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Audusdlong

AUDUSD AUDUSD appears to be exhibiting a bullish bias on the 4-hour timeframe, potentially following a bullish flag pattern alongside Elliott Wave theory indicating a completed 12345 sequence. The recent upward movement is supported by a retracement of approximately 61% within the context of Elliott Wave's fourth wave completion, suggesting further upward momentum may be likely. Traders could monitor for confirmation signals to capitalize on potential bullish opportunities in the near term.
Long
by forex_info
AUDUSD LONGAUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair. Australian Dollar extends losses after stronger US PPI data. Australia's S&P/ASX 200 Index tracks losses on Wall Street overnight. People's Bank of China has maintained the 1-year MLF rate at 2.5%. US Dollar strengthened as the Fed is expected to prolong its higher interest rates. The Australian Dollar traded near 0.6570 on Friday. Immediate support is seen around the 50.0% retracement level of 0.6555, which aligns with the major support at 0.6550. A breach below this level could exert downward pressure on the AUD/USD pair, with potential support at the 61.8% Fibonacci retracement level of 0.6528, followed by the psychological level of 0.6500. On the upside, the AUD/USD pair may encounter a barrier around the nine-day Exponential Moving Average (EMA) at 0.6583, preceding the psychological barrier at 0.6600. A breakthrough above this level could lead the pair to revisit the weekly high of 0.6638, followed by the major level of 0.6650.
Long
by Mark804
AUDUSD: Dollar steady, CPI data awaitedThe dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week. The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering interest rate cuts. Adding to this pressure, data on Friday showed nonfarm payrolls rose more than expected in February. But January's figures were revised significantly lower, while other figures showed unemployment rising, suggesting the labor market has cooled somewhat. Powell's comments kept markets more focused on Tuesday's CPI data, especially as several other Fed officials also signaled that any rate cuts by the Fed would depend largely on the path of inflationary
Long
by Chart_MasterPro
2
AUDUSD high probability possible 1000 pips tradehello guys , today we are looking at AUDUSD , this pair provides a very good opportunity for a bullish setup on the daily tf the price made a double bottom and broke its neckline however on friday the daily candle closed as an inverted hammer. it is possible that the price might pullback towards the neckline to do a retest that also overlaps with the 4h orderblock which is going to be my point of interest and my entry point . id wait for confirmation to enter on 50% of the OB.
Long
by xAB777
1
AUDUSD I Pre-NFP Analysis brief pullback and more growthWelcome 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!
by BKTradingAcademy
AUDUSD COUNTER-TREND LONG & POTENTIAL SHORTI wan to use a 5min entry to catch the buys for the sells. While waiting, make sure to manage risk a trail SL when price has broken above 0.64975. I can see a potential entry here and go short only if price present and opportunity for me on the 5min. Mind you this zone can be used as liquidity to get early sellers in the market while it mitigates the upper zone which looks more potential to me, so lets look out for that too, only enter when you see a confirmation. See comment for 5min entry for the counter-trend long. Cheers
Short
by Sjcosmas
AUDUSD LONGThe AUD/USD pair delivers a V-shape recovery from 0.6490 as investors hope the Federal Reserve (Fed) will start reducing interest rates from the June policy meeting. The Aussie asset recovers sharply as the US Dollar comes under pressure.Meanwhile, the Australian Dollar performs stronger on February's upbeat Caixin Manufacturing PMI. Surprisingly, the economic data rose to 50.9 from expectations of 50.6 and the prior reading of 50.8. The Australian economy is China's leading trading partner, and an improvement in the latter's economic prospects eventually strengthens the confim signal
Long
by Mark804
AUD/USD: Bulls The Australian Dollar (AUD) is looking to break free from its recent slump against the US Dollar (USD). Recent price action suggests a potential long opportunity, with external liquidity providing support at the bottom of the consolidation zone. Here's why the AUD/USD might be ready to charge: External Liquidity Boost: Fresh inflows of capital are entering the market, potentially buoying the AUD. This external support could act as a springboard for a breakout. Consolidation Breakout: The AUD/USD has been consolidating for some time, forming a well-defined range. A clean break above this range, especially with increased volume, could signal the start of a new uptrend. Long-Term Target: The original consolidation zone, once broken, could act as a potential profit target for long positions. Remember: This is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions. Stay tuned: We'll keep an eye on the AUD/USD and provide further updates if the breakout confirms.
Long
by Asif_Brain_Waves