AUDUSD: dropped sharply right from the resistance zoneAUDUSD: The AUD the day past fell sharply from the resistance location round 0.6680. Still preserving round the buildup zone. Therefore, in today`s session, it's miles anticipated that AUDUSD will nonetheless fall to the 0.6600 location and can get better whilst it touches this guide zone. You can remember quick promoting with AUDUSD today.
Audusdlong
AUD/USD Surges as US Inflation Cools, Setting for Bullish ContAUD/USD Surges to 0.6670 as US Inflation Cools, Setting the Stage for Bullish Continuation
The AUD/USD pair has jumped higher to 0.6670 following an expected cooling in US inflation. This move aligns with our technical analysis, which anticipated a potential rebound in the Fibonacci retracement area, triggering a new bullish impulse. We also observed a divergence on the RSI within the H4 timeframe, which is situated inside a bullish channel.
The decline in US inflation data is expected to spur expectations for early rate cuts by the Federal Reserve (Fed), creating an unfavorable scenario for the US Dollar. Consequently, the US Dollar Index (DXY) has turned negative, dropping to 105.80.
According to the CME FedWatch tool, the central bank sees the September meeting as the earliest point for pivoting to policy normalization. The tool indicates that the Fed is expected to deliver two rate cuts this year. However, contrary to market expectations, Fed officials have forecasted only one rate cut this year.
Considering all the data and analysis, we are anticipating a possible bullish continuation for the AUD/USD pair.
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AUDUSD Technical Analysis and Trade Idea - Trading A Range👉🔍 In this video, we take an in-depth look at the AUDUSD currency pair. You'll notice that it is clearly range-bound on the daily, 4-hour, and lower timeframes. We explore the possibility of a breakout on either side of the range and focus on how to capitalize on this during the London Open when a potential break of the 15-minute timeframe Asian range occurs.
Additionally, we cover essential topics such as trend analysis, market structure, price action, and other key aspects of technical analysis. Please remember, this video is for educational purposes only and does not constitute financial advice. 📊✅
AUDCADHi guys,
In this chart i Found a Demand Zone in AUDCAD CHART for short term trading entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Australian Inflation Pressures RBA for Rate Hike, Bolsters AUDAustralia's inflation concerns intensify as the May Consumer Price Index (CPI) surpassed expectations, reaching a troubling 4% year-over-year (YoY). This marks the third consecutive month of accelerating inflation, prompting anxieties about economic overheating and a potential shift in policy by the Reserve Bank of Australia (RBA).
The RBA, having previously achieved progress in curbing inflation (December 2023: 3.4% vs. December 2022 peak: 8.4%), now faces renewed challenges. The latest inflation data strengthens the argument for a rate hike, although the central bank is likely to await the June report (encompassing Q2 data) before reaching a decision in August.
Financial markets are already responsive, with the AUD appreciating against the USD in anticipation of the RBA tightening monetary policy. Short-term interest rate futures currently price in a greater than 50% chance of a rate hike by September, potentially rising to 80% following the June CPI release at the end of July.
The upcoming data release will be critical for the RBA's next move. While Assistant Governor Christopher Kent emphasized vigilance against inflation and hinted at potential policy adjustments, the June inflation report will provide a clearer picture.
Beyond Australia's borders, the global economic landscape adds another layer of complexity. The relative stability of the US Dollar, with investors exercising caution ahead of key US data releases, also influences AUD dynamics. Additionally, China's economic policies, as a major Australian trading partner, will indirectly impact the AUD's performance.
In conclusion, Australia's escalating inflation is pressuring the RBA towards a potential rate hike, which could bolster the AUD. The June inflation report and ongoing global economic developments will be key factors shaping the RBA's decision and the AUD's future trajectory.
AUDUSD Short Term Buy IdeaD1 - Double trend line breakout
No opposite signs
Expecting the price to continue higher further in the short term
H4 - Currently the price is moving inside a range
A valid breakout above the top of the range would be the validation for this bullish view.
Alternatively if we get a valid breakout below the bottom of this range then this bullish view will be invalidated.
AUDUSD - Bearish price action !!Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here I expect bearish price action as price took buy side liquidity and rejected from bearish order block + institutional big figure 0.67000. My target is imbalance lower.
Fundamental news: Tomorrow (GMT+3) we will see results of Unemployment Rate on AUD, news with high impact on currency.
