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Shortaudusd

Continue to decrease today and wait for US-China negotiations🔔🔔🔔 AUD/USD news: ➡️ The AUD/USD pair traded below the 0.6400 level, hovering near its weekly low reached earlier on Friday amid mixed signals. The US Dollar remained firm near a one-month high after the Federal Reserve paused with a hawkish tone on Wednesday, putting downward pressure on the pair. ➡️ This movement occurred as market sentiment improved regarding US-China trade relations ahead of upcoming weekend talks, while the announcement of a new US-UK trade agreement also contributed to the US Dollar’s ​​strength. Personal opinion: ➡️ The DXY has a third consecutive day of gains and shows no signs of stopping due to support from positive US news. Therefore, AUD/USD will continue to be under pressure in the short term. And wait for positive news from the US-China negotiations. ➡️ However, AUD/USD is oversold and there will be a technical pullback before the pair continues its downtrend ➡️ Analyze based on resistance - support levels combined with trend lines and EMA to come up with a suitable strategy Personal Plan: 🔆Price Zone Setup: 👉Sell AUD/USD 0.6410 - 0.6420 ❌SL: 0.6440 | ✅TP: 0.6355 FM wishes you a successful trading day 💰💰💰
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by FM-ForexMastermind
1
SHORT AUDUSDI'm looking for further movement to the downside on AUDUSD, targeting a price level of 0.59784. Price has been bearish since October of last year. There is still a key level residing below 0.59815 that would be of interest to seek out if downside momentum continues. Volume has been decreasing as price started its retracement from 0.61311, price traded back into a fair value gap and proceeded to close below it. I'm currently in a short position, this is a swing trade. Patience is all is takes, let's see if price continues to trend bearish. Let me know your thoughts if it differs from my perspective.
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by CollectCap
1
SHORT AUDUSDKeeping in line with the current bear trend, I would anticipate price looking to reach for levels below 0.62672. Currently short in profit at 42 pips, total target would be for 150. Although we've been ranging for the past two weeks, price has slowly but steadily been shifting downwards. A key area of interest was taken out when we crossed below 0.63500, no real bullish pressure resulted after reaching below that level. Take note that bullish volume strength has been significantly lower compared to the bearish levels. My take is this market is going to keep trending downwards a bit more. Let's see what the next couple of weeks has in store!
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by CollectCap
2
why audusd remains bearish? reasons behind it.The way I see audusd is bearish trend? Why? Yesterday it broke below MA 50 with huge moment, which it was bearish engulfing candle (blue circle). Second reason is macd cross downward and the current value is below 0 (yellow circle). 3rd reason is the future cloud just started into bearish. Senkou a is pointing lower and it is below senkou b (red circle). My personal target is the area with the blue color rectangle. Trade well and wisely
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by HendyHalim
AUDUSD bout to go down underA couple of key factors here need to come into play, inflation figures need to come back worse than expected in July, followed by the fed becoming more hawkish with their monetary policy. Australia will follow suit and hit that cash rate target of 3-4%. Cost of living isn't taking a reprieve and the mining industry isn't saving the australian economy atm. If we see a reversal of QT from the fed we could see a bounce in risk on markets. But for now the USD looks to reign supreme. Shorting the bear flag to 0.6780 with a breakdown in the support we could see a bearish continuation to 0.6100! Things are getting spicy and you're kidding yourself if you think the markets seen the last of volatility. NFA DYOR
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by jakec90
AUDUSD Update, Bias remains short Hi Traders, Here is a quick update on AUDUSD. Price has taken a few days to move but eventually made the move down and I was able to secure 100pips with a small position still running. Looking at price now I see potential for price to retest the broken support and then once again hit a new low, I would like to see the h4 candle close below the resistance in order for my bias to remain short. The target remains the same at 0.68500. Previous analysis in the link. Happy trading Renaldo Philander
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by Tradebudz
AUDUSD Analysis Monthly/Weekly -Price is clearly in an overall bullish trend. But price appears to have become overextended, after a huge breakout (through the trend line) and has since been consolidating preparing to make a possible pullback/retracement. Daily Price has formed a Head and Shoulders (H&S) formation which is a sign of bearish pressure or a possible move to the downside. Remember on the higher timeframe, price has been consolidating, the H&S formation on the daily is a confirmation that price is ready to drop. I am expecting price to make one more attempt to the upside before making the bearish move to the downside. If you draw a Fibonacci from the beginning of the right shoulder to the blue support level where price reversed, you will notice that I am expecting price to make a final push near the 50.0-61.8 fib levels, which correlates with the area arrows I drew. Here is where I'm expecting to enter a sell position.
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by NoCeilingsTrading
1