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Audusddaily

AUDUSD analysis: MACD bullish crossoverThe latest Reserve Bank of Australia (RBA) minutes, which opened the door to more interest rate hikes, may provide only marginal support to the Australian dollar when compared to the US dollar ( AUD/USD ). Stronger global economic growth, a Chinese industrial recovery, more risk appetite among investors, and widespread gains in commodity prices are required for the Australian dollar to thrive. These factors would strongly reverse the Aussie’s trajectory, pushing the AUD/USD comfortably back above 0.70. Therefore, for the time being, the RBA’s pledge serves to provide a floor, thus containing the potential downside risk of the AUD/USD pair, since the Fed is likewise convinced of rising interest rates forcefully. AUD/USD technical analysis Technically speaking, we are starting to notice positive indications from a short-term viewpoint. The momentum is rising on the daily chart, with the 14-day RSI climbing from 37 to 48. Breaking 50 would mean bulls might overtake bears in the near-term. The Moving Average Convergence Divergence (MACD) indicator produced a bullish crossover signal yesterday, as the MACD line (blue line) passed from below to above the signal line (orange). Four of the six MACD crossovers that had occurred in 2022, then provided the right signal. The 0.6875 level, which corresponds to the highs reached on July 8th, is the barrier that has to be broken in the very short term. Breaking this level might boost bulls’ convictions to target the 50-day moving average at 0.697. Idea written by Piero Cingari, forex and commodities analyst at Capital.com
by Capitalcom
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently AUDUSD is going UP very fast. The reason for that is the RBA RATE HIKE FORECAST and the weakness of the dollar yesterday. A MARKET FEAR about the economic recession is currently underway. - Thus, COMMODITIES are going up now. It also affects the AUD very strongly. - AUDUSD can move further until it reaches the 0.6763 level. And after that, if the MARKETS RISK is ON, the TREND LINE in AUDUSD has definitely been BREAKED by now. It can be BUY up to 0.7233 LEVEL if the RISK ON condition continues with USD WEAKNESS.
by benny_marshall
AUDUSD showing long singnalHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:AUDUSD We can see market is going to make a long trend after breakage of previous trend. So we are expecting more rise to make long trend. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
Long
by Theranasaramd
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently AUDUSD is going down very fast. The reason for that is the VIX UP and the strength of the dollar. A MARKET FEAR about the economic recession is currently underway. - Thus COMMODITIES are going down. It also affects AUSD very strongly. The Australian dollar was shown as the WEAK CURRENCY of CURRENCY STRENGTH. - AUDUSD can move further until it reaches 0.6670 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BREAK the TREND LINE in AUDUSD and BUY up to the 0.7212 LEVEL.
by benny_marshall
AUDUSD Idea for next month.Hi there! Despite interest rate hikes in Australia, the AUD / USD pair appears to be at the lowest levels since May 2020. This is in the 0.69-0.68 region that was tested last week. The weakness of the AUD may be related to both declines in industrial commodity prices amid concerns about inflation , and the US Federal Reserve may raise interest rates faster than the RBA. Today I would like to present to you my analysis of the AUDUSD currency pair. According to my careful analysis, we can expect a move of over 650 pips. If you would like to learn to analyze the market according to financial institutions, feel free to write to me.
Long
by xxpqxx999