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Aussiedollar

ridethepig | AUD 2019 In ReviewHere we go with an update to AUD as we enter in 1H20. Consumers remain the key to the flows here, in my books markets overpriced odds of another cut from RBA in Feb 2020 ahead of income tax cuts in the middle of the year to stimulate the recovery. After RBNZ surprise hold in Q419, NZD was able to sustain a strong bid. After AUD unemployment came in better than expected, smart money is tracking for the same course of action from RBA and AUD. The shape of the Long-term Macro chart: The housing market continues to rise with a lack of supply entering into expectation plays by 2021 via declining vacancies and higher rental prices. The low rates will act as a catalyst for price growth. On the Corporate side , with PBoC using AUD to arbitrage the trade war business investment will continue to pick up in 2020. Scott Morrison will keep public infrastructure at high levels, while the weaker AUD in 2019 will continue to help exports. Unemployment has shown signs of improving, spare capacity will last till end 2021 and keep inflation via wages benign. This is supportive of RBA remaining on hold and here betting on no further easing as long as macro conditions show signs of improvement and stability. Dollar bear case: Australia / New Zealand: Forecast summary We can continue to update this thread over the coming Weeks, Months and Quarters so feel free to jump in with your idea generation to further the discussion for all. Thanks for keeping the support coming with likes, comments and etc!!
Long
by ridethepig
1
AUDUSD Finally Broke Out of Its Long Term Trend Line! AUDUSD Broke Out of The Down Trend Line on The Higher Time Frame, The Market Is Already Making Higher Highs And Higher Lowes, The Daily TF Retraced Back Already To The Backside of The Trend Line Forming A Bullish Candlestick Formation With A CTL Break, If It Goes Up Now (Technically It Should But Nothing IS Certain) I Believe Its Going Up To The Next High, Then After That The Market Has A High Probability To Come Back Down Creating A Right Tip of The crown Before It Goes Up Higher.
Long
by ElyaStein
ridethepig | AUD Macro Map 2020Lets get started... On the macro side, RBA expected to cut once more in Feb to 0.5% and the rate cycle is already over. If data continues to improve and follow the solid unemployment prints we saw last week, then they will have missed the boat to cut once more as income tax cut later in the year. This will be enough to keep AUD in bid over 2020 and 2021 with a clean zig zag trading-wise. A quick update to the Macro Chartbook : PBOC Floor via China arbitrage : On the USD side: Commodity currencies are equally sensitive to global risk sentiment flows. NZD coughed and struggled to take back 0.63x however with RBNZ Nov cuts overpriced and extended I like entering NZD$ longs at market with a 0.618x stop. The same flows are in play for AUD; looking for the 0.6725 support to hold with all eyes on the employment print. On the technical side for AUDUSD, we have traded many entries and additional loading opportunities live here on Tradingview. For those following the flows so far: Rally set to continue in the New Year : I will continue to update this thread over the coming Weeks, Months and Quarters so feel free to jump in with your idea generation and we can further the discussion for all. Thanks for keeping the support coming with likes, comments and etc!
Long
by ridethepig
2
AUD/USD Remains Depressed The AUD/USD made a bearish bounce from the previous high 0.6938, which has created a double top chart pattern. There is also the 61.8% Fibonacci retracement level right there as well, showing that area to be very difficult to overcome but if we can do so, that should send this market much higher. It looks as if the Australian dollar is trying to rally longer-term, as we move back and forth via the US/China trade deal. The 50-day SMA is starting to turn to the upside and could offer a significant amount of support. A break above it could send this market towards the 200-day SMA (0.6907) and the above-mentioned key resistance area. A sustainable movement above 0.6938 will extend the rebound from 0.6670 to 100% projection of 0.6670 to 0.6929 from 0.6754 at 0.7013 next. While deeper retreat could be seen, further rise remains mildly in favor as long as 0.6800 support holds. However, a clear break of 0.6800 will turn bias back to the downside for re-test 0.6754 support instead. Feel free to share your thought in the comment section bellow.
by ForexTrendline
1
AUD/USD: Swingtrade-Opportunity#NICE R-RHey tradomaniacs, welcome to another free signal! Important: After the retest of the secondary trendline AUD/USD was breakingh out I expect the market to retrace this strong momentum in order to conbtinue the primary trend of the daily chart. Wait for the retest and rejection of the horizontal Resistance-Area before you sell. Type: Swingtrade Market Sell: 0,68660 Stop-Loss: 0,69010 Target 1: 0,68330 Target 2: 0,67960 Target 3: 0,67610 Stop-Loss: 35.0 pips Risk: 1-2% Risk-Reward: 3,0 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
Aussie Bearish Move - AUD/USD Ichimoku Short TradeThis pair struggled to break the kumo before finally getting the push out towards the end of last week. I am looking for a retest of the edge of the kumo and price structure to form a good rejection candle to enter my sell. I've drawn out a couple targets but you can see the major price structure level I'm aiming for that lines up with the flat bottom of a previous kumo. If we fail to get the drawback to our entry level or if our bearish confirmations change, then this setup may become invalidated.
Short
by The808Trader
AUDCAD buy 1 & 2 hitSo im looking for another move up. We are holding support at a very important level on the 4H. I see us going up another level to 127 or 161 fib ext. Intraday traders risk trade here Fakeout entries and a good pullback to pickup orders between the impulse space is still possible so buyers are watching and sitting at the breakout point. We have a bullish flat pennant. INV head n shoulder inside a 3 - 5 higher "W" leg formation and a 4H impulse right this second trying for the 3rd time to break the intraday buyers point of watch. We also have divergence on 4HR frame going into bullish stochastic. The tighter and more slim the ABCD move the faster we lose momentum. The wider and more consolidation the more strength there is built for the pivot move that happens. I am bullish to the sell zone and bearish when we get there. I am bullish longterm AUD any chance I can. :) Thoughts? Simple analysis and quick for everyone to see and view. Much love. Trade safely. Manage Risk as always! Comment / Like / Support please
Long
by AschraM
ORBEX: RBA Stays Put, Keeps Inflation Outlook Unchanged!In today’s #marketinsights video recording, I talk mainly about #RBA and why #Aussie in somewhat bid and I also touch #eurodollar. #AUDUSD, despite yesterday's slide and regardless of trade war narratives, was pushed higher earlier in the session on the back of RBA's hold. The pair was supported as the bank kept the inflation outlook unchanged and reiterated that the economy is indeed in a changing state. That, of course, gave hope to investors and the like. #EURUSD on the other hand, also weak yesterday on the back of a stronger dollar, remains under pressure as Euro Area PMIs remain far from expansion. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex