Usdaud
AUDUSD - Looking Long AUDUSD Finding support around the 0.75000 region, making HH and HL's - Looking poised to get to 0.7600.
Daily Rejection looking solid, with the strong bullish close on the 4H. WIthin the descenting channel - looking to test the topside of the channel. A breakthrough of the channel high (0.76500) would lead to further gains in my opinion.
Patiently waiting for next week to play out. Let me know your thoughts.
AUDUSD moving up after jammingAUDUSD Daily Chart
There's jamming at the price. I think it will move up after horizontal motion for a while.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Short USD/AUD OpportunityWith US inflation pushing up bond yields, real rates, as well as what appears to be a more hawkish US Fed how should investors & traders play the USD/AUD
Our Macro Models point to real reate differentials being negative between the US & Australia yet the AUD has been resiliient
Negative real rate differentials coupled with Australia's accumulation of debt will put downward pressure on the USD/AUD pair.
Additionally, the RBA has commented "Increases in commodity prices have supported the Australian dollar over this period,
while a narrowing of interest rate differentials between government bonds in Australia and those in other economies have worked in the
other direction."
In this case, the RBA notes that the AUD is vulnerable against the USD due to negative interest rate differentials between the US & Austrialia.
Therefore, Quantamize highlights selling AUD & buying USD would be a favorable trade to a multi-asset portfolio or an FX trader.
For more insights check out our profile! And as always, feel free to leave any comments or questions.
Weekly Perspective (AUDUSD),(USDAUD)hey guys,
The pair is forming a trend continuation pattern to the downside having strong potential southwards.Wait for confirmation on the smaller time frame for the perfect entry.Current we see that the bias is bearish & the pair is in a downtrend of the corrective structure.Another entry can be on the breakout if you are a breakout trader both strategies work well unless you know how to execute it.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing Forex Team
USD/AUD Buy SetupUSD/AUD is moving within an uptrend. This Pair has formed a 5 wave corrective Structure to the ascending Trendline. Now I'll wait for a completion of this 5 Wave Corrective Structure and enter my long Position after a breakout to the upside.
Trade safe, Daniel
Likes and comments are appreciated and would keep me motivated
USDAUD Short!Over that past month USDAUS has been quite volatile and with recent trends of the month shows that the current price is really high compared to past Trends so My Prediction is for short. @ 1.3180 once it reaches this figure I think you'll find an increase in price and market to recover slightly but not by a huge margin. Expect more Volatility in this Market so be careful when trading.