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Audusdlong

AUD/USD Holds Steady Ahead of FOMC Decision Amid RBA Rate HikeThe AUD/USD pair is expected to remain volatile in the near term, with traders focusing on the FOMC meeting and the US economic docket. While the RBA's rate hike has boosted the Australian dollar, the USD pullback and concerns over the US debt ceiling and banking crisis are limiting the downside for the pair. TRADE IDEA DETAILS: CURRENCY PAIR: #AUDUSD CURRENT TREND: ➡️Sideways TRADE SIGNAL: ↗️Buy 👉ENTRY PRICE: 0.6670 ✅TAKE PROFIT: 0.6740 ❌STOP LOSS: 0.6610 #AUDUSD #RBA #FOMC #RateHike #USD
Long
by RichDadph-FX
AUDUSD Rising LONGOn the 4H chart, AUDUSD is rising over the intermediate term volume profile POC and ascending the anchorded VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands. The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line. Another good sign is price is approaching a volume void /gap on the volume profile. Finally there was a mild volume spike when price reversed from the bottom of the high volume area on the profile. I am looking for rising price action in the intraday upcoming once both London and New York sessions are overlapping.
Long
by AwesomeAvani
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
To catch a falling knife? AUDUSD - 24h expiry - Previous support level of 0.6619 broken. We are trading at oversold extremes. A higher correction is expected. Previous support located at 0.6564. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to Buy at 0.6575 (stop at 0.6540) Our profit targets will be 0.6665 and 0.6680 Resistance: 0.6665 / 0.6780 / 0.6925 Support: 0.6550 / 0.6380 / 0.6170 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
AudUsdThis pair has made several attempts to breach the 0.6666 support level, but has been unsuccessful thus far. however, there are indications that they may attempt to make a rebound this weekand rise . Unless any significant global developments occur, there are no major news events that are expected to push them in a bearish direction. It is important to note that this is solely my opinion, and traders should not make their trading decisions or take risks solely based on it
Long
by Adel_Tunisi
1
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
1
AUDUSD 100pips setup BREAKDOWN!!!!AUDUSD is currently not showing too many signs for a BULLISH play BUT the DOLLAR INDEX is looking weak which makes a great opportunity for xxxUSD which is why we are gearing up for a LONG play here. // #1 ENTRY (Risk Entry, Good Reward) // -: Enter LONG now or wait until at LB (Lower Band) touch // #2 Entry (Confirmed Entry, Minimal Reward) // -: LONG when we fix ABOVE BL // INVALIDATION // On #1 Entry, Set a 40pips SL from LB tap. On #2 Entry, when price fix back ABOVE BL , the SUITE INDICATORS will print a SL zone on the chart for you, use it. TARGETS - We are looking at 200EMA on H4 as first TP and max at the AUTOMATED KEY ZONE that comes with the SUITE INDICATORS P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
by TheHOODofCRYPTO