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Trading Opportunities in AUD/USD This WeekOn Monday, the US dollar increased to nearly a two-week high against a range of currencies as the Federal Reserve is expected to raise interest rates by 25 basis points later this week. The dollar also gained on Friday due to elevated core inflation in March. This week, investors will be focused on whether the Federal Reserve plans to halt interest rate increases after May or if another increase is possible later this year. Job data is also in play, with the JOLTS Job report expected to show a 200,000 drop in open jobs to 9.7 million, and the Non-Farm Payrolls report on Friday likely to show that 180,000 jobs were added in April. Traders might consider the AUD/USD trade this week as the Reserve Bank of Australia is anticipated to announce its latest interest rate decision today. While falling inflation figures in the March quarter might provide room for the RBA to pause on further rate hikes, the RBA remains cautious of high inflation and concerns about wage and population growth. Most economists and financial markets are predicting that the official cash rate will remain at 3.6%, but the decision could be a close call. The Commonwealth Bank forecasts a 25-basis-point increase, while NAB, Westpac, and ANZ all predict a hold. The Commonwealth Bank’s forecast coming true is what traders might like to look for in regard to trading opportunities. Minutes from the RBA's April board meeting indicate that the influx of 700,000 new arrivals could put considerable pressure on Australia's existing capital stock, particularly housing, resulting in higher consumer prices. While higher immigration could ease wage pressures in industries experiencing significant labour shortages.
by BlackBull_Markets
AUD/USD - Bullish Divergence - Bullish Trend ReversalOverview FX:AUDUSD was in a bearish trend, however, bullish divergence was formed on RSI and price is currently forming a higher high for the first time! Analysis & Plan This trade is risky because price is just forming the first higher high at our entry point. However, we are expecting price to replicate the same bullish reversal after forming bullish divergence (marked on chart) earlier. Currently price is bouncing from a previous support zone as well. Longing break of lower high and expecting price to start a bullish trend!
Long
by Tempo_Trades
AUDUSD Trading Plan - 30/Apr/2023Hello Traders, Hope you all are doing good!! I expect AUDUSD to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
AUDUSD Technical Analysis and Trade IdeaThis video offers a comprehensive analysis of the AUDUSD, concentrating on its recent trading patterns. It's worth noting that a significant resistance level had been reached with a bearish break of structure evident on the chart. Bigger players may look to attack buy-side liquidity resting above in the form of stop losses. The video delves into various topics such as trend analysis, price action, market structure, and price gaps. Furthermore, it briefly mentions a potential trade opportunity.
Short
by fxtraderanthony
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the level of 0.6884. After that, if MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6500 LEVEL if MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
by benny_marshall
AUDUSD: Affection!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️ My prediction is that the Australian Dollar will be influenced by the state of global growth and China's economy, without leaving out any crucial information. I anticipate that as China's economy reopens and experiences more robust growth, the Australian Dollar will strengthen as well. Stronger growth in China as its economy continues to fully reopen to support Aussie
Long
by Sphyn-Trader
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