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AUDUSD_ZERO trade ideas

AUDUSD InsightHello to all subscribers. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe. Yesterday, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) was announced, coming in at 47.2, a 0.4 increase from the previous month, marking the first rise in five months. However, it fell short of the market expectation of 47.5 and remained below the critical threshold of 50, which separates economic contraction from expansion, for the fifth consecutive month. The fact that the manufacturing sector continues to show signs of contraction has intensified concerns about a potential economic recession, leading to a rise in the U.S. dollar index. Despite this, it seems that market concerns are easing, as there is no significant change in the outlook for a rate cut in September, and these indicators are not expected to lead to any changes in the Federal Reserve's policy. Meanwhile, Australian Treasurer Jim Chalmers has strongly criticized the Reserve Bank of Australia, stating that consecutive interest rate hikes are damaging the economy. However, the Australian bank remains reluctant to lower interest rates. - On September 4, Australia’s Q2 GDP will be announced. - On September 6, the U.S. Nonfarm Payrolls and Unemployment Rate for August will be released. - On September 11, the UK’s July GDP and the U.S. August Consumer Price Index (CPI) will be published. - On September 12, the ECB's interest rate decision and the U.S. August Producer Price Index (PPI) will be announced. The Australian dollar has slightly surpassed its previous high but is now coming down, influenced by resistance levels. It appears that the recent gains have been given up to the 0.67000 level, and there is a possibility of a further decline to the 0.66000 level. The expected movement after that is a rebound from the 0.66000 level, potentially leading to an increase up to the 0.69000 level. If the 0.66000 level is unexpectedly breached, we will establish a new strategy.
Short
by shawntime_academy
AUDUSD - Broadening FormationThe Intraday Chart of AUDUSD reveals a Broadening Formation. This pattern is Bearish. We can see price has successfully formed 3 higher peaks. With each peak forming Divergence on 2 parameters - 1. Volume - as each peak is formed on progressively lower volume. 2. RSI - prints lower on each peak as well. There has been a break of the support level and its retest. Looking for the Aussie to move down next week towards the underlying supply zone at 67 flat.
Short
by Umlingo
2
AUD/USD: Will the Aussie Fight or Take Flight?Alright y'all, let’s break down this AUD/USD situation, top-down style, so everyone from the rookies to the seasoned pros can catch the vibe. Starting with the monthly chart, AUD/USD has been riding a rollercoaster. We saw a strong bullish push recently, but it’s hitting that resistance zone around 0.67990, which has been a significant level historically. The price might be finding it hard to bust through without taking a breather first. With the Heikin Ashi candles showing a bit of hesitation, I wouldn’t be surprised if we see some consolidation or a slight pullback before it decides its next big move. Dropping down to the weekly, we’ve got a similar story. That resistance is holding strong, and the price is starting to pull back, likely testing the support around the 0.67095 level. This is where things get interesting. If we see a bounce off this level, we might get another bullish push towards that 0.67990 area. But if it breaks below, things could get dicey for the bulls, with the next significant support sitting around 0.66780. Now, looking at the daily and 4-hour charts, the pullback is becoming more evident. The 4-hour chart is showing a descending trend line forming, and the price is riding it down. If you’re looking for a trade setup, watch for a break below that 0.67095 support on the 4-hour. A solid close below could give us a clean sell setup with a target around 0.66780, where we might see some buyers stepping in. But don’t sleep on the idea of a bounce! If the price respects that support level and starts breaking above the descending trend line on the 4-hour, we could be looking at a reversal back towards 0.67990. Either way, stay sharp and keep an eye on how price reacts at these key levels. As for my overall bias? I’m leaning bearish short-term unless we see a convincing bounce off support. Keep your risk tight, and let’s see how this one plays out!
