AUD/USD Bears Eye Key Support After Rejection at Resistance ZoneIn the 1-hour chart for AUD/USD, the price action shows a rejection at a well-defined resistance zone around 0.6590. This area has acted as a strong barrier, preventing further upward movement. The price has broken below a minor support level, confirming the bearish sentiment.
A potential bearish continuation towards the next significant support level is around 0.6540. If the price respects this level, it could lead to a consolidation phase or a possible bounce. However, if the bearish momentum persists, a break below 0.6540 could accelerate the downward move, with targets around 0.6517 and beyond.
The overall bias remains bearish unless the price can reclaim the resistance zone with a strong breakout.
AUDUSD
AUD/USD Long to .6625~ about 30-50 pipsAud/Usd has flipped bullish after a steep stop loss hunt on Sunday/Monday for any buyers that were in the market last week, since then it's been consistenly rising... I see a continuation of the uptrend to about .6625 resistance zone where it will most likely retrace a bit and retest .6600 zone before continuing to rise next week. For now I'm looking at longs only, buying opportunities around .6550 to .6570 with a take profit at .6620-.6625. This is not trading advice, please do your own research before entering any trades. If you have any questions or anything, please share your input, all feedback is welcome. REMEMBER: All bulls make money, all bears make money, but greedy pigs get slaughtered... don't be a greedy pig
I'm new to posting ideas, can someone tell me how to add a picture or attachment; I took a snippet of my AUD/USD chart with all my support/resistance zones but I don't see an option anywhere to upload it onto this post?
Aussie jumps as RBA says rates could riseThe Australian dollar has had a busy week and is showing strong gains on Thursday. In the European session, AUD/USD is trading at 0.6550, up 0.50% at the time of writing.
Two days after the Reserve Bank of Australia held the cash rate, Governor Bullock reinforced her hawkish stance on monetary policy. At the meeting, Bullock dropped a bombshell, saying she didn’t expect a rate cut for at least the next six months.
Bullock said earlier today that the central bank wouldn’t hesitate to raise rates if needed, arguing that “the alternative of persistently high inflation is worse”. The RBA discussed the possibility of a rate hike at recent meetings and today Bullock said the RBA board had “explicitly considered” a rate hike at Tuesday’s meeting. The Australian dollar has responded with strong gains to Bullock’s hawkish remarks.
At the Tuesday meeting, the central bank opted to maintain rates at the 12-year high of 4.35% for a seventh straight time. At a time when other major central banks have lowered rates and the mighty Federal Reserve is poised to make an initial cut in September, the RBA could well move in the opposite direction.
The blame can be squarely put on inflation, which remains sticky, especially services prices. The RBA is projecting that CPI, which rose to 3.9% in the second quarter, won’t recede to 2-3% target until late 2025. The labor market continues to remain tight to the large-scale immigration, which will also make it difficult for the RBA to reduce rates.
The financial markets are not marching to Bullock’s hawkish tune and widely expect a rate cut in December. The RBA has a poor track record with its forward guidance, particularly when it pledged in 2020 not to raise rates until 2023 and then hiked in May 2022. As well, the trend among central banks has been to lower rates and the RBA risks becoming an outlier if its raises rates.
AUD/USD pushed above resistance at 0.6520 and tested resistance at 0.6559 earlier
0.6471 and 0.6432 are the next support levels
Aussie H4 | Pullback resistance at 50% Fibonacci retracementThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6578 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.6642 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level.
Take profit is at 0.6476 which is a pullback support that sots above the 50.0% Fibonacci retracement level.
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AUDUSD Will Go Down! Short!
Take a look at our analysis for AUDUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.656.
The above observations make me that the market will inevitably achieve 0.651 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.647 area.
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AUDUSD: Bearish Move From Resistance 🇦🇺🇺🇸
AUDUSD nicely respected a key daily horizontal resistance.
After its test, the price dropped and violated a support line
of a rising wedge pattern on an hourly time frame.
I expect a retracement at least to 0.8518 level.
