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Audusdlong

AUD/USD Shows Strength Amidst Geopolitical Tensions and Techn...AUD/USD Shows Strength Amidst Geopolitical Tensions and Technical Signals In a surprising display of resilience, the AUD/USD pair traded higher on Monday, rebounding from the 50% Fibonacci level following a significant pullback to the support level at 0.65250. This rebound was reinforced by the dynamic bullish trendline, which has proven to be a reliable support. Notably, the price surged above the 200 moving average, while the RSI moved out of oversold conditions. Geopolitical Developments: Despite heightened geopolitical tensions and a stronger US Dollar (USD), as evidenced by a tragic drone attack near a US outpost in Jordan, the Australian pair exhibited notable strength. The incident, which resulted in casualties among US service members, has prompted the Biden administration to consider specific plans for a response, potentially including strikes into Iran. Market Dynamics: Australia's money market remains stable, buoyed by upbeat crude oil prices. The AUD's resilience could also be attributed to news of additional stimulus measures by the People's Bank of China (PBoC). The Reserve Bank of Australia’s (RBA) Bulletin reflects a moderation in businesses' price growth expectations over the past six months, though prices are anticipated to stay above the RBA's inflation target range of 2.0–3.0%. Despite this, the RBA is expected to lower borrowing costs later this year. Upcoming Economic Indicators: Investors eagerly await Tuesday's Australian Retail Sales, anticipating a decline of 0.7% compared to the previous increase of 2.0%. Additionally, attention is focused on Wednesday's Consumer Price Index (CPI) data. Forecast: Despite the complex geopolitical landscape and economic indicators, our forecast for AUD pairs remains bullish. We are eyeing a take profit at the 0.6700 level, aligning with the positive technical signals and the overall strength exhibited by the Australian Dollar. Traders are advised to stay attentive to evolving market dynamics and adjust their strategies accordingly. Our preference Long positions above 0.64 with targets at 0.68 & 0.69 in extension.
Long
by FOREXN1
3
AUDUSD: Fed and BoE interest rate decisions, economic data and UEconomic calendar with market-impacting events including the latest Fed and BoE monetary policy decisions, US NFP reports, German and Eurozone fourth-quarter growth, manufacturing PMIs and Chinese services, German and Euro zone inflation data. In addition to the economic calendar, a series of major US technology companies will announce their latest fourth quarter business results. On Tuesday, Alphabet (GOOG) and the world's largest company Microsoft (MSFT) will release financial reports, while on Thursday, Amazon (AMZN), Apple (APPL) and Meta Platform (META) will release financial reports. Announce earnings after the market closes. The US stock market continues to set new records as investors remain determined to take risks. The upcoming earnings announcement of the "Magnificent 7" will weigh on the indexes due to the large proportion of these businesses and put the market at risk. Last week Tesla (TSLA) disappointed the market and fell about 12% following their earnings release.
Long
by Chart_MasterPro
AUDUSD M30 / SHORT TRADE OPPORTUNITY 📉Hello Traders! This is my idea related to AUDUSD M30. I expect a bearish move after the retracement from the Resistance level, the exact level where we have also fibo 50%. My target is below the BOSS. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
AUDUSD: The foreign exchange market is quiet, the USD is stable Most Asian currencies remained weak on Wednesday, with the dollar hovering near a six-week high as markets awaited further signals on when the Federal Reserve would start cutting interest rates. The Australian dollar weakened by 0.1%, although January's PMI data showed improvement in manufacturing and services activity. The Australian dollar, which is often used as an indicator of overall Asian markets' risk appetite, is also trading near seven-week lows. The US dollar has stabilized near six-week highs as the economy continues to grow. Data, Fed meeting underway The dollar index and dollar index futures each fell 0.1% in Asian trade, after rising earlier to their highest since early December. The dollar got off to a strong start to 2024, with solid inflation and jobs data showing traders' expectations that a Fed rate cut was imminent have largely dissipated. That perception was further exacerbated by a series of hawkish comments from Fed officials last week. The focus now shifts to fourth-quarter gross domestic product (GDP) data scheduled for release on Thursday and data on the PCE price index, the Fed's preferred inflation measure, scheduled for release on Friday. Signs of a recovery in economic growth and inflation would give the Fed more incentive to keep interest rates high for longer periods of time. The reading also came days before the Fed's first meeting in 2024, when the Fed is widely expected to keep interest rates at a 23-year high. However, the Fed is still expected to start cutting rates before the end of the year, and traders will be watching for any such signals from the meeting.
Long
by Chart_MasterPro
AUD/USD Trade alert: Strong USD vs RBA's rate decisionAUD/USD Trade alert: Strong USD vs RBA's rate decision Talk of a US$278 billion (1 trillion yuan) rescue package for Chinese shares might not be enough to support AUD/USD. Countering this positive signal for the AUD is general US dollar strength, caused by a shift in the market regarding the likelihood of a March rate cut. At the turn of the year, it was priced above 80% probability, but that's now fallen to 42%. On the daily chart, we can see the AUD/USD testing on the key support zone at 0.6550 with some consolidation just above this level before the next move. Looking a little further ahead, AUD might find the upwards momentum it needs with Australia's inflation rate data released on January 30 next week, followed closely by the Reserve Bank of Australia's interest rate decision on February 5. The inflation figure is the last major report the RBA will have to consider before it meets next week for its first interest rate decision of 2024. Will they keep their rate unchanged on February 5 or surprise the market with another 25-basis-points hike and give a pop to the AUD/USD?
by BlackBull_Markets
1
AUDUSD H1 / BULLISH CHANNEL GOING AFTER FVG / LONG ENTRY ✅💲Hello Traders! This is my idea related to AUDUSD H1. I see a very nice bullish structure, and I expect a rise until the first FVG as a first target. It represents a good opportunity to execute a long trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
2
AUD/USD Bull on the horizon...In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but also in increasing profits while reducing trade frequency. I have already shared my EUR/USD outlook video, but I would also like to share my ideas here regarding both the GBP/USD and AUD/USD pairs. While my main focus is typically on the EUR/USD, I do occasionally explore other pairs if there are promising opportunities. The GBP/USD setup is a large falling wedge which typically calls for a move to the upside. Coupled with a up trending MACD which further gives this further strength of a possible bullish move. The AUD/USD setup is a large falling Descending triangle which typically calls for a move to the upside. Coupled with a up trending MACD which gives this further strength of a possible bullish move. Projected target on the GBP/USD is 1.4000. Projected target on the AUD/USD is 0.7700 (possibly extended to 0.8000..
Long
by InternalTraderNYC
AUDUSD I Trade update I Potential long from bottom of channelWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
2
New Trade: AUDUSD - Long PositionNew Trade: AUDUSD Long Position Entry: 0.6680 Take Profit: 0.6870, 0.6800, 0.7500 Stop Loss: 0.6645 Technical Rationale: Entered a long position on AUDUSD based on sustained trading above the 200 EMA, indicating a robust bullish sentiment. Additionally, a retracement to the "golden zone" in Fibonacci levels supports the potential for an upward move. Current Position Status: Despite a temporary drawdown near the Stop Loss, the position is active, presenting an entry opportunity for interested traders. Market Analysis: Market conditions favour the ongoing bullish outlook, with the price consistently above the 200 EMA and a favorable Fibonacci retracement. Trade Strategy: Strategically placed Take Profit options at 0.6870, 0.6800, and 0.7500 reflect anticipation of various potential upward moves. Stop Loss at 0.6645 serves as risk management. Conclusion: The AUDUSD long position is supported by technical factors, and despite initial challenges, the position remains active. Market conditions may offer an entry opportunity. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Conduct thorough analysis and exercise due diligence.
Long
by CeeJay_Trades
AUDUSD still higher from recent support level {08/jan/2024}Educational Analysis says AUDUSD may move in this range for some time according to my technical. Broker - Pepperstone This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because AudUsd has already been in an Uptrend since last Month, And basically will go higher from the demand level. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
Long
by VishalBudhrani
AUD/USD Strives for Heights Amid Dollar's ResurgenceAUD/USD Strives for Heights Amid Dollar's Resurgence: Navigating Market Dynamics The AUD/USD experienced a notable surge, reaching a fresh five-month high at 0.6870 before encountering a shift in momentum. During the American session, the pair saw a reversal, dipping below 0.6850 as the US Dollar staged a recovery, fueled by an uptick in Treasury yields. Market Response to US Data: Despite noteworthy data releases from the US on Thursday, including an unexpected increase in Initial Jobless Claims to 218,000, market participants seemed largely indifferent. The week ending December 23 also witnessed Pending Home Sales holding flat in November, falling short of the anticipated 1% increase. The resilience of the AUD/USD in the face of these figures suggests the pair's sensitivity to broader market dynamics. Upcoming Events and Data Focus: As we move into Friday's trading, Australia is void of scheduled data releases, placing the spotlight on the US with the release of the Chicago Purchasing Managers' Index (PMI). However, the real anticipation is directed towards next week's US employment data, featuring crucial indicators such as ADP, JOLTS, jobless claims, and Nonfarm payrolls. Technical Analysis and Bullish Outlook: Our analysis maintains a bullish stance, tracking the AUD/USD's price movements. Notably, the pair exhibited resilience with two rebounds on the dynamic trendline within Fibonacci areas. The upcoming Fibonacci zone, ranging between 38.3% and 50%, emerges as a potential trigger for another bullish impulse, following a swing-style pattern. Conclusion: The AUD/USD's journey to a five-month high showcases its inherent strength, even amid a resurging US Dollar. The market's reaction to US data and the upcoming focus on employment figures sets the stage for continued volatility. With our bullish outlook guided by technical analysis, the AUD/USD's ability to navigate Fibonacci zones suggests potential opportunities for traders in the evolving market landscape. As the pair readies for the next leg of its journey, investors are poised for strategic moves aligned with the dynamic interplay of global economic forces. Our preference Looking for a Long positions with target at 0.6940
Long
by FOREXN1
3