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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AUD/USD Reaches Key Supply Area, possible ReversalThe AUD/USD pair has reached our identified supply area, coinciding with the start of the London session. A rejection candle has formed, signaling a potential reversal, with the spike briefly hitting 0.6872 before pulling back. This price action suggests that sellers are stepping in at this level, creating a possible reversal opportunity. Traders are now watching closely for further confirmation of a bearish move. Today, the US CB Consumer Confidence report is set to be released, and this key economic indicator could provide additional momentum for the US Dollar. A stronger-than-expected reading may further bolster the USD, potentially driving the AUD/USD lower and continuing its downward trajectory. With the market's focus on the upcoming US data, we remain poised for a potential short setup in anticipation of a reversal in the AUD/USD pair. Traders should keep a close eye on both the technical patterns and the economic news to confirm entry points. ✅ Please share your thoughts about AUD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
7
Aussie dollar strengthens as RBA moves opposite with Fed The RBA is less likely to cut rates as Australia's labor market remains tight. Australia's Aug Unemployment Rate held steady at 4.2%, while labor participation surged to a record high of 67.1%. Australian Treasurer Jim Chalmers emphasized that the increasing number of jobs and opportunities for Australians is a very encouraging development. The RBA also clarified that inflation could continue to decrease if the Unemployment Rate increases further. As the RBA continues to uphold its hawkish stance while the Fed declares a 0.50% rate cut, the Aussie dollar may persist in its upward trajectory. AUDUSD extended its uptrend, breaching the psychological resistance at 0.6800. The price rose above both EMAs, while EMA21 widened the gap with EMA78, sending a bullish signal. If AUDUSD sustains its uptrend while holding above EMA21, the price could gain upward momentum toward the 0.6870 high. Conversely, if AUDUSD fails to hold above EMA21 and breaks the support at 0.6730, the price may fall further to the 0.6640 level.
by inkicho_exness
Aussie dollar strengthens as RBA moves opposite with Fed The RBA is less likely to cut rates as Australia's labor market remains tight. Australia's Aug Unemployment Rate held steady at 4.2%, while labor participation surged to a record high of 67.1%. Australian Treasurer Jim Chalmers emphasized that the increasing number of jobs and opportunities for Australians is a very encouraging development. The RBA also clarified that inflation could continue to decrease if the Unemployment Rate increases further. As the RBA continues to uphold its hawkish stance while the Fed declares a 0.50% rate cut, the Aussie dollar may persist in its upward trajectory. AUDUSD extended its uptrend, breaching the psychological resistance at 0.6800. The price rose above both EMAs, while EMA21 widened the gap with EMA78, sending a bullish signal. If AUDUSD sustains its uptrend while holding above EMA21, the price could gain upward momentum toward the 0.6870 high. Conversely, if AUDUSD fails to hold above EMA21 and breaks the support at 0.6730, the price may fall further to the 0.6640 level.
by inkicho_exness
AUD/USD 1H Short Setup📉 Entering a short trade on AUD/USD as price breaks below the ascending trendline. I'm watching for a possible rejection at the current highs to confirm downward momentum. 🔻 Entry: 0.67922 (waiting for confirmation after trendline break) 🎯 Take Profit 1: 0.67446 (+47 pips) + Move SL to BE 🎯 Take Profit 2: 0.66924 (+99 pips) 🎯 Final Target: 0.66222 (+170 pips) 📈 Stop Loss: 0.68538 (-62 pips) This setup is based on the potential rejection at the top, with the trendline break acting as a signal for short-term bearish continuation. I'm managing risk with a SL at 0.68400, and once TP1 hits, moving SL to breakeven.
Short
by PipShiesty
AUD/USD: Watch for a Reversal with RBA Decision AUD/USD continues to hit new yearly highs as risk sentiment improves following the FOMC’s 50-basis-point rate cut last week and today’s Reserve Bank of Australia (RBA) meeting, where no rate change is expected. However, a dovish tilt from the RBA meeting notes could shift the pair’s momentum, with the 200-Day Moving Average acting as a key level to watch. Also, keep an eye on the RSI, which is nearing the overbought zone at 70 on the daily chart. Beyond the RBA decision later today, Australian inflation data is set for release tomorrow, with headline inflation expected to drop sharply from 3.5% to 3.1%.
by BlackBull_Markets
idea on a chartThe AUD/USD pair performs strongly above 0.6800 in Monday’s European session. The Aussie asset gains as the Australian Dollar (AUD) outperforms its major peers ahead of the Reserve Bank of Australia’s (RBA) monetary policy decision, which will be announced on Tuesday. Traders expect the RBA to leave its Official Cash Rate (OCR) unchanged at 4.35%, with inflationary pressures remaining persistent and upbeat job growth. Therefore, investors will focus on fresh guidance on interest rates for the remainder of the year. Currently, financial market participants expect that the RBA will keep its OCR at its current levels by the year-end.
by EZIO-FX
AUDUSD Breakout and Retest Continuation StrategyThe market has broken and closed above the significant psychological level of 0.6800, establishing a range zone above this point. Given the prevailing bullish trend, I see a strong possibility for continued upward movement. Currently, the market is testing the weekly level, and it may consolidate within this range for some time. I expect a pullback to the robust support level below, and potentially to the trendline, before making another upward push. Ultimately, I anticipate breaking and closing above the recent higher high (HH) level. My target is the resistance zone at 0.68530. Traders, if you find this idea helpful or have your own insights, please share your thoughts in the comments. I’d love to hear from you! 👩‍💻
Long
by lonelyPlayer0
2
AUD/USD rises to eight-month high, RBA nextThe Australian dollar has started the week with gains. AUD/USD touched a high of 0.6850, its highest level this year. In the North American session, the Australian dollar is trading at 0.6842, up 0.51% on the day. The Reserve Bank of Australia is expected to maintain the cash rate at 4.35% at Tuesday’s meeting. The RBA has held rates since November, making it an outlier among the major central banks, most of which have lowered interest rates. Underlying inflation is at 3.9%, much higher than the target of between 2% and 3%. Australia releases August CPI on Wednesday, with headline CPI expected to fall to 2.8%, compared to 3.5% in July. The RBA was more cautious than other central banks during the rate-tightening cycle and its cash rate peaked one percent below the Federal Reserve. The flip side is that the RBA has been less aggressive as far as cutting rates and Governor Bullock has said that there are no plans to cut before February 2025. The RBA’s rate hikes have chilled economic growth as consumption has fallen sharply and GDP grew by only 1% in the second quarter. Still, the labor market has remained robust and unemployment is at 4.2%, as large-scale immigration has boosted the economy and helped avoid a recession. In the US, today’s PMIs had no impact on AUD/USD. The manufacturing PMI slipped to 47.0 in September, down from 47.9 in August and well off the market estimate of 48.5. This was the lowest level in thirteen months as new orders fell sharply. The services sector is in better shape as the PMI ticked lower to 54.4, compared to 54.6 in August and slightly above the market estimate of 54.3. 0.6865 has held in resistance since December 2023. Above, there is resistance at 0.6923 0.6781 and 0.6723 are the next support levels
by OANDA
1
TRADE SETUP ON AUDUSDHey Trader, Check out this analysis on AUDUSD. The entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by Adefxc
Weekly Forecast - Multiple Scenario's On The Cards, Be Patient1. DXY - NEUTRAL 2. EURUSD - LONG 3. GBPJPY - NEUTRAL 4. USDJPY - NEUTRAL As you can see, multiple pairs have a neutral bias for me going into the week so I'll be paying close attention to how the lower time frames shape up they'll give the first indication of which side of the market we'll see sponsorship in. This means I'll be exercising patience going into the week and waiting for further development from price as capital preservation should be front of mind when setups aren't crystal clear. Let me know your thoughts in the comments below, are you seeing anything different?
