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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

AUDUSD - Buy StopThe dollar index is bullish and the australian dollar index is bearish which suggests that there should be bullish momemtum of AUDUSD pair. The bullish divergence is also formed and the current price action is at 78% FIB retracement which further strengthens our idea. We'll go with two trades, first with TP1 and other we'll trail. It is also likely that trade may not trigger and price forms another lower high which will also be a good sign to buy because of the strong support.
Long
by Alee_Kolachi
AUDUSD || Update Key Points DXY: Dollar Logs 12th Winning day in a Row as upbeat US Data Boosts Greenback's Appeal Key points: US dollar rallies big time Markets look to retail sales The American currency has strengthened against its forex peers as the flexing US economy is confidently headed toward a softer landing -strategist. • The US dollar index DXY is on a tear. A powerful rally has swept forex markets, taking the dollar on a journey toward higher grounds - so much so it's on track to wrap up the thirteenth straight day of gains. The Dollar is up 3% over the past twelve trading days, ravaging the valuation of its peer currencies, with its index trading above 103.30. • The economy is looking set to perform the soft landing where with inflation down, rates could finally move lower and possibly no recession . America's biggest banks JPMorgan and Goldman Sachs posted solid third-quarter results. • Looking ahead, the US dollar's rise could be further supported by September's retail sales report set to be released on Thursday, which would shed light on how confident the aggregate measure of sales of retail goods and services were for over a period of a month. As bears took over the AUDUSD market causing a -3.37% move from Sept 2024 high [previous post indicated price retrace towards key psychological resistance at the 0.685/0.68]. The pair broke the ascending triangle formed last week and continued its rally down towards the key level around 0.67214 0.67153 0.67070 which held support to the pair last week. Currently, the pair has broken and retested the key level at 0.67070 and is possibly going to rally towards support level at 0.667 with 0.662 in sight. Key Levels 0.685 0.68 0.67 0.66 0.695
Short
by deusmanagement
1
AUDUSD Zone BuyWait zone for buy AUDUSD, don't rush to buy now. SL line yellow. Good luck. **Forex Analysis Disclaimer** This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Long
by Forex_Int
AUDUSD InsightHello to all subscribers! Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe! Key Points - UK September CPI falls short of expectations at 1.7%, raising hopes for a BOE rate cut by the end of the year - Rising Trump risks contribute to dollar strength - Expectation for a 25bp rate cut by the ECB in October - Anticipation of a 25bp rate cut by the Fed in the November FOMC meeting Economic Indicators - October 17: Eurozone September CPI, ECB rate decision, U.S. September retail sales Chart Analysis AUDUSD is showing strong downward pressure near the 0.69400 level. It has currently dropped to around 0.66500, a region considered to be within the support zone. There is potential for further pressure down to the 0.66000 level, but a rebound towards the 0.69000 level is expected afterward. However, if the price breaks below the 0.66000 level contrary to expectations, I will promptly adjust the strategy.
Long
by shawntime_academy
1
Aussie Slide: Is AUD/USD Slipping Into the Outback?Let's get into the breakdown of AUD/USD based on the charts you're showing. Starting with the weekly chart, we can see that price is currently trading near the 0.66670 area, which is a significant level of support. This level has been tested before, and with the price currently sitting on it, we could see a potential break or bounce depending on how the market reacts. If price holds above this level, we might be looking for a reversal opportunity. However, if we break below 0.66670, the next target level would be around 0.66100, and ultimately 0.65832 for a continuation of the downtrend. Zooming in on the daily chart, we can see how the price has been steadily declining and currently hovering around that 0.66670 level. The moving averages are above the price, signaling bearish momentum. With the support being tested, it’s critical to watch how the price closes today and tomorrow. A daily close below the support will confirm bearish sentiment and could lead to further downside action. On the 4-hour and 1-hour charts, the price has already broken below 0.66771 and appears to be consolidating at the current level. There could be a short-term retracement before a potential drop, so I’m watching for a potential bounce from 0.66670 for a small corrective move before continuing lower. If we do get a break and close below this area, then a sell opportunity could be in play targeting 0.66100 or even 0.65832 by Friday. For now, I’m looking to potentially enter a sell trade if we get that break and close below 0.66670, with a possible entry around 0.66600, targeting the lower levels mentioned. As always, keep your risk in check and wait for confirmation before entering!
Short
by SheenaL