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AUDUSD.P trade ideas

AUDUSD InsightHello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points: - The U.S. December Services PMI came in at 54.1, exceeding both the previous month’s figure and market expectations. - The U.S. November JOLTS report showed 8.1 million job openings, surpassing the previous figure of 7.84 million and the forecast of 7.73 million. - Strong U.S. employment data and robust service sector indicators are interpreted as supporting the Federal Reserve’s decision to halt monetary easing. Markets expect no further rate cuts until at least March. - Japan's Finance Minister Katsunobu Kato stated that the recent forex market has shown unilateral and rapid movements, and appropriate measures will be taken to address excessive volatility. This Week's Major Economic Events: + January 8: U.S. December ADP Nonfarm Employment Change + January 9: Federal Open Market Committee (FOMC) Meeting Minutes + January 10: U.S. December Nonfarm Payrolls and Unemployment Rate AUD/USD Chart Analysis: After confirming a bottom near the 0.62000 level, the pair rebounded and climbed to the 0.63000 level but failed to break through. While there’s still a possibility of a rise toward the 0.63500 level, a break below the 0.62000 level would fully shift the trend to a bearish outlook, potentially targeting the 0.60000 level. Therefore, it’s crucial to monitor whether the 0.62000 level holds as support or is broken during this move.
Long
by shawntime_academy
Bearish Pennant on AUD/USD @ D1A bearish pennant similar to the one we currently see on the NZD/USD chart has also formed on the D1 chart of the AUD/USD pair. As is the case with bearish pennants, it can be used for a bearish breakout setup. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (0.62747), it is placed at the high of the pennant area. My potential take-profit level is marked with the green line (0.60961), it is placed at the pole's length below the stop-loss. I will wait for a significant close below the pennant's border to consider trading this breakout.
Short
by AndriyMoraru
AUD/USD will go upThe price has breakout the short term down trend line and stand up on the group of MAs. Guppy EMAs are processing gold cross now. MACD divergency displayed in 4 hours timeframe. It is moving up to the long term down trend channel top line area, there would be possibility to break up the down trend channel and move to North. There would be some sideway shocking in following time, so, we could entry long in multiple positions. If the direction going wrong (continue south), it still has chance to safely close the long trades.
Long
by ChinaHelloWorld
3
AUDUSD – Any Chance of a Rebound From 2 Year Lows?AUDUSD’s near 11% fall from late September highs at 0.6942 to the December 31st low at 0.6179 has been an extraordinary, almost one way move, where a series of broader based AUD negative factors and USD positive factors combined to create a perfect downside storm. Those negative AUD factors include a slowdown in the economy of key trading partner China, the threat of a global trade war as Trump takes office on January 20th, and a central bank (RBA) who shifted towards a more dovish tone at their last meeting in December, although they have yet to cut interest rates, unlike other major central banks. All this at a time the US dollar sees fresh demand after the Federal Reserve (Fed) reined in their expectations for interest rate cuts in 2025, due to resilient economic data and the uncertainty of what Trump’s pro-growth policies and spending may do to US inflation in the short term. Now, as we look ahead to a week packed with important data points, AUDUSD traders get to digest whether the RBA could be persuaded to consider a cut to rates at their next meeting if Wednesday’s monthly CPI print comes in below expectations. They also get to evaluate the strength of the US economy with the release of Tuesday’s ISM Services PMI, alongside the four US labour market releases across the week, which culminates with the release of Non-farm Payrolls on Friday January 10th. So, with all this to ahead of us, is there a chance of a rebound for AUDUSD from its recent 2 year lows? What Do the Charts Show? AUDUSD’s fall from its September highs at 0.6942 reflects an extended phase of weakness that has seen breaks of support at 0.6348/62, which were the April and August 2024 lows, then 0.6270, the October 2023 extreme. This drop has now seen AUDUSD traded at its lowest level since October 2022. This October 2022 low stands at 0.6170 and represents a multi-year downside extreme and as such could be a key area of support. Of course, because it has held and reversed sharp declines previously, doesn’t mean it will do so again, but the closing defence of this level needs to be monitored. Break or Hold? Currently, this is a question that is impossible to answer until we see the support tested and gauge the following price action around this level. Here we wait for either a confirmed closing break, or signs of a hold above the support and a more extended recovery. However, it does represent an important focus for the New Year. What Next If the Support is Broken? This 0.6170 multi-year low represents an important support, so if it does give way on a closing basis, while very dependant of future price trends, it may result in a more prolonged phase of price weakness. As the AUDUSD monthly chart above shows, if the 0.6170 support does give way, focus could then turn to the next important low as a potential support level. This could be marked by the 2020 Covid inspired spike low, which stands at 0.5509. What Next If the Support Holds? So, what could be the resistance levels to watch on the upside if the 0.6170 low holds any further selling? The declining daily Bollinger mid-average currently stands at 0.6296, which can often hold, even reverse attempts at price strength within a downtrend, like that currently evident in AUDUSD. Closing defence of this 0.6296 resistance level should be watched, as a confirmed upside break may reflect the emergence of a more sustained period of strength, and a push to higher levels. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
1
AUDUSD H4 | Bullish Bounce ?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.6217, which is a pullback support close to the 38.2% Fibo retracement. Our take profit will be at 0.6242, a multi-swing high resistance. The stop loss will be placed at 0.6199, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM