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Audusdlong

AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD - Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS. Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE. - It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the 0.7127 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6642 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
by benny_marshall
Looking for AUDUSD stem dips.AUDUSD - 24h expiry - Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Short term bias is mildly bullish. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We look to buy dips. We look to Buy at 0.6665 (stop at 0.6625) Our profit targets will be 0.6765 and 0.6785 Resistance: 0.6780 / 0.6925 / 0.7160 Support: 0.6665 / 0.6550 / 0.6380 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
AUDUSD: RBA to hold rates steady for an extended period!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ While Australia's activity data has shown a slight decline, the Reserve Bank of Australia (RBA) is still focused on tightening monetary policies due to persistent inflation patterns. Additionally, we believe that China's reopening will positively impact the Australian dollar's performance. We anticipate that the Australian economy will avoid a recession this year, and the RBA will maintain interest rates at 3.85% for an extended period. As a result, we expect the Australian dollar to outperform the US dollar in 2023 and 2024. Note: Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
1
AUDUSD BuyAccording to the latest inflation report, Australia’s CPI has fallen from the record high of 8.4% in December to 6.8%, indicating that the inflation rate is quickly subsiding. However, the recent oil production cuts implemented by the OPEC+ cartel threaten the recent gains made by most countries fighting inflation. RBA Governor Phillip Lowe said that the central bank recognises that the impact of its rate hike would take time to be felt across the economy. Therefore, the RBA was still monitoring the impact of its rate hikes on the economy before plotting its next course of action. The decision not to hike interest rates was taken to give the RBA time to continue assessing the impact of previous rate hikes on Australia’s economy. The reserve bank governor said the opportunity to achieve a soft landing for the economy was narrow. AUDUSD h1 price is in an uptrend. After a short correction yesterday, the pair is now showing signs of continuing its upward move. Recommended buy to current price 0.6755, SL: 0.6720, TP: 0.6800
Long
by VTmarkets
AUDUSD BuyThe Australian dollar has initially fallen during the trading session on Monday, but then turned around to go straight up in the air. By doing so, the market has slammed into the 50-Day EMA, causing the market to struggle with a major technical level. Keep in mind, the area between the 0.67 and 0.68 level has been extraordinarily important in the recent past, and a break above the 0.68 level would be a major victory for the Aussie dollar. If we do break above the 0.68 level, the first target will be the 200-Day EMA, which sits just above there. Alternatively, if we turn around right here, we could see the market down to the 0.67 level again. Anything below the candlestick for this massive day on Monday would obviously be very negative, and I think at that point you would have to start selling hand over fist. There is an argument to be made for some type of bearish flag trying to be formed, but you can also still make an argument for an ascending triangle. Because of this, I suspect that retail traders will continue to be somewhat confused, and therefore we will continue to see a lot of conflicting opinions. AUDUSD h1 main trend is still bullish. However, now traders need to wait for another deep correction of this pair to have the best buying opportunity. Recommended to wait to buy to 0.6750, SL: 0.6710, TP: 0.6820
Long
by VTmarkets
AUDUSD Bullish pattern ConfirmedAUDUSD is having bullish confirmation after having HP-HT-HP-HT in 4H timeframe. Therefore, I am not suggesting you try doing counter trading by opening selling/short position. I am seeing AUDUSD might have short term pullback to the 0.673 (which can be good area to open buy/long position) before continue reaching 0.68325 (1.618 Fibonacci retracement). Given that the ISM number is lower than expected, it moves DXY index lower which power up bullish movement for AUDUSD. We should be a bit cautious regarding the rate decision and important news in the coming days. Happy profit!
Long
by MekarTrading
AUD/USD UpdateNothing much has really changed since my first posting on this. Price has hit my first two levels and since then been skirting on top of them for a while. So the levels underneath are still at play. Price hasn't moved up enough to invalidate them. Maybe it will push up soon. If it does, I will go short from my short zone. If price goes lower, I'm interested to see how quickly it goes lower. If it trends down a great distance within a week, I will definitely go long. FX:AUDUSD
Long
by PEAKFINDER