AUDUSD WILL GO BUY AUDUSD broke the key horizontal level of 0.6640 which is now a suupport and is now going down to make a Retest after which we will be Expecting a fruther move up long.Longby GoldMarketKiller112
Elections aside, AUD/USD still looks oversoldImplied volatility has spiked for FX majors ahead of the US election, and it really could go either way for AUD/USD depending on who wins the race to the Whitehouse. But how much downside is left for the Aussie when taking market positioning, China data and the latest RBA statement into account? MSLong06:23by CityIndex1
Analyzing the AUD/USD pair on the 1-hour timeframethe AUD/USD pair on the 1-hour timeframe, the pair is currently in a downtrend but has not yet reached the green support zone. If the price returns to this zone, it could attract buyers, potentially pushing the price upward. This scenario may present a long opportunity, provided there's a confirmation signal before entry. Key Points: Current Trend: Downward movement towards support. Support Zone: Identified in green on the chart. Potential Action: Look for bullish confirmation signals upon price reaching the support zone before considering a long position. Always ensure proper risk management and wait for clear confirmation before entering a trade.Longby rebenga931
Possibility of uptrend It is expected that the downward trend of the specified support range will be formed. Then, according to the behavior of the price in this range, the continuation of the downward trend will be probable. If the price crosses the red resistance zone, the continuation of the upward trend is likelyby STPFOREX1
NEW IDEA FOR AUDUSD Examining the trend in the one-hour time frame, the Australian dollar/USD has broken the ceiling of the ascending channel upwards and is now below the important support interval in the range of -0.6561, provided that there is no closing of the four-hour candlestick. 0.6555, it can rise to the 161.8% Fibo resistance at $0.6608.Longby arongroups1114
AUDUSD: Important Bearish Breakout 🇦🇺🇺🇸 AUDUSD broke and closed below a key daily support. The broken structure turns into resistance now. There is a high chance that the pair will continue falling at least to 0.6568 support. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader449
Another contrary move expected in AUDUSD; bullish Purge & RevertGreetings fellow traders! Bullish Purge and Revert in progress in AUDUSD. The purging Daily candle's high is broken and we have the confirmation. Long till 0.66400 . Here is the daily chart for reference: There is something very important to be kept in mind. We have lots of important news drivers coming in, especially NFP and the US Presidential elections . Market behaviour cannot be expected to be perfect during such volatile times. Play it safe or don't play at all. Wait for things to quiet down . This week and the next, stay safer. Disclaimer- All content is for educational purposes only and not trading advice.Longby SatyajeetSahaiUpdated 1
AUDUSD - Inflation in Australia, under control?!The AUDUSD currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bearish channel. In case of an upward correction due to the release of today's economic data, we can see a supply zone and sell within that zone with a suitable risk reward. Yesterday, China urged the United States to change its stance on Taiwan’s independence, asking it to clearly state “we oppose Taiwan independence” instead of “we do not support Taiwan independence.” The United States, however, refused to make this change and continues to maintain informal relations with Taiwan, providing support and military supplies to the island. Additionally, reports indicate that China’s top legislative body is reviewing a new financial package valued at over 10 trillion yuan, likely to be announced on November 8. China plans to raise 10 trillion yuan in new debt over the coming years through special treasury and local government bonds. This financial package includes 6 trillion yuan to mitigate local government debt risks and up to 4 trillion yuan for purchasing idle lands and properties. Should Donald Trump win the U.S. presidential election, China may unveil an even stronger financial package. Moreover, China is planning to issue over $1.4 trillion in additional debt in the coming years. A poll by Ipsos shows that the popularity gap between Kamala Harris and Donald Trump among registered voters has narrowed to one percentage point, with Harris at 44% support, just one percent ahead of Trump at 43%. BlackRock CEO Larry Fink has predicted that the Federal Reserve will cut interest rates by 25 basis points at least once more in 2024. He also remarked that the decline in U.S. interest rates will be less than people expect. Australia’s inflation data largely met expectations and was insufficient to prompt any change in the Reserve Bank of Australia’s (RBA) rate decision. Annual inflation for the third quarter stood at 2.8%, slightly below the expected 2.9%. The monthly rate was 2.1%, with the total inflation at 2.8%. This annual inflation rate is the lowest since early 2021; however, core inflation remains above the RBA’s 2-3% target. The reduction in annual inflation is mainly due to government subsidies and lower gasoline prices, although service inflation remains high. The RBA will hold a meeting on November 4-5, and given these figures, no rate cut is expected during this session. The final meeting will be on December 9-10, and no rate cut is anticipated for that session either. February remains the anticipated timeframe for analysts, though if the labor market remains strong and core inflation is high, a rate cut may be delayed until April or May.Shortby Ali_PSND3
