AUDUSD upside target 0.703On the weekly chart, AUDUSD is rising strongly, and the bulls are obviously strong. At present, we can pay attention to the support near 0.690. If it falls back and stabilizes, we can consider continuing to buy. The upper resistance is around 0.703.Longby XTrendSpeed447
Weekly Forecast - Dollar Sell-off Looks AttractiveWhile price has been largely corrective on the dollar, price continues to trade lower in that corrective manner so instead of anticipating the deeper correction (which will come sooner or later), We should focus on what price is doing right now and trade accordingly. GBPJPY & USDJPY both had aggressive sell-off's out of key daily areas last week, which makes achieving the daily downside targets highly probable. I'll be monitoring the current correction on both these pairs for continuation lower. EURUSD & AUDUSD are both not on watch due to daily upside targets being achieved and no longer trading within a daily range as per my plan so I'll be risk off on these until the respective 4H structure's shift to the downside and a counter-trend is established towards fresh 1D EPD. Further upside appreciation can be expected on both these pairs in line with the DXY bias.Long11:14by The_Modern_Day_Trader0
AUDUSD InsightHello, dear subscribers! Please feel free to share your personal opinions in the comments. Don't forget to hit the booster and subscribe! The U.S. Personal Consumption Expenditure (PCE) price index for August has been released. It came in at 2.2% year-over-year, falling below both the market's expectation of 2.3% and last month's figure of 2.5%. The core PCE price index also fell short of expectations, increasing by just 0.1% month-over-month compared to the expected 0.2%, indicating a slowdown in inflation. The release of the PCE price index put downward pressure on the dollar. Meanwhile, in Japan, former LDP Secretary General Shigeru Ishiba, who is considered a supporter of the Bank of Japan's interest rate normalization path, has been elected as the next Prime Minister. If Shigeru Ishiba takes office, it is expected that the Bank of Japan will face pressure to raise interest rates, which has led to a strengthening of the yen. On the 24th, the Reserve Bank of Australia held its key interest rate steady, but stated that it would not rule out further rate hikes, as inflation has not yet shown signs of slowing. Reuters reported that the possibility of a rate cut by the RBA within the year has been lowered from 64% to 59%. - October 1: Fed Chair Powell’s speech, Eurozone September Consumer Price Index - October 4: U.S. September Non-Farm Payrolls, Unemployment Rate AUD/USD has successfully broken through the resistance line of 0.69000, suggesting further gains up to the 0.71500 level. Given the weakening outlook for an RBA rate cut, AUD/USD is expected to gain further momentum. However, it is still uncertain whether it will break through the resistance at 0.71500, and we will reassess the direction once it reaches the high point. If, contrary to expectations, a downtrend emerges, we will adjust the strategy accordingly.Longby shawntime_academy0
AUD/USD BEARS AT PLAYAUDUSD has recently hit the 52 week high and appears to have formed a bearish pennant- Price may edge higher before a large drop- Trading is risky business and this analysis is not meant for investment purposes- Thanks for viewingShortby KLCTRADES111
AUD/USD - Potential Rebound from Support on 15-Minute ChartOn the 15-minute chart, if AUD/USD pulls back to the current support level, there’s a strong possibility of a rebound. This support has held well in previous sessions, and a bounce from this zone could signal a bullish move. However, it’s important to watch for confirmation with bullish candlestick patterns or volume increase before considering entry. A break below this support would invalidate the bullish outlook.Longby rebenga930
AUDUSD Potential LongLooking for AU to do a pullback before it takes last weeks high, best case scenario it pulls back down into entry after midnight otherwise I can change my mind if price doesn't look right or it consolidates too much I will adapt to price... worst case scenario it goes to my entry takes me out and will look for sells after, I like my odds lets wait and see..Longby Mutate1
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.68900 zone, AUDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.68900 support and resistance area. Trade safe, Joe.Longby JoeChampion4427
