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Audusdshort

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
AUD/USD: Short at 1.0570-1.0580 Range Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market trend will be relatively simple. In the face of this volatility, the most suitable operation for AUD/USD is naturally to short on rallies. Based on the market situation, the following recommendations are given: Short at the range of 0.6630-0.6640, with targets at 0.6610, 0.6590, and 0.6570, and stop loss to be determined based on individual circumstances. FX:AUDUSD
Short
by investmentMr-X
AUD/USD - Risk as markets price in possible RBA rate hikeThe minutes from the Reserve Bank of Australia (RBA) showed the Board was leaning towards a rate hike of 50bps and dismissing the idea of a pause in rate hikes. Markets expect the bank to raise rates by 24bps at their next meeting and reach a terminal rate of 4.28%. The RBA's recent decision and data regarding the Wage Price Index will likely affect the Australian dollar. The 50bps rate hike anticipated by the RBA will likely put pressure on the AUD, but the actual rate increase could be lessened by weaker-than-expected data from the Wage Price Index. The higher terminal rate of 4.28% could also put further downward pressure on the AUD. Overall, the RBA's actions and the upcoming Wage Price Index data are likely to impact the direction of the AUD. (As written on 21 February 2023) I forgot to post last night
Short
by RomanoRnr
2
AUD/USD:Price May Continue to Drop More After First Take ProfitsUOB Group's Economist Lee Sue Ann and Markets Strategist Quek Ser Leang believe that the AUD/USD may experience further declines in the coming weeks. In the short term, they expected the AUD to weaken but were surprised when it dropped significantly lower than anticipated. They predict that the AUD may drop to 0.6550 before stabilizing, and any rebound is likely to stay below 0.6665. Looking ahead, they had previously expected the AUD to trade within a range of 0.6695 and 0.6820. However, if the AUD were to break and stay below 0.6695, it would indicate weakness in the currency. Unfortunately, the AUD has already dropped below several strong support levels and hit a low of 0.6580. Although they expect the AUD to weaken further, they believe that the decline will be slower and major support at 0.6500 may not be reached anytime soon. The downside risk remains as long as the AUD remains below the "strong resistance" level of 0.6700 over the next few days.
Short
by FOREXN1
5
AUD/USD : Simple bearish setup with good R/RHi everyone! The setup on $AUDUSD is very simple and clear and the chart speaks for itself. Technically, the pair could develop a harmonic structure with first target around 0.6670, but the most interesting thing is that this setup has a very good R/R (>1:3) Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Short
by TheAnonymousBanker
13
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
AUD/USD: Shorting between 0.6790-0.6770 Today's release of China's impressive PMI data sparked a large inflow of funds into the yuan, causing the sudden decline of the US dollar index. This is clearly a short-term impact and will not change the overall market trend. Therefore, after this abnormal volatility is exhausted, the market will return to its original rhythm. Regarding the operation of the US dollar index, it is still judged as a short-term opportunity to buy on dips, while for AUD/USD, it is advisable to short on rallies. Based on the market, the following recommendations are given: Short between 0.6790-0.6770, with profit targets at 0.6750, 0.6730, and 0.6700. FX:AUDUSD OANDA:AUDUSD TVC:DXY FX:EURUSD
Short
by investmentMr-X
2