AUDUSD UPDATE - Highest probability support according to FIB!20SMA - Blue 200SMA - Pink Your interest motivates me: If you find my analysis helpful, please boost and follow me for future analysis at your service. I deeply appreciate you taking the time to study my analysis and point of view. How I see it: For a correction, a support must be found: (As per FIB indicated) 1) @ 61.80% - already past this level currently 2) @ 71% 3) @ 78.60% See FIB for exact price levels...by ANROC220
Scenario audusd (ii)This is actually a continuation of the scenario before that on the chart you can see my speculation on filling the space around the price of 0.64802 where there is strong support, if the price does not break through then there will be room for a bullish scenario. Longby Sony972
AUDUSD Is Approaching A Decent ResistanceHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.65700 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65700 support and resistance area. Trade safe, Joe.Shortby JoeChampionUpdated 5513
AUDUSD / SHORT / M15AUDUSD Potential Downside from the Bearish Order Block Bearish Order Block: 0.65762 - 0.65708 Based on my analysis using Smart Money Concepts (SMC), AUDUSD has formed a bearish order block around 0.65762 to 0.65708. Price action is showing signs of a potential reversal within this block, suggesting that sellers might step in at this level, leading to a downward move. I'll be watching how AUDUSD reacts in this range, with a high probability of this trade ending in profits if the order block holds strong as resistance. Trade Details: Position: Short Lot Size: 0.2 Entry Price: 0.65708 Take Profit: 0.65531 Stop Loss: 0.65885 This setup aligns with institutional movement patterns, and I’ll be monitoring for confirmation of bearish momentum. Let’s see how the market reacts!Shortby PraveenTrader1Updated 5
DeGRAM | AUDUSD testing the structureAUDUSD is in a descending channel between the trend lines. The price is moving from the lower boundary of the channel and the support level. The chart is testing the current structure. We expect growth in the channel after consolidation above the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM1110
AUS/USDJust a beautiful setup for long! Break of macro downtrend in play and longs is in order! Want to know when to enter? You looking at it!Longby SABoikie117
AUDUSD BuysNeat markup. Will overview this on my next ECA session. MSS on the hourly after trading into an old FVG. Clear OB and iFVG as current points of interest for buys.Longby tradersparadisee1111
AUDUSD- SHORT Bearish Indicators : 1- Series of LH and LL 2- Trend line Rejection at 0.685 Level 3- Formation of Shooting Star candle patter LH 4. Market has also broken 0.65759 level which is a very strong Daily , weekly level 5. Resistance from Fibonacci level of 23.60 % 0.65759 Entry Price : 0.65692 Stop Loss : 0.66131 TP1 : 0.65210 TP2 : 0.64734Shortby hmuhammadumer95114
AUDUSD Bullish ScenarioThe price level of 0.66225 is broken, we can expect AUDUSD to turn bearish until it reaches the demand zones on the chart. After it touches the demand zone, we’ll monitor the market structure, looking for a change of character on both lower and higher time frames. Entering a short term or even long term buy setup could then be suitable, but only with confirmations from the higher time frames. Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.Longby Biaxar3
AUDUSD - 4hrs ( Sell Trade After Break Target Range 150 PIP ) 🟢 Pair Name : AUD/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) After Break Out Type : Mid Term Swing ——————————— Bearish Break 0.66600 Reasons - Major Turn level / D - Visible range hvn - 3 Bounce Trend Break - Week low Break - Fixed range Value Bullish Reversal 0.65500 Area Reasons - Major Turn level / M - Visible Range Hvn - Fixed range Hvn - Choch Zone - Fibo Golden / ReversalShortby GoldenEngineUpdated 2249
Audusd As we have the market is on a down trend and we are following dr trend and not trading against Shortby Greatvic0013
AUDUSD BUY STOPAUDUSD is making lower Highs and lower Lows, it is in down trend but now it formed bullish wedge pattern RSI divergence. it will likely to change its up trend into up trend so place the buy stop order above LHLongby Trade_With_Shahbaz2
AUD/ USD ! 10/31 ! Support H4 and recoveryAUD/USD trend forecast October 31, 2024 The Australian Dollar (AUD) dipped slightly after mixed economic data from Australia and China’s PMI release on Thursday. However, hawkish expectations for the Reserve Bank of Australia’s (RBA) policy outlook helped support the AUD/USD pair and limited its downside. In September, Australian Retail Sales rose by 0.1% month-over-month, below the 0.3% forecast and down from 0.7% in August. Quarterly, Retail Sales grew by 0.5% in Q3, recovering from a 0.3% drop in the previous quarter. in the large frame - gold price will continue to fall back to strong support and have a larger recovery. In the context of not much AUD news at the end of the year, mainly important USD data /// BUY AUD/USD : zone 0.64800 - 0.64500 SL: 0.64000 TP: 60 - 300 - 500 pips (0.69500) Safe and profitable tradingLongby Moon-ForexAcademy115
Trade idea - AUDUSD Short1H Corrective approach towards entry zone. -68 Fibonacci completion aligning with entry zone. = Instant market execution Sell. 1.5% risk. Aiming to take full profit at Daily TP. Shortby PipjagerUpdated 447
Swing Short for AUDUSDEntry: 0.69 TP1: 0.663 TP2: 0.635 TP3: 0.619 SL: 0.717 Dollar strength is expected to return in full force after election season.Shortby CJBlueNortherUpdated 117