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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

AUD/USD sinks to new lows as focus shifts to Aussie jobs dataWhether you’re talking price action or momentum, AUD/USD looks terrible on the daily, taking out the intersection of the US election lows and downtrend support with ease on Wednesday. Momentum is with the bears; RSI (14) has cut its uptrend like a hot knife through butter while MACD has crossed over from above, confirming the bearish signal. Selling rips and bearish breaks may prove more successful than buying dips in this environment. The short setup would be to sell here or wait for a potential squeeze towards .6513 as traders anticipate another stellar labour force report – there have been plenty of those recently. That would allow for a tight stop to be placed above the level, providing appealing risk-reward for those targeting a retest of key uptrend support at .6375. The last time the Aussie interacted with the level during the Japanese market meltdown of August, it resulted in significant bullish reversal, underlining its technical importance. As such, it looms as an obvious target. Good luck! DS
Editors' picks
Short
by FOREXcom
9
AUDUSD H1 - AUD (Strongest) Against USD (Weakest) = UpTrend (3)This indicates which currencies are GAINING value and which are LOSING value. As a result, we see which pairs to trade. By trading the currency gaining the most value against the currency losing the most value = We aspire to ride the strongest trends, obtain the highest performance, be in the safest trades and to avoid the choppy chaotic charts. --- This layout displays the Value, Performance and Pressure behind each currency. Let's break it down by panel. -- In the top panel: Indicator 'Currencies' / Settings: Performance All 8 Currencies. We see the performance of all 8 major currencies. Most recent bars: AUD (Orange line) is the strongest currency. USD (Red line) is the weakest currency. So, we bought the AUDUSD pair because both currencies are going opposite ways (AUD going up / USD going down). -- In the second panel: Indicator 'Currencies' / Settings: Pair Performance. We see the Performance of the 2 currencies of the pair on chart. The AUD (Orange line) and the USD (Red line) + the Pressure of the Pair in the background. The brighter the color in background = The higher is the performance for the pair on chart. -- In the 3rd panel: Indicator: The 'Template'. (Over 10 years in R&D to paint the chart perfectly.) Resistance was broken. -- In the 4th panel: Indicator 'Currencies' / Settings: Pressure. We see the Pressure behind each currencies of the pair on chart. The Higher is the line = More Upside pressure. The Lower is the line = More Downside pressure. -- 5th panel: Indicator 'Currencies' / Settings: Value of the Base currency (AUD). Displays the Value of the AUD + Intensity Background (Up/Down) 6th panel: Indicator 'Currencies' / Settings: Value of the Quote currency (USD). Displays the Value of the USD + Intensity Background (Up/Down) Strategy for 5th and 6th panels: Blue Background (One Currency Gaining Value) AGAINST Red Background (One Currency Losing Value) = Pair Trending. (If you want to learn more about this, we have recorded a video. Comment 'Video'.)
Long
by ascension
6
AUD /USD BUY POTENTIAL IS THERE TO GRAB!! DESCRIPTION - On a daily swing we can clearly identify the overall momentum is bearish , and same applies in 4hr as well , however we can identify a large bullish engulfing candle formed up ( now complete and breaking the overall fractal structure and showing us there is a potential of IBOS ( INTERNAL BREAK OF STRUCTURE ) . So , whenever we see IBOS it is very likely that there will be swing pull back about to start or in end on in these case as of now it seems to start. - Nothing is being pulled yet as I will be patiently monitoring for the price to come down to the area of 4hr supply or least the fractal area ( wick ) to be touched , to see any potential good entries to be made on lower TF either in 15m or 1hr TF. - Will be monitoring the trade on London and NY session for 19th November 2024. Potential Trade type - pull Back Trading Methods Strategies' - Market Structure - Liquidity - Supply and demand - Experience - Premium and discount
Long
by rubinGrg
4
AUD/USD BULLSEYE STRAT 11/11/24- USD expected to withstand selling pressure; oil rally, president trump re-elected + pres trump stock rally, cpi expected to hold according to economic data matches SEIIV4L Strategic Cpi signal, (*) buy lows @ significant decline after full decline (*) Dxy will have fake selling pressure due to uninformed investors, this will allow market to hit Tp1 currently 1.7% away from target (0.64478) (*) Expect AUSSIE employment securities to rally AU dollar after decline total of 7.4% chopped down to to definite TP's (0.66787) 3.6& (0.68229) - 5.8%. - Market retracement range/range trading: 0.24% , 0.35% , 0.44%
Long
by Sylynt056
2
AUD/USD: Bullish Momentum Amid RBA SupportThe AUD/USD currency pair has showcased a notable bullish momentum over the past three days, reflecting a growing confidence among traders in the Australian Dollar's strength. However, as the London session commenced today, the pair has experienced a slight retracement, drawing attention to its position within a significant demand zone. This area is not only crucial for potential price reversals but also indicates that traders are actively watching for signs of a possible trend continuation. Central to the pair's performance is the Reserve Bank of Australia's (RBA) hawkish monetary policy stance. Recent developments from the RBA have painted a picture of cautious optimism regarding the Australian economy. Specifically, the minutes released from the RBA's November meeting on Tuesday underscored the board's alertness to the risks of rising inflation. The minutes affirmed the RBA's belief that monetary policy must remain firmly restrictive to combat these inflationary pressures, which has significant implications for the AUD/USD pair. This hawkish outlook from the RBA may serve to bolster the Australian Dollar, as it implies that interest rates could remain elevated or potentially rise further. Such a stance tends to attract investors seeking higher returns, which can lead to increased demand for the AUD. Consequently, this may deter traders from making aggressive bearish bets against the Australian Dollar, providing a supportive environment for the currency pair. In terms of technical analysis, we are observing key indicators that suggest a potential price surge. Historical price patterns, combined with recent market movements, indicate that the pair could be poised for a rebound. Additionally, the latest Commitments of Traders (COT) report supports this outlook, as it reveals positioning trends among institutional traders that align with our bullish expectations. Overall, the combination of a supportive fundamental backdrop, characterized by the RBA's vigilant stance on inflation, alongside favorable technical signals, suggests that the AUD/USD pair is likely to regain upward momentum in the near term. Traders will want to keep a close watch on upcoming economic data and central bank communications, as they could further influence market sentiment and the direction of the pair in the coming days. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
