AUD at Round FigureI would look for rejection from 1.40 level on USDAUD. It means long in AUDUSD.
Trading round figures on inverted charts (placing stops beyond round figures and targets a few pips below above round figure) is the way to go. It put odds in your favour, as price always struggles at those levels.
Currency markets are driven not as much as by individual banks but by the international economies, multi billion global market. A single interntional bank or two will not influence price or hunt your stops. The global market trades off round figures and they should be watched.
Usdaud
AUDUSD : PRICE ACTION D1 TIMEFRAME - PRICE IS FALLING ! 🔔Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action !
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AUDUSD : PRICE ACTION D1 TIMEFRAME - PRICE WILL FALL ! 🔔Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action !
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Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Strategy : HEAD AND SHOULDER
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AUDUSD: Will Bears Succeed this time ?On this one, we saw that last week the price went into a bearish movement then it bounced back up. This time will the bears win the battle ? If they do, it means that our trendline shall be retested as the price is sitting around a resistance and we will sell it on it's break downward.
Next step for AUDUSD?Whilst the USD has gained some ground back from it's 12 month decline AUD is still bullish.
After retracing it has finally broken the resistance level.
If we can retest this level I will look for a trend continuation trade to the next highs. Simple trade idea backed up with AUD strength across the board.
What do you think? Can AUD continue it's bullish push?
8 Good Reasons To Short USDFive world-class investors that are bearish on USD...
1) Ray Dalio
“You can’t continue to run deficits, sell debt or print money rather than be productive and sustain that over a period of time. If we don’t work together to do the sound things, to be productive, to earn more than we spend, to build the stability of our currency and build a good balance sheet, we are going to decline."
www.marketwatch.com
2) Stephen Roach
"The US dollar could collapse by the end of 2021 and the economy can expect a more than 50% chance of a double-dip recession" “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit” “The dollar is going to fall very, very sharply.”
markets.businessinsider.com
3) Hugh Hendry
“When I look at the world of macro, I think it’s telling us that we need a lower print on the dollar itself.” “I think we need the Treasury, and not the Fed, to step up to the plate and tell the world ‘we’re going to target 70 or 60 on the dollar index.’ That would change the world.”
www.cnbc.com
4) Warren Buffet
"The rest of the world owns $10 trillion of us, or $3 trillion net." "If lots of people try to leave the market, we'll have chaos because they won't get through the door." "If we have the same policies, the dollar will go down."
moneyweek.com
5) Ulf Lindahl
will plunge 36% against the euro over the next year or so, taking it to levels it has not seen in more than a decade, and “is the beginning of a very large move.”
www.reuters.com
Note: Analysts from Citi, Goldman Sachs, and BlackRock are also bearish on USD
www.aljazeera.com
markets.businessinsider.com
www.reuters.com
USDAUD Continues its DiveAnd that is not a surprise really. In the face of equities, commodities rising, we can expect some liquidity (USD) problems. These might accelerate as the first few months of 2021 come to pass. The negative trend continues since the last time we have reviewed USDAUD about a month ago. Now we are aiming for 1.26, 1.25 and 1.24, invalidation is in red as usual. Also note the momentum drop evident on the RSI.
Short on USDAUD.Earlier suspicions of this pair rising have not proven to be fruitful, and we are infact continuing our drop with this pair. RSI Momentum is dropping and we have somewhat of a price drop as well. Fib goals are at 1.362, 1.359 and then at 1.357. Invalidation seems a far way away. Not financial advice.