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Audusdlong

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 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
AudUSD Analysis (price action)Hello traders, here is my analysis of audusd 1h. I think we might be seeing a new trend forming and would love to hear your thoughts about my analysis. MY ANALYSIS: TREND STAGE I would consider it as matured it has been trading bearish for a long period of time and now seeing a break from that trend. 1d 1h Possible 4rr on 1h RISK CONSIDERATION Coming Tuesday is RBA Rate Decision and could create a high volatility ********* POSSIBLE TRADE SETUP CONSERVATIVE - wait for price to break above daily resistance (breakout point daily) or Aggressive - go lower time fram 15m to 30m look for fib entry 50% or 62% price must not trade below daily pivot confluence - strong daily close - trading way above daily pivot as compared to previous price action where it is trading within range of of pivots - breakout above the descending trend 15M POSSIBLE AGGRESSIVE SETUP POSSIBLE TRADE SETUP ON 15M SL OF AROUND 15PIPS FOR A 4RR OR A NEW TREND FOLLOWING SETUP RISK HALF% AND SCALE IF IT BREAKS ABOVE DAILY BREAKOUT POINT I THINK THE POSSIBLE REWARD IS WORTH TAKING THE RISK Would love to hear your thoughts on the comment section below. Thank u
Long
by Junmadayag
2
A bullish setup on AUDUSDHey Traders, here is my simple Buy setup on AUDUSD. The pair just successfully completed the inverted Head and Shoulder on the Daily TF, and now that signal a bullish run. On 4H the price retested the demand zone second time which could be argue to be a level that buyer might start throwing some buy orders in, but that is not enough. The market just made a flat bottom (liquidity mark up) and probably going to further the bearish run to retest the Daily OB as indicated below. Or You can look for a long position if the price break above the Multiple level of market structure then use the current resistance are as support after breaking that level. Buyers can look to buy the next retest and target the 0.7200 area.
Long
by Adefxc
9
20 Reasons For Long AUDUSD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: Multi years Bearish Trend is here 2:📆Monthly: making an insider high and low also rejected from monthly order block 3:📅Weekly: and weekly Choch is formatted, but the price does not confirm high yet. After a correction, prices are halted on the previous monthly low and equilibrium area so that there is a high chance prices can go high from here 4:🕛Daily: a clear up trend now 3rd move id started on the proper discount area and also forted appropriate price actions and structure setup 😇7 Dimension analysis 🟢 analysis time frame: H4 5: 1 Price Structure: bearish & market start forming lower high 6: 2 Pattern Candle Chart: equal lows at bottom long wick candles also lower high monthly weekly and daily lows also 7: 3 Volume: 8: 4 Momentum UNCONVENTIONAL Rsi: Rsi also shift their range from bearish to sideways properly 9: 5 Volatility measure Bollinger bands: Bollinger band in a tight squeeze /also proper w pattern is formatted so walking on the band is excepted 10: 6 Strength ADX: total neutral 11: 7 Sentiment ROC: Aud is more substantial than USD on the base on Rate of change ✔️ Entry Time Frame: H1 12: Entry TF Structure: bullish 13: entry move: impulsive 14: Support resistance base: H1 equilibrium support H1 last swing support or 2nd option H1 premium breaks 15: FIB: ☑️ final comments: Buy 16: 💡decision: LOng 17: 🚀Entry: 0.6780 18: ✋Stop losel:0.6695 19: 🎯Take profit: 0.7129 20: 😊Risk to reward Ratio: 1:4 🕛 Excepted Duration: 10 Days
Long
by Optimum369
1
I am long on AUDUSD After a prolonged downward trend, AUDUSD has returned to a stable market, showing signs of bottoming out. I plan to initiate a light long position on AUDUSD, adding on dips, and will reap a decent profit if a bottom forms. My personal trade recommendation: Enter a long position near 0.67000-0.67050, with the first profit target at 0.67800, second at 0.68500, and third at 0.69200. If you are trading with me, please control your position size reasonably, and those with small capital or poor mentality should not participate. I have extensive knowledge of futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and regularly update my daily trading strategies. Thank you for your support and likes, and please feel free to leave me a message if you have any questions. I will provide the most secure advice and hope to help you.
Long
by FlashTrades_
2
AUDUSD 2hr Minor correction (22/02/2022)After breaking the support trend line , AUDUSD is currently in need of a minor correction. The current price action suggests that a pullback and retest of the trend line is likely to occur. If the price is rejected at this key zone, I will wait for a bearish engulfing candle before considering a sell position, particularly if it breaks the support zone marked in yellow. However, if the price continues to rally up, my bearish bias will be invalidated. It's important to monitor the market closely and be prepared to adjust your trading strategy accordingly. What are your thoughts on this? Feel free to share your comments below.
Short
by Popeson
5