Get started

Audusdlong

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
Aud/Usd - BuyMultiple breaks of structure to the upside. I trade price action / SMC, I can see 2 slear breaks of structure on the higher timeframe which carrys more weight than the lower timeframes, clear candle closures above the previous highs, a wick for me is not valid in my trading plan. Once i see the candle close on the second break of stucture i track back on the move that broke the previous high and look for inefficiency in the run and then mark up the Order block where i then place my pending order. Simple trading is how i operate and this is 1 example of many trades that i place that play out very well. all im looking to do now is wait to be 2% in profit move SL to 1% and let this run risk free.
Long
by Rjptrades93
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 SellThe AUD/USD had the best day in months on Monday, boosted by a sharp decline of the US Dollar Index (DXY), despite risk aversion. The pair rose almost a hundred pips and stabilized around 0.6675 after hitting five-day highs above 0.6700. The collapse of Silicon Valley Bank (SVB) on Friday triggered a crisis and a run to safety. The rally in Treasury bonds weighed on the DXY, which dropped more than 1% on Monday, falling below 103.70. The US 10-year yield fell more than 4% to 3.50%. The Aussie held relatively well despite market jitters. Volatility is set to remain elevated. If panic persists, it would be more difficult for AUD/USD to hold at current levels or extend the rally. AUDUSD term trend is still down. In today's price it is possible that the price will sweep up to the 0.6700 resistance area again then continue to go down. Recommended to wait to sell to 0.6700, SL: 0.6750, TP: 0.6650-0.6575
Short
by VTmarkets
AUDUSD SellThe Australian dollar is slightly stronger this morning when valued against the Greenback. The Aussie dollar finished the week on a soft note closing at 0.6580 and this saw NZD/AUD back above 0.93. Last week the Australian Dollar fell as the Reserve Bank of Australia (RBA) and Federal Reserve went their separate ways on monetary policy and high beta risk assets met headwinds going into the weekend. The RBA raised interest rates for the 10th consecutive meeting, with rates now sitting 3.5 per cent above where they were when the rate rise cycle began. It’s worth noting that recently financial markets were pricing in a cash rate as high as 4.35 per cent. Ultimately, the peak level of the cash rate is a key piece of the puzzle that will decide the trajectory of everything from home prices to the broader economy. The AUD/USD pair is currently trading at 0.6590. Looking ahead this week and on Tuesday we will see the release of the Westpac Consumer Sentiment and National Australia Bank (NAB) Business Confidence. Both surveys are leading indicators of economic health. On Thursday all eyes will be on the unemployment rate decision by the Australian Bureau of Statistics. NAB is forecasting the unemployment rate to rise sharply to 4.7 per cent next year and 4.8 per cent in 2025 while Commonwealth Bank of Australia (CBA) economist Gareth Aird’s number crunching provides a similar outlook. “We expect the unemployment rate to be 4.3 per cent compared with the RBA’s forecast of 3.8 per cent,” he said. The Australian unemployment rate is currently at 3.7 per cent. AUDUSD h1 price is moving sideways in the 0.6575-0.6640 zone. In the short term it is possible that the pair will fall to the 0.6575 support area once again. Recommended to sell to the current price 0.6640, SL: 0.6690, TP: 0.6575
Short
by VTmarkets
AUSUSD M30: Bullish outlook seen, further upside above 0.6600On the M30 timeframe, prices are ranging between two key levels, 0.6600 and 0.6580. A break above the resistance zone at 0.6600, which is in line with the 38.2% Fibonacci extension, could provide the bullish acceleration to the next resistance zone at 0.6650. Failure to break above 0.6600 could see price fall further to the next support zone at 0.6520. Stochastics are in the oversold region below 20, supporting our bullish bias.
Long
by T3-Consultancy
When will the AUDUSD stop falling? The decline in US bond yields dragged down the US dollar, with focus on Powell and the non-farm payrolls report; under the pressure of these two negative factors, the Australian dollar (AUD), also known as the Aussie, accelerated its decline against the US dollar (USD), breaking below the key level of 0.6700. Meanwhile, the New Zealand dollar (NZD) is still attempting to form a potential double-top pattern. The AUDUSD failed to rebound from the weakness of the USD, partly due to conservative growth expectations from China, Australia's largest trading partner, which dragged down the Aussie. Additionally, the Reserve Bank of Australia's (RBA) latest interest rate decision, which released a less hawkish and even slightly dovish stance, also weighed on the Aussie. Under these two negative factors, the AUDUSD accelerated its decline and is currently trading below the level of 0.6700. Looking at the daily chart, the market is still in a downtrend and is approaching the key support level of 0.6580, which is also the previous low point. If the support test is effective, the downtrend may successfully stop and lead to a good upward trend. Personal trading recommendation: Enter a long position with a small amount at the level of 0.6580-0.6600, with the first target at 0.6800 and the second target at 0.7000. I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update some daily trading strategies. Thank you for your attention and likes, and if you have any questions, please feel free to leave me a message. I will provide the most reliable advice to help you.
Long
by FlashTrades_
AUDUSD Potential 1:3 up to 1:11 RR | POSITION | LONGAs seen in the chart, it was expected that the ideal "supply" zone was swept. As a retailer, your normal reaction is to buy on that support area; however, looking at the bigger picture, due to the momentum of the bears, there was no clear indication for us to buy in that area, hence using SMC, we should be buying at our actual discount/supply zone. By buying in this area, we can potentially reach 1:11 RR with a minimum RR of 1:3, a reward I am sure that most of us would like, especially for those trading with big lots. Reminder: Do not risk more than 1-3% of your port so you can make up your losses. Disclaimer: I am not a guru or a professional trader, I am simply sharing my insight based on my understanding of the market.
Long
by TokieTV
AUDUSD H1: Bullish outlook seen, further upside above 0.6720On the H1 timeframe, prices are testing a key support zone at 1.3580, in line with the 88.6% Fibonacci retracement. A throwback to this zone could present the opportunity to ride the bounce to the resistance zone at 0.6780, which coincides with the 100% Fibonacci extension. Prices have broken above the 50 EMA, supporting our bullish bias. Failure to hold above the support zone at 0.6720 could see prices fall lower to test the next support zone at 0.6700 which is in line with the graphical low.
Long
by T3-Consultancy