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Australiandollar

Market Analysis: AUD/USD Gains Pace, Bulls Are Back?Market Analysis: AUD/USD Gains Pace, Bulls Are Back? AUD/USD started a decent increase above the 0.6150 and 0.6200 levels. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar rebounded after forming a base above the 0.6000 level against the US Dollar. - There is a connecting bullish trend line forming with support at 0.6260 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.5940 support. The Aussie Dollar was able to clear the 0.6065 resistance to move into a positive zone against the US Dollar. There was a close above the 0.6200 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6315 zone. A high was formed near 0.6314 and the pair recently started a consolidation phase. There was a move below the 0.6300 level. The pair remained above the 23.6% Fib retracement level of the upward move from the 0.5913 swing low to the 0.6314 high. On the downside, initial support is near the 0.6260 level. There is also a connecting bullish trend line forming with support at 0.6260. The next major support is near the 0.6220 zone. If there is a downside break below the 0.6220 support, the pair could extend its decline toward the 0.6205 level. Any more losses might signal a move toward 0.6065 and the 61.8% Fib retracement level of the upward move from the 0.5913 swing low to the 0.6314 high. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6315. The first major resistance might be 0.6340. An upside break above the 0.6340 resistance might send the pair further higher. The next major resistance is near the 0.6385 level. Any more gains could clear the path for a move toward the 0.6450 resistance zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
AUDCAD Excellent Channel Down bottom opportunity.The AUDCAD pair has been trading within a long-term Channel Down since the January 26 2023 High and the recent Trade War fueled sell-off took the price almost on its bottom (Lower Lows trend-line). The 1D RSI got vastly oversold at 14.00 and a bottom is to be expected within the next 2 weeks. Still, this level is low enough to be considered a solid long-term buy opportunity already. The previous bottom rebound targeted initially the 0.5 Fibonacci retracement level, so our target is 0.88850 on the medium-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
No Rate Hike, No Mercy – AUD/USD Selling in Style!Riding the wave of bearish structure, AUD/USD continues to follow the macro trend with laser precision. After the RBA held rates steady, we’re seeing the typical post-news dump play out—fueled by the market’s disappointment and reduced sentiment. Technically, price respected the 4H Fair Value Gap (FVG) and showed strong displacement to the downside, confirming continuation. Key Targets: 🔻 0.62311 – Minor liquidity 🔻 0.62185 – 1H Sell-side liquidity 🔻 0.61703 – Ultimate short-term sell-side target Expecting the market to bleed lower unless major fundamentals flip the bias. Until then... the trend is your bestie. DYOR 🧠📉
Short
by INSIDER_INTEL
Why the RBA should cut rates todayThe Reserve Bank of Australia should cut rates today, argues James Glynn in the Wall Street Journal . Markets, however, expect the central bank to wait until May for its next move. RBA Governor Michele Bullock remains cautious, citing lingering inflation. But Glynn contends that global uncertainty now outweighs the RBA’s desire to wait for marginal improvements in inflation data. That uncertainty is set to escalate this Wednesday, with the Trump administration announcing sweeping tariffs on U.S. trading partners—likely triggering retaliatory measures. Andrew Boak, chief economist at Goldman Sachs Australia, appears to support Glynn’s view: “There are costs to waiting until May to cut. Waiting is not always a virtue.” Is Glynn simply chasing a contrarian headline or is there actually a possibility the RBA could act today?
by BlackBull_Markets
AUDJPY This Golden Cross is the signal for selling.The AUDJPY pair gave us last time (February 19, see chart below) an excellent sell signal that easily hit our 93.750 Target and bottom of the Bearish Megaphone: The market is about to complete a 4H Golden Cross and last time it did (January 07 2025), it formed a Top. That was also after a Channel Up that started following an almost -6% decline. Notice how the 1D RSI patterns among the two fractals are similar. The bearish sequence that followed the previous 4H Golden Cross hit the 1.236 Fibonacci extension. As a result, we expect to see 91.000 by May. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Market Analysis: AUD/USD Could Continue HigherMarket Analysis: AUD/USD Could Continue Higher AUD/USD is correcting gains from the 0.6365 zone. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar started a downside correction from 0.6365 against the US Dollar. - There is a key bullish trend line forming with support at 0.6300 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6185 support. The Aussie Dollar was able to clear the 0.62550 resistance to move into a positive zone against the US Dollar. There was a close above the 0.6275 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6365 zone. A high was formed near 0.6363 and the pair is now correcting gains. There was a move below the 0.6320 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6186 swing low to the 0.6363 high. On the downside, initial support is near a key bullish trend line at 0.6300. The next major support is near the 50% Fib retracement level of the upward move from the 0.6186 swing low to the 0.6363 high at 0.6274. If there is a downside break below the 0.6270 support, the pair could extend its decline toward the 0.6255 level. Any more losses might signal a move toward 0.6185. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6320. The first major resistance might be 0.6365. An upside break above the 0.6365 resistance might send the pair further higher. The next major resistance is near the 0.6420 level. Any more gains could clear the path for a move toward the 0.6450 resistance zone. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
AUDUSD Bullish break-out signalThe AUDUSD pair has been trading within a Channel Up pattern for the whole month of February and since yesterday it is making a bounce on the 4H MA50 (blue trend-line). Today it broke above the previous High and this is a bullish break-out signal. The previous Bullish Leg that rebounded on the 4H MA200 (orange trend-line) and broke above its previous High, targeted the 1.382 Fibonacci extension. With the presence of an Inner Higher Highs trend-line, we expect the pair to hit the 1.382 Fib at 0.64250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
AUDJPY Sell signal below the 4H MA50.The AUDJPY pair has been trading within a Bearish Megaphone and is currently going sideways within the 4H MA200 (orange trend-line) and 4H MA50 (blue trend-line). Every time the latter broke to the downside, the pattern started its new Bearish Leg. Assuming it hits at least the 1.236 Fibonacci extension like the first Bearish Leg, we are looking at a short-term Target of 93.750, if the 4H MA50 breaks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUDCAD: Bearish Cross kickstarting a decline.AUDCAD is practically neutral on its 1D technical outlook (RSI = 55.879, MACD = 0.001, ADX = 33.394) and got rejected on both the 1D MA100 and MA200 that formed a Bearish Cross. The Channel Down mimics the June 30th 2023 Cross that then pushed the price to the bottom of the Rectangle on the 1.382 Fibonacci extension. Go short, TP = 0.86600. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
AUD/USD: Australian Dollar Strengthens Ahead of RBA DesicionThe Australian dollar has been rising, gaining around 1.5% over the past three sessions against the U.S. dollar. The current bullish movement continues as the market awaits the Reserve Bank of Australia's (RBA) decision in the coming hours. The RBA is expected to cut interest rates by 25 basis points , bringing the new rate to 4.1%. However, the market has already priced in this decision, as expectations for a rate cut have been consistent for several days. This has allowed upward momentum to persist, as any bearish reaction to the RBA's move may have already been absorbed into the price. Additionally, as the trade war between the U.S. and China escalates, Australia's economic ties with China have strengthened, boosting confidence in the region and supporting a bullish outlook for the Australian dollar. Breakout from Sideways Range Until recently, AUD/USD had been trading within a key range, with resistance at 0.62923 and support at 0.61929. But the recent bullish move has broken through this resistance, leading to stronger buying pressure in the short term. As long as price remains above the upper boundary of this range, the Australian dollar could maintain its upward momentum in the near term. RSI Indicator: Overbought Signals? Not everything is bullish, as the RSI indicator is now approaching 70, the overbought zone. If the RSI remains above this level for the next few sessions, it could signal an imbalance between buyers and sellers, as well as the potential for short-term selling corrections. Key Levels to Watch: 0.61929 – Distant Support: Lower boundary of the previous range. Frequent price oscillations at this level could revive the previous downtrend seen since September 2024. 0.62923 – Key Support: Aligns with the Ichimoku Cloud barrier and the 50-period Simple Moving Average (SMA). A tentative level where short-term bearish corrections could occur. 0.64323 – Major Resistance: Corresponds to the 38.2% Fibonacci retracement level. If the bullish bias pushes price toward this level, it could signal the beginning of a stronger uptrend in the short term. By Julian Pineda, CFA – Market Analyst
by FOREXcom
AUDUSD Has it found Support?The AUDUSD pair gave us an excellent sell signal on our September 18 2024 bearish call (see chart below), which went straight to the 0.63750 Target within the time-frame we expected: This time we are looking at a potential Support rebound as the price appears to have made a bottom on the 2-year Channel Down Lower Lows trend-line. Based on the upcoming 1W MACD Bullish Cross and the 1D RSI symmetrical positioning, we might be starting a rally similar to October 31 2023 during the last Lower Low. This rose by +3.82% before pulling back to the 1D MA50 (blue trend-line) again, so our short-term Target is 0.63500. Beyond that, we need to observe whether the 1D MA200 (orange trend-line holds or not, in order to engage in buying break-outs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
AUDJPY: 2 month range calls for a reboundAUDJPY is neutral on its 1D technical outlook (RSI = 45.920, MACD = -0.220, ADX = 20.692) as it is trading inside a Rectangle pattern. The price hit the pattern's bottom yesterday and today is rebounding towards the 4H MA50, already hitting the 0.382 Fibonacci retracement level. Such rebounds have always reached the 0.786 Fib at least, so with the 4H RSI also rebounding perfectly from the oversold area, we expect to test the 0.786 Fib again (TP = 98.385). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
AUDUSD - 4H Why we need to Buy?!The FX:AUDUSD has shown strong bullish momentum after hunting liquidity below the 2022 low on the daily and weekly timeframes. ✅ Breakout & Retest: The pair successfully broke the descending channel's resistance and is now pulling back to the breakout zone, confirming its strength. ✅ Higher High Formation: A higher high structure supports the bullish bias, indicating potential continuation towards previous highs and beyond. 📌 I expect another bullish push from this key support zone. 🔔 Follow for real-time updates!
Long
by Sober_Trading
AUDCHF Having a strong rebound on the 1.5 year Support.Last time we looked at AUDCHF (October 01 2024, see chart below), we took a long-term short trade based on the multi-year Channel Down: The 0.56000 Target got hit and yet again the 1.5 year Support Zone (since August 2023) held. Sooner or later, this demand zone should break the pattern upwards and reverse the bearish trend. Until then, we can continue buying on the Support Zone and target the Lower Highs. This time that trend-line happens to be where the 1W MA50 (blue trend-line) is headed at, so our Target is now 0.58000. Apart from the Support Zone, we will only buy if the price breaks above Resistance 1, which will be past a Channel Down bullish break-out also, and target the 1W MA200 (orange trend-line) and Resistance 2 at 0.61000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURAUD The 1D MA50 is the sell signalThe EURAUD pair had been trading within a Channel Down pattern since the August 17 2023 High. At the moment it has made a direct Lower High (December 27 2024) at the top of the pattern but the rejection is contained above the 1D MA50 (blue trend-line). That is the sell confirmation level as whenever this broke after a Lower High, we had a bearish signal. As a result, wait for a bearish break-out and then sell, targeting the 1W MA300 (red trend-line) at 1.61000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUD/USD: Neutrality Emerges in the Bearish ChannelThe dominance of the US dollar, driven by expectations of a high interest rate (4.5%) from the Federal Reserve as the annual CPI (2.9%) remains far from the 2% target , has weakened the Australian dollar in the short term. The AUD/USD has lost 11% of its value since late September 2024, and for now, neutrality has taken over the market as the next Federal Reserve decision (January 29) approaches. Bearish Channel The bearish channel stands out as the most significant technical formation on the chart currently. The price has consistently adhered to oscillations between the channel’s upper and lower boundaries. However, recent minor bullish corrections have led to price stagnation near the support zone, which aligns with the channel's current upper boundary. Over time, this could challenge the integrity of the bearish formation, particularly if short-term buying pressure continues to build. Neutral Movements The ADX indicator line remains above the neutral zone of 20 but has started to decline steadily from its recent highs in the 40 range. The TRIX line continues to oscillate below the neutral 0 zone, indicating that the average movements of the exponential moving averages have been predominantly bearish. However, the line’s slope has turned positive and is gradually approaching the neutral zone in the short term. Both indicator trends suggest that the long bearish momentum might be experiencing a period of exhaustion, coinciding with the neutrality generated by the current support zone. If this effect persists, the existing bearish channel may struggle to generate new lows in the coming sessions. Key Levels 0.62906: Current resistance level. Persistent oscillations near this level could ultimately invalidate the current bearish channel formation dominating the chart. 0.61929: A key support level, responsible for halting the long bearish trend. It aligns with recent weekly lows and the upper boundary of the bearish channel. Sustained oscillations below this level could signal a new phase of selling pressure and revive the current bearish trend. By Julian Pineda, CFA - Market Analyst
by FOREXcom