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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 H4Hello traders, AUDUSD is setting up for a downside move, i am waiting for price to enter in a yellow box mentioned area and looking price action there for a short position opportunity but if things doesn't go that i wanted and price break the previous lower high then i will be watching the red box resistance area for a next short opportunity. This is just analysis, not a proven trading system that would work a 100% maybe 100% work in something but in trading this sounds like unusual. i wish you good luck and good trading.
Short
by TheLoserMan
AUDUSD Trading Plan - 20/Mar/2023Hello Traders, Hope you all are doing good!! I expect AUDUSD to go Down after finishing the correction. Look for your SELL 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.
Short
by For3xScalper
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 MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6500 LEVEL if 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
Seeking a bearish breakout on AUD/USDThe Australian economy has had a few of soft data points this week which, whilst not detrimental to the economy, will be duly noted by the RBA as they seek to cool the economy without completely breaking it (and ponder a pause in rate hikes). Yesterday we found inflation was 'only' 7.4% y/y, compared to 8.1% expected and 8.4% prior - and GDP was soft at 0.5% q/q. Well today things got a little more interesting with housing and credit data. The S&P Global Ratings Agency noted in a report that mortgage arrears were on the rise, whilst dwelling approvals nosedived nearly 30% in January alone. Cleary, RBA's aggressive hiking path is beginning to bite, and we also need to consider that there's a large lag between hikes and such data points (so expect further weakness to come). And that matters, as it could force the RBA to stop hiking sooner than they currently expect, and that is likely to weigh further on AUD/USD whilst some Fed members continue to speak of interest rates being over 5.4% and ponder between a 25 or 50bp hike in March. AUD/USD daily chart: We can see on the 4-hour chart that the AU-US 2-year yield differential is pointing sharply lower as US yields continue to outpace their Australian counterparts. Prices are consolidating within a potential bear flag or retracement channel, whilst the RSI (14) remains below 50 and shows the potential for a lower high. If prices drift higher, bears could seek bearing setups below the 0.68200 (last week's VPOC) or the daily pivot point. Otherwise, they could wait for a bearish break of the bear-flag and assumes bearish continuation towards 0.6650 and 0.6570.
Short
by CityIndex