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Audusdforecast

AUDUSD, to where after the channel ?Now we see that the AUDUSD moving in a channel, respecting it's borders, but we still do not know yet the real direction will be after this correction movement reaching the 23.6 % Fibo retracement. If we need to continue with the elliott wave count, the correction wave (A) diagonal should break above wave (4), that condition did not happened yet, but we are waiting any break move to can draw the next lines finding the next movement direction. according to the last CFTC date , the COT both long and short positions was decreased showing a less volatility, and that we are see now on the chart. in the next move, in case that the market moving in an up trend, we could see the pair AUDUSD reaching the levels of (0.685). while on the other side, we could reach (0.635). be ready for the next move that will identify the next market direction in the medium term.
by JR-HUB
AUDUSD - Bearish price action ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish continuation as price rejected from bearish order block. My target is sell stop liquidity and the imbalance lower. Fundamental analysis: Tomorrow we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
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 0.7127 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6642 LEVEL if the 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
AUD could retest the March lows if the Fed are not that dovishAUD/USD is hinting at a potential swing high on the daily chart. And if my hunch that the Fed won’t be as dovish as market pricing currently suggest, it leaves room for USD strength and a lower Aussie. AUD/USD seems to have completed a 3-wave retracement which perfectly respected a 38.2% Fibonacci ratio. Our bias remains bearish beneath the cycle highs, and we anticipate a move back to the March lows should the Fed stick to their hawkish guns, given the RBA delivered a dovish hike and dovish minutes this month.
Short
by CityIndex
4
AUDUSD BuyThe Australian dollar is slightly stronger this morning when valued against the Greenback. The Australian dollar jumped to an overnight high of 0.6758, after the Federal Reserve decision. It is testing the critical resistance zone around 0.6760, amid the broad-based Dollar’s weakness. Yesterday, investors looked past the Reserve Bank of Australia’s (RBA) hint of a rate pause as the prevalent selling bias around the US Dollar (USD) turns out to be a key factor that assists the AUD/USD pair to regain positive traction. It is worth recalling that the minutes of the RBA meeting held on March 7 revealed a step down in hawkishness as policymakers only considered a 25 bps hike and agreed to revisit the case for a pause at the April meeting amid the uncertain economic outlook. Looking ahead today and we will see the release of the Conference Board Leading Index a combination of 7 economic indicators related to money supply, building approvals, profits, exports, inventories, and interest rate spreads. Finally, on Friday we will see the release of the Purchasing Managers’ Index (PMI), a survey of about 400 purchasing managers, which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. AUDUSD h1 price is sideways in the 0.6670-0.6730 zone. Today it is possible that the pair will move up to the 0.6730 resistance area once again. Recommended buy to current price 0.6692, SL: 0.6660, TP: 0.6730
Long
by VTmarkets
AUDUSD Trading Plan - 20/Mar/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 BuyAUD/USD remains mildly bid above 0.6700, around 0.6715 by the press time, as upbeat comments from the Reserve Bank of Australia (RBA) Official joins the market’s cautious optimism over the UBS-Credit Suisse deal during early Monday. However, fears of more banking sector rout and anxiety ahead of this week’s top-tier data/events probe the Aussie pair buyers of late. Christopher Kent, Assistant Governor (Financial Markets), gave a speech on "Long and Variable Monetary Policy Lags" at the KangaNews Debt Capital Market Summit, in Sydney, early Monday morning in Asia-Pacific. The policymaker initially followed the suit of global central bankers while trying to rule out fears of the US and European banking sector fallout. More importantly, RBA’s Kent said that RBA is very conscious of the challenges facing borrowers from rapid rate rises. AUDUSD main trend is still bullish. Currently on the h1 chart the price is consolidating and waiting for a breakout. Recommended to wait to buy around 0.6690, SL: 0.6660, TP: 0.6760
Long
by VTmarkets
1
AUDUSD 4h long entryHello guys, Today we are going to take a long entry in OANDA:AUDUSD currency pair. Right now, the price is coming down to take the support of 4h time frame . If you look at this currency pair of the 4-hour chart you can clearly see the price is going upward by taking the support its 4hr trendline. So, from here, there is a chance for this currency pair to go up. Once it has given a breakout from the resistance line there will be a big move ahead. Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Long
by AlphaTradingStation
AUDUSD BuyThe Australian dollar trended upward through trade on Thursday as market sentiment improved following reports Credit Suisse will access as much as 50 billion Swiss Franc as a liquidity backstop. Having slipped below US$0.66 on Wednesday the AUD climbed steadily pushing back through US$0.6650 to mark intraday highs at US$0.6665. Better than anticipated domestic employment data helped underpin the AUD and AU rates as the market sought to price future rate adjustments. The events of the last week have dramatically changed the monetary policy landscape with analyst now expecting just one more rate hike before entertaining the possibility of rate cuts. With financial markets still absorbing this last shock price action will continue to be driven by offshore volatility. A sustained improvement in sentiment could help lift the AUD back through 0.67, although we anticipate markets will sideline major bets until after next weeks Fed Policy meeting. With US rate expectations tempered markets will be keenly attuned to the Fed’s response to this latest banking crisis. AUDUSD h1 price is accumulating for a short period of time waiting to be discovered. Today, it is possible that the pair will go to the 0.6700 resistance area. Recommended to buy at current short price 0.6663, SL: 0.6630, TP: 0.6700
Long
by VTmarkets
1
AUDUSD Trading Plan - 15/Mar/2023Hello Traders, Hope you all are doing good!! I expect AUDUSD to go Up after finishing the correction. Look for your BUY 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.
Long
by For3xScalper
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 0.7127 level. 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