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Aussiedollarshort

AUD/USD: Watch for a Reversal with RBA Decision AUD/USD continues to hit new yearly highs as risk sentiment improves following the FOMC’s 50-basis-point rate cut last week and today’s Reserve Bank of Australia (RBA) meeting, where no rate change is expected. However, a dovish tilt from the RBA meeting notes could shift the pair’s momentum, with the 200-Day Moving Average acting as a key level to watch. Also, keep an eye on the RSI, which is nearing the overbought zone at 70 on the daily chart. Beyond the RBA decision later today, Australian inflation data is set for release tomorrow, with headline inflation expected to drop sharply from 3.5% to 3.1%.
by BlackBull_Markets
AUD/USD Eyes Key Data After Breaking 0.6600AUD/USD Eyes Key Data After Breaking 0.6600 The AUD/USD extended its rally passed the critical 0.6600 mark to hit new three-week highs. Traders now turn their attention to the upcoming Australian Consumer Inflation Expectations and Unemployment. The pair faces immediate resistance at the 200-day moving average, followed by the 0.668 level. On the downside, initial support could be the 100-day moving average, with further backing at the 50-day moving average. In the U.S., the spotlight shifts to the July Consumer Price Index (CPI) due Wednesday. Earlier today, the Producer Price Index (PPI) data showed a 2.2% year-over-year increase for July, down from the 2.7% rise in June. PPI often acts as an early indicator for upcoming CPI inflation. Market participants are currently pricing in a roughly 54% chance of a 50-basis-point Fed rate cut in September, a probability that could increase following the PPI data.
by BlackBull_Markets
🦘🦘 Aussie Kangaroo Returns Home In The OutbackThe Australian dollar has been taking a bath. It’s gone from buying 71 US cents at the beginning of the year to netting you just 63.3 US cents against the benchmark greenback. The dollar is down over the last year against most currencies, and down over the past few weeks against almost every currency. The humble Aussie dollar is suffering in particular against European currencies: Pound Sterling, the Swiss Franc and the Euro. However, even in Japan where the AUD is up over the year so far, it is down in recent weeks. What’s going on? The answer is two-fold. 👉 America’s economy is stronger than expected. And China is weaker, so Chinese yuan has little to no chance of dethroning the US dollar, even as global de-dollarization happens. 👉 Australia gets hit on both of those trades. Difference between 10-Year United States and Australian Govt Debt becomes lower Technical graph for FX:AUDUSD indicates that Aussie has a lot down to deliver.
by Pandorra
2
High Stakes: RBA rate decision vs. Melbourne Cup We are about 8 hours away from the latest Reserve Bank of Australia interest rate decision. That decision is due on Tuesday at 2:30 pm (local Aussie time), a couple of hours before the country's biggest horse race, the Melbourne Cup ($8 million in prize money) is set to take place. But perhaps the more exciting match ups will be occurring in the forex market. Currently, the market is thinking there is a 70% chance of a 25-basis points hike because of the RBA governor's rhetoric that the bank would "not hesitate to raise the cash rate further" if inflation was higher than expected (which it was in its last quarterly reading). The 30% chance of no hike is possibly driven by concerns about mortgage stress in the country after the post-COVID 12 cash rate increases. On the flip side of some potential AUD trades, we have expectations for the US Fed and the European Central Bank (ECB) enacting a 25-basis points cut by June next year. Weaker-than-expected NFP figures in the U.S. last Friday bolstered expectations that the Fed was done with its tightening campaign and pulled the AUD/USD up past 0.64900 from 0.64400. This makes me question whether the upside to the AUD/USD is all played out. Moments after the interest rate announcement will be crucial to see which direction the market wants to take. If the RBA does enact a hike today, concerns about mortgage stress in Australia might induce the pair to revisit some of the levels the pair traversed last Friday during its climb just before market close.
by BlackBull_Markets
AUDUSD ... SHORTThe Australian Dollar US Dollar Cross has continued to dip Bearish. From our All Round Analyst session, we were able to spot this bearish dive early enough and have continued to ride the rollercoaster bearish. Market is likely to make a pullback bullish soon. This will allow us another opportunity to be part of this bearish push. Where the bullish pullback commences, we expect proces to coem into our 1 hour supply zone. When that happens, we will begin to look for bearish reversals to confirm our entry on the trade. BIAS: BEARISH
Short
by PanzyPips
AUDJPY is impending reversal SHORTOn the one-hour chart, AUDJPY is in the area of overhead resistance and the supply zone. Both the zero-lag MACD is showing bearish divergence. The mass index indicator has already given a reversal signal where mathematically the indicator goes over 27 and then triggers when it crosses down on 26.5 This indicator often misses a reversal but seldomly generates false signals. Japan has had rock-solid central bank actions and policies perhaps propping up the currency value in comparison with others including the Australian dollar. Overall, I have high confidence in a short leveraged forex trade of the pair at this time. The stop loss is just above the red supply zone while the target is just above the POC line of the volume profile yielding a trade with a reward for risk of over 20.
Short
by AwesomeAvani
AUD/USD Short IdeaHello Traders, I am anticipating downside for the Aussie, based on a few technical points. 1. Daily channel (Dark Blue Line) was broken on 4H and retested last week for a leg lower. 2. 50 EMA is currently being tested and holding as resistance on the 4H TF. 3. Lots of confluence in the light orange rectangular box which is a previous supply zone & price is now just above the 50% fib level. 4. Bullish PA has stalled which can be transitioning for incoming selling pressure. Also, XAU/USD has been absolutely slaughtered and the Aussie has yet to show any big sell off as gold is one of their top exported commodities. Feel free to share your thoughts, thank you.
Short
by UnknownUnicorn12403322
2
AW Aussie Dollar Analysis - Short Trade Opportunity Chart...Here are the details for the short trade, details in video linked below in related ideas. Entry: At Market (Already Confirmed) Stop: .69985 Target: .61732 Risk Reward Ratio: 9.39 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Short
by AriasWave
1
AW Aussie Dollar Analysis - Short Trade Opportunity...I believe the Euro will fall lower percentage wise but if you like trading the Aussie Dollar and like AriasWave analysis this is for you. Structurally Aussie will only mov down to the lows to complete the Zig-Zag since early 2021 in Wave (C). Entry: At Market (Already Confirmed) Target: .61715 Stop: .69985 Risk Reward: 9.39 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Short
by AriasWave
1
Good Aussie Sell Off!I previously collected -347 pips ( -5%) from AUDUSD, market came and retested my support area ( now resistance area) around 0.65264 signaling more weakness to come. Any retest should be seen as a selling opportunity, I expect market to fall towards 0.61300, a -275 pips (-4.3%) move from market current position. Despite a strong start in July, the Australian Dollar fell against the US Dollar in August and September, extending the downward trend established in April when prices hit the highest level since June 2021 before selling off. AUD/USD closed out September with a loss of around 4% after the US Dollar surged against its major peers.
Short
by xavierNF