Market Analysis: AUD/USD Recovers - More Gains Ahead?Market Analysis: AUD/USD Recovers - More Gains Ahead? AUD/USD is attempting a recovery wave from 0.6440. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar found support near 0.6440 and is now recovering against the US Dollar. - There was a break above a key bearish trend line with resistance at 0.6480 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair dipped from the 0.6685 resistance zone. The Aussie Dollar declined below 0.6500, but the bulls were active near 0.6440 against the US Dollar. A low was formed near 0.6439 and the pair is now correcting losses. There was a move above the 23.6% Fib retracement level of the downward wave from the 0.6685 swing high to the 0.6439 low. There was also a break above a key bearish trend line with resistance at 0.6480. The pair is now above 0.6500 and the 50-hour simple moving average. On the upside, immediate resistance is near the 50% Fib retracement level of the downward wave from the 0.6685 swing high to the 0.6439 low at 0.6560. The first major resistance is near 0.6630. A clear upside break above 0.6630 could send the pair toward 0.6685. The next major resistance on the AUD/USD chart is near 0.6720, above which the price could rise toward 0.6750. Any more gains might send the pair toward 0.6800. On the downside, initial support is near 0.6500 or the 50-hour simple moving average. The next support could be the 0.6480 zone. Any more losses might send the pair toward the 0.6440 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
AUD/USD Reaches New Low: Technicals Highlight Bearish TrendThe AUD/USD pair has sunk below 0.65000, hitting a low of 0.64529, reflecting a persistent bearish trend for the Australian dollar. This decline aligns with the strong US dollar index at 106.4 amidst robust post-election performance. The RBA's steady interest rate at 4.35% and lackluster employment growth in Australia indicate ongoing economic pressures that may limit the Aussie’s recovery. Meanwhile, anticipated rate cuts by the Fed could introduce USD vulnerabilities, adding complexity to the pair's future trajectory. Traders should closely monitor economic indicators and central bank policies in both regions for potential market shifts.
Editors' picks
by tastyfx
5
AUD/USD To Retrace Higher Over Time?NOTE - Long side Blue arrow is now a representation of the speed of any rally. Price may also stop earlier than this various times (See below). Persistent USD strength has come after both inflationary data and the inflationary effect the Trump administration may have. Inflows into the USD are most easily reflected on the Dollar Index (DXY). You can see across the board larger hits on Risk currency assets (NZD/AUD/CAD) as well, VS EUR / GBP. Current price rejection at lows does not exist despite flickers of hawkish bias coming out of the RBA. The over-ruling Market sentiment at the moment is all about the USD and its harsh strength. I would expect over time this to fade especially at key levels (as it has historically). Key long zones approach both current and lower, but given current price action falls lower would also not surprise me. Looking ahead to further news sentiment through this week and direction of price. Would be willing to scale in at lows. Somewhat slight uptrend over the last year may persist, but bear in mind long term trend still suits a strengthened USD as the US economy advances on the world stage, outperforming other areas. May be wise to set targets at key early resistance levels as noted based on sentiment now.
Long
by WillSebastian
Bearish reversal?AUD/USD is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6540 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 0.6598 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 0.6453 Why we like it: There is a pullback support. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
AUDUSD rebound hinges on US yield stability, China market upsideWhile AUD/USD has maintained a strong inverse relationship with US Treasury yields across the curve over the past fortnight, the connection is weaker compared to its link with China-related variables over the same period. This suggests that any rebound in the Aussie this week may require not only stability in US rates but also a recovery in Chinese sentiment and markets, especially with no major Australian data due for the remainder of November. The daily candlestick pattern in AUD/USD will form a morning star if prices can grind towards the session highs during European and North American trade. RSI (14) is diverging from price, signalling shifting directional risks and potentially increasing the odds of a bullish reversal. Topside levels to watch include 0.6480, former downtrend support at 0.6505, and 0.6513 – a break above the latter could pave the way for an extended rally. On the downside, 0.6441 is a level to watch, offering a potential setup where longs can be established with a tight stop beneath for protection.
Long
by FOREXcom
AUD/USD: Seeking dips for move to 66cAUD/USD has risen for a thirds day from its multi-week low, and shows the potential to head for 66c It is the second day in a row the market closed just off its daily high and the daily RSI (2) is not yet overbought. However, the October high makes a likely interim resistance level which could spark a pullback before dip buyers return. Bulls could seek dips down towards the weekly pivot near 0.6500 in anticipation of its next leg higher, with 0.6560, 0.6584 (November VPOC) and the 0.6600 handle coming into focus.
Long
by CityIndex