Short
by SheenaL
3
AUD/USD sinks ahead of GDPThe Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing. Australia’s economy has been sputtering and the markets aren’t expecting much change from second-quarter GDP on Wednesday. GDP is expected to trickle lower to 1% y/y, down from 1.1% in Q1, which was the weakest pace of growth since Q4 2020. Quarterly, the market estimate for GDP stands at 0.3%, compared to 0.1% in Q1. GDP-per-capita is expected to be negative, another indication that economic activity remains subdued. Australia has been hit by a drop in iron ore and core prices and exports fell by 4.4% in the second quarter, which doesn’t bode well for the Australian dollar. The GDP is unlikely to change the Reserve Bank of Australia’s plans when it meets on Sept. 24. The central bank is closely watching inflation, which remains stubbornly high, as well as the labor market. Governor Bullock has said she has no plans to lower the cash rate from its current 4.35% for the next six months. The RBA has stuck to its “higher for longer” stance and has maintained rates since November. The Federal Reserve is widely expected to lower rates on September 18, with a 70% likelihood of a quarter-point cut and a 31% likelihood of a half-point cut. Ahead of the meeting is a crucial employment report on Friday. The previous jobs report was much weaker than expected and triggered a meltdown in the financial markets. Another weak jobs report would raise the likelihood of a half-point cut, while a solid release will cement a quarter-point cut. AUD/USD has pushed below support at 0.6780 and is testing support at 0.6737. Below, there is support at 0.6708 0.6809 and 0.6852 are the next resistance lines
by OANDA
AUDUSD USD Set To Grow! BUY! My dear followers, This is my opinion on the AUDUSD next move: The asset is approaching an important pivot point 0.6733 Bias - Bullish Safe Stop Loss - 0.6700 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.6784 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
AUD/USD Forms Bearish Reversal Pattern Ahead of Key DataAUD/USD has formed a bearish swing failure pattern on the daily chart, suggesting a possible reversal after failing to break July's highs. While this pattern has previously predicted strong moves, upcoming Australian GDP and US non-farm payroll data could still sway the pair's direction. Understanding the Swing Failure Pattern and Its Implications A swing failure pattern generally occurs when a currency pair tests a recent swing high (or low) but fails to sustain the momentum, ultimately reversing direction. In the case of AUD/USD, the pair recently retested the highs set in July but failed to break higher, subsequently retreating below last week’s swing lows. This downward move has confirmed the bearish swing failure pattern, signalling the potential for a trend reversal to the downside. The significance of this pattern is heightened given its recent ability to identify key inflection points on AUD/USD’s daily candle chart. Earlier this year, the formation of a bullish swing failure pattern in April led to a strong rally that persisted throughout the month. A similar bullish pattern emerged in August, and once again, it was followed by a robust rally. AUD/USD Daily Candle Chart Past performance is not a reliable indicator of future results Caution: Not All Patterns are Created Equal While the bearish swing failure pattern suggests a potential reversal, it's essential to remember that no price pattern is foolproof. The inherent limitation of this pattern is that it typically goes against the dominant momentum in the market. In the current context, broader market forces and sentiment towards the Australian and US economies could still overpower this technical signal, rendering the pattern less effective. Key Economic Data Releases to Watch This Week Traders should be particularly vigilant this week as several critical economic events are lined up that could impact both the Australian dollar and the US dollar. On Wednesday, Australia will release its Q2 GDP numbers, providing insight into the country's economic growth trajectory. Additionally, the US Federal Reserve will publish its Beige Book, summarising current economic conditions across the US, which could provide hints about future monetary policy. The week will culminate with the highly anticipated US non-farm payrolls data on Friday, a key indicator of the health of the US labour market. These events could potentially cause a sharp increase in AUD/USD’s volatility and should be factored into risk management strategies. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom
AUD/USD sinks ahead of GDPThe Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing. Australia’s economy has been sputtering and the markets aren’t expecting much change from second-quarter GDP on Wednesday. GDP is expected to trickle lower to 1% y/y, down from 1.1% in Q1, which was the weakest pace of growth since Q4 2020. Quarterly, the market estimate for GDP stands at 0.3%, compared to 0.1% in Q1. GDP-per-capita is expected to be negative, another indication that economic activity remains subdued. Australia has been hit by a drop in iron ore and core prices and exports fell by 4.4% in the second quarter, which doesn’t bode well for the Australian dollar. The GDP is unlikely to change the Reserve Bank of Australia’s plans when it meets on Sept. 24. The central bank is closely watching inflation, which remains stubbornly high, as well as the labor market. Governor Bullock has said she has no plans to lower the cash rate from its current 4.35% for the next six months. The RBA has stuck to its “higher for longer” stance and has maintained rates since November. The Federal Reserve is widely expected to lower rates on September 18, with a 70% likelihood of a quarter-point cut and a 31% likelihood of a half-point cut. Ahead of the meeting is a crucial employment report on Friday. The previous jobs report was much weaker than expected and triggered a meltdown in the financial markets. Another weak jobs report would raise the likelihood of a half-point cut, while a solid release will cement a quarter-point cut. AUD/USD has pushed below support at 0.6780 and is testing support at 0.6737. Below, there is support at 0.6708 0.6809 and 0.6852 are the next resistance lines
by OANDA
Lingrid | AUDUSD complex PULLBACK. LongFX:AUDUSD broken out of an expanding triangle pattern. The recent break and close below the support level that had been respected multiple times indicates a shift in trend. On the 1H timeframe, the market is currently pulling back towards the lower border of the channel, which presents a potential bounce point, especially since the major trend remains bullish on the D. Given this bullish context, I expect there is a good chance the market will gain momentum and push upwards. This suggests that price may enter a consolidation phase as it oscillates between support and resistance. It will be important to monitor the price action around the lower border of the channel and the support level for confirmation of the expected movement. My goal is the resistance zone at 0.67613 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
AUDUSD in SellAs we witnessed that AUDUSD shown a good bullish rally and then went into the ranging phase since past few days. But now it has broken that range & thats the clear indication that it has been out of the DISTRIBUTION PHASE and started making a series of lower lows & lower highs . Since we always want to trade on market's behaviour instead of trying to short early so it has given plenty of signs that its all set to go in bearish phase now. So we can ride it keeping a safe Stoploss on previous LH and can book our tp on next loop of LH & LL.
Short
by MuneebUddin