AUD/USD Bearish Reversal SetupAUD/USD Bearish Setup:
Price is showing rejection near resistance around 0.65600 and has broken below the rising channel. A retest of the broken trendline may lead to a drop towards the support zone at 0.65307, and potentially further to the demand zone around 0.65057–0.65000.
About Australian Dollar / U.S. Dollar
The Australian Dollar and the US Dollar pair belong the Majors, a group of the most popular traded pairs in the world. This pair's popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide.
Related currencies
AUDUSD Bull Flag developing Trend Overview:
The AUDUSD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.6465 (p
Could the Aussie reverse from here?The price is rising towards the pivot and could drop to the 1st support.
Pivot: 0.6598
1st Support: 0.6548
1st Resistance: 0.6628
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs
AUDUSD → Pre-breakout consolidation for trend continuationFX:AUDUSD may continue its upward trend. After another local distribution, the currency pair is consolidating and may repeat the cycle
The dollar index continues to fall, the global trend is clear, and the price is testing multi-year lows. After yesterday's speech by Powell, the decline may in
AUDUSD: Bullish Continuation After Breakout 🇦🇺🇺🇸
AUDUSD is going to rise more following a bullish breakout
of a key daily/intraday horizontal resistance.
Next goal - 0.66
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AUDUSD Bullish Ready for long position**Description (AUD/USD Long Setup):**
This is a 1-hour chart of **AUD/USD**, showing a textbook **bullish continuation setup**. The price has recently pulled back in a **bullish flag** (descending channel) and is now showing signs of a breakout above the flag's upper boundary.
Price is reacting fr
AUD/USD: The Rebound TradeThe Australian dollar (also known as the Aussie Battler) looks set to continue its recent bounce. Inflation is now under control and monetary easing will continue to support aggregate demand across the economy. While rate cuts are dovish, the underlying economy is still strong and, as we will explai
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the AUDUSD pair is quoted as 1 AUD per x USD. For example, if the pair is trading at 1.50, it means it takes 1.5 USD to buy 1 AUD.
AUDUSD is a major currency pair, i.e. a popular currency paired with USD.
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