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AUD/USD rising gently towards resistance – buyer beware?Hawkish comments from RBA’s governor have provided a tailwind for AUD/USD today, after she said that the central bank would not hesitate to hike rates if needed. This is all very well, but with the Fed in easing mode and the RBNZ potentially cutting next week, the probability of an RBA hike seems low. But her words have allowed the Aussie to have another crack at Wednesday’s high, but so far it has the hallmark of a ‘last hurrah’.
A 50% retracement level between the July high and August low provided resistance for yesterday’s bearish pinbar. And even if prices break above this high, the 200-day MA hovers overhead at the 66c handle. And given the 2-day RSI looks set to close in the overbought zone (although yet to be confirmed), we like the looks of fades within the 0.6570 – 0.6660 area for a swing trade short.
Bearish on AUDUSDThe explanation is inside the chart.
The price broke a strong daily support level that now turned into resistance.
It's expected to revisit this resistance area again (around 20 pips far) before continuing to go down again.
Depends on your risk appetite, you can decide on the Stop Loss level.
DO NOT PLACE A PENDING ORDER, but rather wait for the price to move up and then down to take a market sell.
AUDUSD I Next best place to short Welcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDUSD H4 | Fall from a pullback resistance?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6576, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6464, an overlap support level.
The stop loss will be at 0.6642, 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. 68% 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. 73% 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.
Rising towards 50% Fibonacci resistance?AUD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6567
Why we like it:
There is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 0.6620
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.6476
Why we like it:
There is a pullback support 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.
AUD/USD looks poised to recoverOvernight, the Reserve Bank of Australia acknowledged potential risks to the downside but overall, the policy statement suggests a greater concern with the possibility of inflation remaining elevated than with any shortfalls in economic activity. Cash rate futures currently indicate a roughly 90% probability of a 25-basis point rate cut by the meeting on December 10. That is way less than what the markets are pricing in for the US Federal Reserve, which raises the question why the AUD/USD is not rising? Well, I think it is a matter of time and is contingent on risk appetite improving after what has been a bruising week. But that hammer candle from yesterday and today’s mildly bullish PA suggests that a rebound could be on the cards as we head deeper into the week.
By Fawad Razaqzada, market analysts at FOREX.com
AUD/USD remains under pressure as RBA holds ratesThe Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing.
The Reserve Bank of Australia held the cash rate at 4.35% for a seventh straight time today. The markets had fully priced in this move and the Australian dollar’s reaction has been muted.
At her press conference, RBA Governor Bullock said that policymakers had discussed the possibility of raising rates at today’s meeting. This has become a pattern for the RBA, which considered hiking rates in previous meetings but opted to hold rates each time. Bullock dropped a bombshell when she said that the central bank was unlikely to lower interest rates for at least six months due to inflation being too high.
Bullock said that the markets were “a little bit ahead of themselves” in pricing rate cuts, but the markets still expect the Bank to start lowering rates before the end of the year. The RBA is currently forecasting that inflation, which rose to 3.8% in Q2, will not drop to the midpoint of the 1-3% target band until mid-2026.
The RBA Governor noted the sudden meltdown in global stock markets, but said this development had not factored in to today’s rate decision. The rout stocks was a reaction to a soft US employment report on Friday, which has raised fears of a US recession.
The Australian dollar wobbled on Monday, falling as much as 2.4% before recovering most of these losses. The S&P ASX 200 index, the country’s benchmark stock index, declined by 3.7% on Monday but has stabilized today.
There is resistance at 0.6562 and 0.6627
0.6455 and 0.6390 are the next support levels
AUDUSD trading scalpingAustralian Dollar declines due to increased risk aversion, awaits US Services PMI
The Australian Dollar declines following the soft Purchasing Managers Index data release on Monday. Australia Composite PMI fell to 49.9 in July from 50.2 in June, with Services PMI decreasing to 50.4 from 51.8. The US Dollar lost ground as recent downbeat employment data boosted expectations of a Fed rate cut in September.
BUY AUDUSD now zone 0.64300-0.64100
↠ Stoploss 0.63900
→ Take Profit 1 0.64600
→ Take Profit 2 0.65300
Overlap resistance ahead for the Aussie?The price is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.6559
1st Support: 0.6465
1st Resistance: 0.6624
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AUDUSD Technical Analysis! BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6482
Bias - Bullish
Safe Stop Loss - 0.6433
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6564
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK