2023.
by BlackBull_Markets
1
AUD/USD climbs on Aussie job data, Fed rate cutThe Australian dollar has posted sharp gains on Thursday. AUD/USD rose as much as 1% before paring most of those gains. In the North American session, the Australian dollar is trading at 0.6792, up 0.41% on the day. Australia created 47.5 thousand jobs in August, close to the revised 48.9 thousand in July and crushing the market estimate of 25 thousand. The gains were all part-time positions as full-time jobs actually declined by 3.1 thousand. Still, investors gave a thumbs-up and the Australian dollar is up sharply today. The unemployment rate remained steady at 4.2%, in line with market expectations. The Reserve Bank of Australia remains an outlier among the major central banks as it is yet to lower rates. The RBA has maintained rates at 4.35% since November but its “higher for longer” stance has not brought down inflation as much as expected. Inflation has dropped to 3.5% but that is still higher than the inflation target range of between 2 and 3 percent. The RBA meets next Wednesday, a day before the August inflation report and is expected to maintain rates. In one of the most anticipated rate meetings in recent memory, the Federal Reserve surprised the markets with an oversize cut of 50 basis points. The markets were unsure right up to decision time whether the Fed would go with a modest 25 bps cut or the large 50 bps cut. In the end, the Fed opted for the deeper cut in a near-unanimous decision (11 of 12 members voted in favor). The message from the Fed was that it is confident that inflation will remain sustainably near the 2% target and that the weak labor market was in need of strong relief. In his press conference, Fed Chair Powell tried to assure the markets that the US economy was in good shape and that today’s move was not a signal that further 50 bps cuts were on the way. AUD/USD is testing resistance at 0.6798. Above, there is resistance at 0.6862 0.6751 and 0.6687 are the next support levels
by OANDA
Post FOMC analysis19th September DXY: Currently at 100.60, could bounce to retest bearish trendline. If 100.60 broken, could test 100 round number. NZDUSD: Could trade higher, look for reaction at 0.63 resistance, Buy 0.6255 SL 20 TP 40 AUDUSD: Buy 0.6780 SL 30 TP 70 GBPUSD: Sell 1.3250 SL 30 TP 90 (BoE Rates Decision pending) EURUSD: Sell 1.1130 SL 25 TP 50 USDJPY: Sell 142 SL 45 TP 90 USDCHF: Sell 0.8430 SL 20 TP 40 USDCAD: Sell 1.3560 SL 30 TP 40 Gold: Currently at 2585 could trade higher to 2600 and even form new ATH
TVC:DXY
by JinDao_Tai