FULL AUDUSD ANALYSISHello my wonderful community ! I’m back again I really appreciate you guys for reviewing my charts Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here. The colors for each line/zone Monthly - Yellow Weekly - Orange Daily - Green 4H - Red 1H - Purple My Monthly chart view: Ever since 2021, price has been in a downtrend by making Lower highs and Lower lows. Price breaks a major Support area and turns it to a dynamic resisitance area and respects the EMA 50. Take note as price is in a range and respecting the newly formed monthly resistance line (0.7050) and support line (0.6300). My Weekly chart view: Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from 2022 until 2023 displaying a down trend. Price is currently not making lower lows and has been ranging from the beginning of 2023 till recent Last week price made a new higher high. Going down further to get clarity My Daily chart view: Price is in an uptrend after breaking the daily resistance in green (0.68700), Waiting on a retest or more volume from the bulls to see price start heading for the Monthly resistance line in yellow. Until then I will go down to smaller timeframes to see market setups My 4H chart view: As we move into the smaller timeframe of the 4H period, the market seems to be clearer So I’ll go further and look for buy Setups as bulls seems to be coming in strong with rising momentum after the break of the daily resistance line in green(0.68700) To play safe for me to feel comfortable in capturing a buy setup , I’m waiting for a few confluence to put the odds in my favor , probably wait till the end of the first week of October My 1H chart view: On the hourly and anything below this timeframe , I can choose to capitalize by scalping and looking for buy entries that is validated by my own trading style Fibonacci tool will be good once I can see a formation of the last trend line, I’m patiently waiting for the market to reveal itself. I will be back to review this trade and see how things go Avoid entry of any trade during any major news that will affect price and this is not financial advise -> NEWSCHOOLTRADERLongby newschooltrader1
AudUsd Trade IdeaI see 3 potential moves happening for AU. Price either retest the previous higher high to continue bullish up to 69350, respect the last higher low at 68750 to confirm a bullish range between 68750 and 69350 or break bullish structures to respect the overall range of 68200 and 69350. Price has been ranging between 68200 and 69350 since last week so we'll see if this week price can break the range and head to the upside or continue ranging and possibly crash below 68200 for the week. We'll see. by OfficialJ230
Sell audusdA strong selling expected in this pair A complete detailed audusd analysis On weekly time frame downtrend line tested and closes inside Daily supply levels Weekly and daily overbought , it needed to liquidate and some balance Minimum 500 pips targetShortby forexagent5
Idea on a zoneThe Australian Dollar (AUD) could edge higher, but it is unlikely to be able to break above 0.6930. In the longer run, AUD has to break and remain above 0.6930 before an advance to 0.6980 can be expected, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. AUD has to remain above 0.6930 to advance towards 0.6980 24-HOUR VIEW: “We highlighted yesterday that AUD ‘could dip below 0.6800 before stabilisation can be expected.’ However, AUD rebounded strongly, reaching a high of 0.6905. The strong rebound has resulted in an increase in momentum, albeit not much. Today, we expect AUD to edge higher, but it is unlikely to be able to break above 0.6930. Support is at 0.6875; a breach of 0.6840 would mean that the current mild upward pressure has eased.”by EZIO-FX0
AUD/USD Bearish Butterfly Pattern: High-Probability Short SetupWe identify a Bearish Butterfly Harmonic pattern forming on the AUD/USD chart, which could provide a profitable short trade opportunity. Here's a breakdown of the strategy: 1. Harmonic Pattern Formation The pattern follows specific Fibonacci retracement and extension levels, with key points outlined: Point X: The start of the upward movement. Point A: First bullish impulse. Point B: A correction to around the 0.618 Fibonacci level of XA. Point C: A smaller bullish movement, retracing to 0.786–0.886 of AB. Point D: Projected to form near 0.6900, signaling the end of the bullish cycle and a potential reversal. 2. Reversal Confirmation at Point D TDIGM Oscillator: Overbought readings near 70 suggest the market is stretched and ready for a correction. Fibonacci Resistance: Point D coincides with key Fibonacci extensions, reinforcing the bearish bias. Candle Patterns: Look for reversal patterns like bearish engulfing or shooting star for additional confirmation. 3. Short Entry Ideal Entry: Between 0.6880 and 0.6900 after confirmation of resistance. Stop Loss: Above 0.6950 to protect against potential continuation of the bullish trend. 4. Price Targets First Target (T1): 0.6644 (Fibonacci 0.618 level and dynamic support). Second Target (T2): 0.6461 (Fibonacci 0.786 level). This Bearish Butterfly pattern presents a highly probable shorting opportunity on the AUD/USD. With strong confluence of technical signals around the 0.6900 level, careful entry and risk management could lead to a highly profitable trade. As always, monitor price action closely on lower timeframes for additional confirmation.Shortby MrVNpt1
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Longby ShahedZare0