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AUDUSD: AUD outlook adjusted upward in the short termAUDUSD: The AUD also has the prospect of an upward adjustment in the short term. Therefore, it is expected that ace can continue to maintain the buying trend with AUDUSD in the short term to the 0.6640 area and sell above this price range. In the context that the USD is adjusting to fill the gap
AUDUSD I Potential buy from support 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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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
AUDUSD: slight correction from the peak areaAUDUSD: The AUD in the short term has also had a slight correction from the peak of 0.6680. It is expected that in the short term, AUDUSD will fluctuate and accumulate with the support area around the 0.6600 threshold. In today's session, it is possible that AUD will test this price range again. Ace can consider waiting to buy up AUDUSD today.
AUDUSD: The AUD has also returned to rising momentumAUDUSD: The AUD has also returned to its upward momentum, especially surpassing the 0.6660 zone, showing that the flag pattern has broken to maintain the previous upward trend, so AUDUSD has a high risk of continuing to rise above it. resistance zone 0.67 to move to higher price area. The target is expected to be above the 0.68 threshold. Therefore, in the short term, you can consider buying up AUDUSD today. Recommended to buy around the current price range
GBPUSD: in the short term there is also a recoveryGBPUSD: In the quick time period, the British Pound is likewise recuperating to check the resistance round 1.2770. On the H1 frame, it could be visible that this resistance region has promoting stress acting on GU, so withinside the quick time period and with high-quality records which could come to the USD tonight, it's far anticipated that GU will even flip down whilst tested. Check this resistance zone. Ace considers promoting down with GU round 1.2770, quick-time period goal returns to 1.2700
AUDUSD: In the short term, the AUD is recoveringAUDUSD: In the quick term, the AUD is recuperating from the aid vicinity round 0.6600. And in today`s context, it's miles predicted that AUDUSD will now no longer have many fluctuations. Most will acquire strain from the 0.66-0.sixty seven vicinity, so that you can take into account ready to promote across the 0.sixty seven resistance vicinity.
AUDUSD: maintaining narrow range accumulationAUDUSD: The AUD withinside the quick time period is likewise preserving a slender accumulation variety with a corrective downtrend wherein the aid place of 0.6590 is likewise touching the EMA200 withinside the H4 frame. The predicted situation is that AUDUSD may also lower from the modern-day rate variety. If AUDUSD falls beneath 0.6590, it'll verify a longer-time period downtrend. It is usually recommended to promote with this forex pair.
Impulsive Wave Rally: AUD/USD Targets 0.70750.Hello traders,
Here is my analyis of AUDUSD pair.
After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently in wave (3).
We expect a rally from this zone following the shallow wave (2) correction.
The channel break indicates potential reversal areas, suggesting the start of a continued upward phase towards the 0.70750 level as a potential target in the bullish direction. However, a lower low below 0.63623 would invalidate the bullish scenario.
Alternative Scenario:
The alternative scenario is a further drop in wave (2) towards the 0.64977 price region marked by blue box before the rally to the upside.
AUDUSD: The AUD in the short term turned downAUDUSD: In the short term, the AUD has also turned down. Currently located around the 0.6600 support zone. Because this is an important neckline support area as well as touching the EMA 200 H4 frame, we need to observe the price reaction around this area. If AUDUSD continues to penetrate the current price range, it will create a double peak pattern confirming a deep downtrend. Ace may explore selling down on AUDUSD in the context that the USD is currently rising strongly, reinforcing this short position.
AUDUSD to continue in the trend of higher lows?AUDUSD - 24h expiry
The medium term bias remains bullish.
The selloff has posted a correction count on the daily chart.
Previous resistance level of 0.6650 broken.
A lower correction is expected.
Setbacks should be limited to yesterday's low.
We look to Buy at 0.6625 (stop at 0.6601)
Our profit targets will be 0.6685 and 0.6695
Resistance: 0.6680 / 0.6700 / 0.6720
Support: 0.6625 / 0.6600 / 0.6580
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AUDUSD - Looking To Buy Pullbacks In The Short TermD1 - Downtrend line breakout
No opposite signs
Expecting short term bullish moves to happen here.
H4 - Strong bullish momentum
Currently it looks like a pullback is happening.
Until the two strong support zones hold my short term view remains bullish here.