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Aussiedollar

ridethepig | AUD Market Commentary 2020.10.21🔸 AUDUSD - Market Commentary 2020.10.21 The following play is aiming for a test of 70c; after a very dovish RBA earlier in the week opening the window for negative rates, we have some more downside to play. Wellll done all those selling AUDCAD , AUDUSD and AUDCNH . Volatility is going to continue to expand as we enter into the elections which will weigh heavily on AUD and NZD to a lesser extent. The play towards 70c can be opened by a fresh zig-zag from sellers. Such a move should never be played without being aware where we are wrong and measuring with certain effectiveness the bang for our buck. The downside is made possible via USD finding a temporary bid for ultimate safe-haven flows. We must recognise the dollar as the reserve currency and give it credit where credit is due. For the technical flows, looking for an eventual test of 0.700x/0.699x while invalidation above comes with a closing basis through 0.711x. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by ridethepig
2
Aussie Ichimoku Long SetupThis pair had an attempted kumo breakout and bullish kumo twist before falling back down into the kumo. I am looking for a kumo breakout to confirm an entry for a chance to get long. If we can get that breakout and jump up past our previous resistance we saw last week then this will be one to hold for the week. I've drawn out some partial take profit levels on the way to my overall target. If we fail to get that kumo breakout or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
Australian Dollar S T R E T C H E D Interesting price action today - as the US Dollar ( DXY ) was rising marginally so was the Aussie Dollar - while the Euro , CAD, British Pound all moved lower. After a month long accumulation - The Aussie broke out rising more than a cent - on the last Friday of August, and continued to move after hours. Today's price appears to be a stop run, before the market turns and go the other direction. This is a situation where you want to watch their hips not their eyes. We are outside recent value - this trade idea is that we return to value clean up the weak price structure. The second target is to the other side of value and clean more of this price structure. The US Dollar is skipping at the bottom of a channel - but its holding. Fund managers are adding to their net long positions - all pointing to lower Aussie Dollar prices. BLOOMBERG: 8-28-2020 EQUITY FUND MANAGERS RAISE S&P 500 CME NET LONG POSITION BY 9,213 CONTRACTS TO 144,877 IN WEEK TO AUG 25 FOR USD Speculators are short USD.
CME:6A1!
by Maximilianned
AUSUSD (Y20.P4.E1).Short term TA.Hi All, Looking at the Aussie dollar against the USD, we can see on the daily that we have downward pressure along with the bearish divergence playing out. I have 2 levels as a point of interest. The 0.5 fib retracement and 0.618 fib as one can see that this has confluence with the wedge breakout target, and along with the daily EMA levels. USD (DXY) is currently going sideways and potentially breaking the near resistance as the chart below. This is no surprise as the stock markets and asia markets \ Aussie stock market dropped a few % yesterday. Lets see how things are in the coming days and weeks turn out. Cheers, S.SAri. MACRO structure USD index
Long
by ssari
10
GBPAUD - Bearish Confluences Multiple bearish confluences are presented on GBPAUD. First and foremost from a fundamental perspective, we observed an extremely bearish Pound over the course of Monday's trading sessions. Whether the pound's weakness will continue I am uncertain, but in the short term it appears the likely direction given the current state of the Brexit/Coronavirus affairs. From a technical perspective, at CMP we are resisted by the 200 EMA in line with the descending trendline. The highlighted grey zone illustrates an area of previous support-turned-resistance which price has remained below since. Price is currently resting on a support level from July however should this break we may see a drop to the 2020 low at around the 1.75 psychological. I will be assessing this pair during Tuesday's London session for a potential entry.
Short
by MMQ_FX