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Audusd forex analysis and strategy with Millionaire Logistics fxAudusd forex analysis and strategy with Millionaire Logistics fx Dear Forex traders, trust you are benefitting from the forex analysis we share. Last week we shared our trade idea on eur aud while the trade is yet to reach target, this week our star pair is the Aud Usd. Sentimentally, There have been reports of covid-19 cases in China which has led to the Chinese authorities enforcing a stay at home order in the major district of Shanghai till Tuesday and with Apple considering to increase productions outside China, Also, with the incumbent Prime minister of Australia conceding defeat to the opposition leader and incoming PM, I perceive the administration having a smooth but economically uncertain transition. As regards the first sentiment, China and Australia are a very close trade allies and partners. More so, with the current risk appetite of investors are sentimentally risk aversive as US Stocks seem to be on the decline and Japan's stock saw some rise. Interests may be driving towards shifting to assets of low risk. On the US scene, POTUS has shown intent in having talks with the North Korean President if he is serious, same time looking to deepen economic partnership with Taiwan. Fundamentally, Tuesday 24th is packed with very interesting news event which may cause volatility and trends in the Market such as the FOMC meetings S&P Aux pmi flash. Technically, AudUsd remains in a bearish trend and still trading below the ema. currently, i highlighted a supply zone on the 4hr chart from where price fell to the downside and the demand zone as well. last week saw a bullish correction move. the price is currently at a liquidity level i expect to be swept and if price approaches the supply zone up, i would find a sell entry to trade in line with the trend. I look forward to your contribution and opinion. Thank you for your support on YT.
Short
by MillionaireLogistics
🧅AUDUSD 15M1:5 RR on AUDUSD . Good Luck Trader 💯💯 . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
by MLGONION
AUDUSD DAILY:TARGET 0.6987 DONE,OVERSOLD BUT STILL TARGET 0.6776AUDUSD broke below 0.7134 and hit 0.6987 target. As I said in previous outlook, "Break below 0.7134 potentially target 0.7086 & 0.6987." AUDUSD hit low at 0.6829. Now, AUDUSD rebound and regain 0.6987. There is stiil possibility for a move toward 0.7086, Next resistance at 0.7134, 0.7165 & 0.7266 (former support). Break above 0.7458 would open the way to retest 0.7555, 0.7616 & 0.7662. Anyway, while below 0.7266 still bearish. Break Below 0.6829, bearish continue with target toward 0.6776 & 0.6685.
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by Wahyu_Luck
AUDUSD | New perspectiveThe Aussie staged a rebound on Friday in tandem with other recently hard-hit risk assets, though remains on course for a possible retracement into the major bearish trendline identified on the daily timeframe. Therefore, we are bound to witness two possibilities in the new week as I expect selling opportunities at around 0.705/0.71750 and below the key level at 0.69150 which also welcome a possible counter-trend where buyers could accumulate right above the key level to complete a retracement phase. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
AUDUSDThe Australian dollar broke through significant support during the week, and it looks to me as if we are more likely than not going to go lower. Keep in mind that the Australian dollar is highly sensitive to commodity markets, and therefore global growth. The 0.70 level above should offer resistance as it has been that massive support we have been paying attention to. Because of this, I will be looking for signs of exhaustion anywhere near that area. On the downside, the 0.68 level is an area that could offer a little bit of support.
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by SmoothJB