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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

Bearish Momentum Continues: AUD/USD Heading South – Are You In?Based on the AUD/USD charts, let's dive into a quick technical breakdown to see where the opportunities lie. Daily: We’re seeing AUD/USD in a strong downtrend, pressing into the lower levels near daily support at 0.6557. The daily candles are riding below both the 21 EMA and 8 EMA, which is further confirming bearish momentum. If sellers continue to drive price lower, our next solid support level to watch is down around 0.6481 and, eventually, 0.6445, a key weekly level. Given that prices have respected the weekly resistance level around 0.6677 previously, it’s clear that the sellers are holding control right now. Intraday Setup: The 4-hour and 2-hour charts both reveal a bearish bias as well, with price rejecting from the 8 EMA and dipping below minor support levels. On the 4-hour, any retracement back to around 0.6600 (which would be near the 8 EMA) could provide an ideal entry for those looking to join the downtrend. A break below 0.6557 with bearish volume could trigger further momentum to the downside. For a potential trade setup, I’m watching for price to retest around 0.6600-0.6610 for an optimal short entry, with targets down at 0.6557 and 0.6481. Keeping a tight stop above 0.6632 should provide a favorable risk-to-reward ratio. Let’s see if price respects these zones as we approach the end of the week!
Short
by SheenaL
Lingrid | AUDUSD Possible CHANNEL Breakout: Buying OPPORTUNITY FX:AUDUSD showed bullish momentum after bouncing off the support level, following a bullish divergence at that point. The market's recent move upward, particularly after taking liquidity below the 0.65500 level, suggests a short-term shift in sentiment. I expect that the market may be forming an ABC pattern heading toward the resistance zone, which could lead to a breakout of the channel. Additionally, the TVC:DXY has formed a bearish long-tailed bar at its resistance zone and is currently showing signs of moving down. This development is likely to support further bullish movement in the AUDUSD market. My goal is resistance zone around 0.66100 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
13
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 trading
Long
by Moon-ForexAcademy
1
AUD/USDAUD/USD Analysis Technical Analysis : The AUD/USD is in a clear downtrend, with price trading below the 50 and 200 EMAs. Key support is at 0.6550, and resistance is around 0.6600. The Squeeze Momentum (SQZMOM) indicator shows red bars, signaling continued selling pressure, aligning with the overall bearish sentiment. Fundamental Analysis : Strong U.S. GDP growth of 2.8% contrasts with weaker Australian fundamentals impacted by reduced Chinese demand, adding pressure on the AUD. Trade Plan: • Entry: Short near 0.6580-0.6590 • Stop-Loss: 0.6610 • Target: 0.6500
Short
by azizy73
2
Trade Recaps: USDJPY-LONG, AUDUSD-SHORT, 30/10/2024UJ Bias Analysis: Price corrected deeper into the 1H range discount, entering a 1H OB and confluent 1-sded FVG. The deeper retracement protracted lower at London open, sweeping Tuesday's low as it mitigated the KI areas before entry confirmation was received. Grade: High Quality Valid AU Bias Analysis: Price distributed higher aggressively at London open. This distribution was misinterpreted as a protraction which was sweeping 1H TBL, where it was actually shifting structure to the upside. Price traded higher into a 4H OB, where entry confirmation was received and a short position was executed. This was an invalid trade as the shift of structure to the upside violated my trade parameters which require the entry to be in alignment with the 1H range. Grade: Invalid What I did well or could've done better: - Executed aggressively on the setups during my forecasting session despite a shorter day at work. Focus was good. - Managed the trades according to the plan. - Misread the distribution AU as a protraction, when it actually shifted 1H structure long which did not align with my trade parameters - Took a trade that violated my plan as the UJ loss closed out today, which meant I only had 1 trade I could execute on instead of 2. - I did not identify what would've lead me to be risk off on a setup and was only focusing on execution characteristics. - I had a strong bias towards Dollar strength today, which led to marrying my bias and resulted in an invalid trade.
Short
by The_Modern_Day_Trader
Looks Like Someone's Prepping for a Rocket Launch in AUD!Alright, alright, it seems like someone has seriously geared up for a rocket launch in the Australian dollar, and it’s happening in the next few days. Looks like we might get some news dropped right after everything goes down, or maybe I’m just out of the loop. A super aggressive portfolio, a Call Spread, popped up yesterday, and it looks like they’re still pouring in options today. Targets for the futures are set at 0.68-0.6825. It’s like a rocket ready to go...))
Long
by ClashChartsTeam
1
AUDUSD Buy Setup [15m]Today, we will analyze AUDUSD 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.
Long
by Biaxar
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.
Short
by Ali_PSND
AUDUSD BEARISH CONTINUATIONThe strong bearish indicators on AUD/USD 4h Tf presents a bearish outlook. The Q3 CPI figure of 139.1 and the monthly CPI indicator at 2.1% indicate that inflation is trending higher than expected, which may lead to a stronger Australian in the long term dollar as it suggests that the Reserve Bank of Australia might consider tightening monetary policy in response to rising inflation. If price pulls back to the 0.6550 or 0.6600 resistance area, it could provide an opportunity to enter a short position. Around 0.6400 Support area we may consider an entry opportunity.
Short
by Horazio
AUDUSD - My Long Setup Example20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Your interest motivates me: If you find my analysis helpful, please boost and follow me for future analysis at your service. How I see it: This is my long setup using FIB levels. Limit orders are not best practice for me, FYI. I will wait for price to come to me and monitor reaction, rejection, candle stick confirmations etc. My Stop Loss is below structure support which allow for fake outs. Price might not even reach my first order in this case, but you get the idea, I'm sure. KEYNOTE: This is NFP Week, make sure you check your calendar before each session always! I deeply appreciate you taking the time to study my analysis and point of view.
Long
by ANROC