Audusddaily
Short AUDUSDShort AUDUSD at 0.7275
TP: 0.70
SL: 0.7345
We have seen the dollar start on the strong side on the first trading day of 2022 however it retraced a bit on the second day (4th Jan). I have therefore decided to sell into this AUD rally as I believe the FED will start showing signals of further rate hikes in 2022 therefore strengthening the dollar against the Aussie.
Using the fundamental story as well as the technicals to enter this trade.
Good luck!
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS- There is no important news for AUD today and the Australian dollar is following the market sentiment today. Also in US dollars today at the New York Session are the DATA Flash Manufacturing PMI and Flash Service PMI.
- DXY is currently at 100.97 LEVEL. Also the AUD FEATURE stays at 0.7314 LEVEL. The AUDUSD PRICE is going down from DYNAMIC S / R LEVELS. Therefore, the PRICE can be slightly UP to DYNAMIC LEVELS.
- Currently STOCKS are getting somewhat DOWN. And VIX is getting a bit UP. Also COMMODITIES OVERALL DOWN. It's something special. Also BONDS PRICES are a bit GREEN. Also BONDS SPREADS are DOWN. There is currently no CLEAR DIRECTION in the MARKET. Maybe today's Friday because it's MARKETS CORRECTION. Currently the market has a NEUTRAL BIAS.
- Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
- The AUDUSD PRICE can drop to 0.7402 LEVEL before DOWN. Then it can be DOWN till 0.7171 LEVEL. The reason for this is that American data continues to be very, very strongly reported. But according to the MARKET SENTIMENT it can be DOWN again because of the RISK OFF SENTIMENT.
AUDUSD SHORTS 📉📉📉Expecting bearish price action on AUDUSD as price is in a bearish market strucutre from a higher time frame perspective, price rejected with a high bearish momentum 0.74500 institutional figure. USD should be strong in a medium-long term perspective meaning AU should go down.
What do you think ? Comment below..
AUDUSD - Daily Trade Idea - 20-Apr-22Updated Trade Idea for AUDUSD, the change of Trend, look for Buying Opportunity
AUDUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
AUDUSDThe Australian dollar fell during the trading week, breaking below the 0.74 level. This was preceded by a massive shooting star at the 0.75 handle, so it all ties together quite nicely. I suspect at this point in time that any short-term rally that you get is more than likely going to be an opportunity to short this market again. That being said, a breakdown below the are where we are closing more than likely will send fresh sellers into the market.