AUDUSD NEXT MOVE POSSIBLEThis AUD/USD 1-hour chart shows a Break of Structure (BOS) and suggests potential bearish correction. Price is expected to dip into the highlighted demand zones around 0.6848–0.6818. Traders may anticipate a bullish reversal upon reaching these areas, as illustrated by the projected price action. Watch for bullish setups within the demand zones for potential buying opportunities.Longby DCBFOREXTRADING0
AUDUSD - Can "Risk-On" Sentiment Print Fresh HH's This Week?20 SMA - BLUE 200 SMA - PINK Key Confluence Areas: Grey Lines KEY CONFLUENCE TO WATCH @ 0.68710 Thank you for your time reading, boosting and/ or following my analysis. I deeply appreciate it.by ANROC0
AUDUSD: 400+ Pips Buying Move| Simple Analysis| Hey traders, So, the USD might be getting weaker soon. There are some talks about a possible global recession, and that's making people nervous. As traders, we need to keep an eye on these things and see how they affect the currency market. If the price drops more towards the black box we marked, we might see a big jump in price. I'd say close the trade when it hits 200 pips and put a stop at the entry price. Let me know if you have any questions or need anything else. Good luckLongby Setupsfx_Updated 242473
AUDUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Long03:07by ForexWizard012
AUDUSD. Medium and short term analysisHello traders and investors! The price reached the target of the forecast from April. Some medium-term forecasts take a long time to come to fruition. It creates the impression that medium-term forecasts always come true. You can use the following criterion to consider a forecast fulfilled: ensure that the price does not break the last local extreme before reaching the target. If this condition is met, the forecast can be considered successfully realized. In the April forecast, the last local extreme is point 5 of the sideways range (0.62701). Weekly Timeframe Analysis Let me remind you that on the weekly timeframe (TF), a sideways range has been forming since January 2023 (point 4). The lower boundary is 0.61699, and the upper boundary is 0.71577. Formally, the buyer has reached the target of the 5-6 vector (0.69205), and there are no signs of reversal yet. The last two weekly candles show increased volume, with small buying wicks. However, the price is currently in the seller's contextual area (the upper range of the weekly TF sideways movement), but the seller is not utilizing this volume yet. Daily Timeframe Analysis On the daily TF, a sideways range has been forming since August 24 (point 4). The lower boundary is 0.63478, and the upper boundary is 0.67985. The buyer's 4-5 vector has broken through the upper boundary of the range. For three days, the price has been unable to break through the level marking the start of the last seller's sub-impulse on the weekly TF (0.68996). Below, the buyer is defending the breakout of the last sub-impulse seller level on the daily TF (0.68239). For the last two days, the buyer has applied increased volume with no result. On the other hand, the price is in the seller’s contextual area (the upper range of the weekly TF sideways movement), so the seller should be evaluated first—and so far, the seller is absent. Highlight: • There are no signs of the seller on either the weekly or daily TFs to justify looking for mid-term sales. A sign of the seller could be a return of the price to the daily TF sideways range and the seller defending that return. • There is no context for mid-term buys, as the price is in the upper part of the weekly TF range (a seller's contextual area). 2H Timeframe Analysis For short-term buys or sells, you can use, for example, the 2-hour TF. On this TF, there is a sideways range, with the seller’s 7-8 vector being active and the potential target at 0.68179. The seller has returned the price to the range (below 0.69081), forming a seller’s zone above (marked by a red rectangle on the chart). Sales can be considered. When selling, monitor the price's movement around 0.6868 and 0.68625. Purchases can be considered from the lower boundary of the range (0.68144) if the buyer defends it. Good luck with your trading and investments! by AlexeyWolf1
W/C 30 Sep 24 -AUDUSD Forecast W/C 30 Sep 24 -AUDUSD Forecast: - Swept major liquidity - Swing failure pattern - Expect pullback taking out IRL (internal rang liquidity) - Wait for failure of OB (making it a breaker) - Short at test of breaker - TP 1 = 0.68184 IRLby travisteixeira118
AUDUSD BUYSWe expect the 4H to retrace and create a new HL before continuing to the upside, so currently sat on our hands until the 5M breaks to the upside and aligns with 4H idea. Will then look for an entry on the 1M timeframe! Entry critera - Choch Failed supply Liquidity taken AOIby Thatfxkidagain0
AUD looking like we have breakout potential here fellas!!Breaking out on the weekly, we need to take this to .71625Longby takeatokebreak2
AUDUSD potential strong sell zoneAUDUSD has had an average daily range of 65 pips for the last 10 weeks. We have our macro structure with price @ 0.67000 we are looking for a sell to take out previous weeks low. Looking to a S/M/T reversal Shortby KING_ADAMS5