by The_Modern_Day_Trader
AUD/USD looking at bullish breakout to multi-year highsAUD/USD is grinding higher towards downtrend resistance dating back to the middle of 2023, putting traders on alert for a potential bullish breakout to multi-year highs. Adding to the potential bullish setup, MACD and RSI (14) continue to provide bullish signals on momentum. As indicated on the bottom pane, the rolling 10-day negative correlation between AUD/USD and USD/CNH has strengthened to -0.9, indicating the Aussie dollar and Chinese yuan have often been moving in the same direction against the US dollar recently. That’s noteworthy as USD/CNH tumbled to fresh multi-year lows last week. If the price breaks and closes above the downtrend located around .6830, consider initiating longs with a stop beneath for protection. Above, former market peaks at .6871 and .6893 are the first levels of note. If they were to go, it would put AUD/USD on track for a retest of the multi-year downtrend dating back to the pandemic highs in early 2021. With limited event risk on the economic calendar and likelihood the RBA will retain its hawkish stance at Tuesday’s monetary policy meeting, it adds to the sense that upside may be easier than downside in the near-term. Good luck! DS
Long
by FOREXcom
AUDUSD InsightPlease feel free to share your personal opinions in the comments. Don't forget to like and subscribe! Following the European Central Bank's 25 basis point rate cut, the Federal Reserve has also implemented a 50 basis point rate cut. During the process of digesting the results of the FOMC meeting, the dollar exhibited significant volatility, even dropping below the 100 mark. Last Friday, the Bank of Japan (BOJ) announced its interest rate decision, where they decided to hold rates steady. However, BOJ Governor Ueda stated during a press conference that the upside risk to inflation has diminished, buying the bank more time for policy decisions. He added that if there is sufficient evidence that the economy is on the expected path, the next policy action will be taken, indicating a more dovish stance than the market had anticipated. Meanwhile, ahead of the Reserve Bank of Australia's (RBA) rate decision on the 24th, The Wall Street Journal reported that despite the economic slowdown, the RBA is expected to maintain its high-interest-rate stance for the time being, possibly until next year. - The RBA's rate decision will be announced on September 24. - The U.S. Q2 GDP and a speech by Fed Chair Powell will be on September 26. - The U.S. August Personal Consumption Expenditures (PCE) Price Index will be released on September 27. The AUD/USD seems to have re-entered the resistance zone of 0.68000–0.69000. Two potential scenarios are anticipated here. First, resistance at the 0.68000–0.69000 range could lead to a drop to the 0.66000 level. Second, a break above the 0.68000–0.69000 range could push it up to the 0.71500 level. If any unexpected movements occur, I will quickly revise the strategy accordingly.
Long
by shawntime_academy
AUDUSD Buy Set Up!!!AUDUSD: On the weekly Timeframe, we can see price is coming off from an FVG after liquidaton 1. Now that the market has liquidated the most recent swing high, we can expect a pullback to at least 25% of last week's bullish candle before looking to liquidate the other swing highs as illustrated by the path tool. This means on LTF, we are looking for a sell to buy scenario. Daily Swing Structure = Bearish Daily Internal Structure = Bullish Daily Fractal Structure = Bullish We trade the immediate structure. In this case, the internal structure is our immediate structure, which means that the most ideal setup would be to look for buying opportunities. However, we need to ask ourselves, where are we buying from? We know that price moves in phases: 1. Phase 1 - Break of structure. 2. Phase 2 - Retest of the previous structure. 3. Phase 3 - Continuation of the dominant trend. Looking at the internal structure, we just broke structure to the upside, meaning that price is in phase 1. Phase 2 brings countertrend opportunities which we can capitalize on. Where is price at? 1. We have just liquidated the most recent swing high. 2. We have tapped into a daily supply Orderblock. From where we are, we may expect price to melt to the downside. The first AoI we can start looking for opportunities would be the first FVG that price didnt mitigate fully (at least to the mean threshold). The second AoI would be the daily OB just below our FVG. The third AoI would be the FVG below the first OB and the fourth AoI would be the the daily extreme OB. I love the first and second Areas of interest because of the presence of the breaker block that price tapped before and bounced off. Going into next week, we want to see a situation where price takes out the PDH and swing high liquidity and then target the internal rnge liquidity. on LTF, we want to see a bullish orderflow and intra-week look to see if that will shift to then begin looking for shorts. ------------------------------------------------------------------------------------------ 4hrs Swing structure = Bullish 4hrs Internal Structure = Bullish 4hrs Fractal Structure = Bullish. Orderflow is bullish. We want to see a continuation of this orderflow. going into next week, - we may get a bullish push to the upside, which is our ideal scenario - or, we may see price dropping into our 4hrs OB (AOI 1) and gain momentum from there as in set up 2. ------------------------------------------------------------------------------------------ 15 Mins Swing structure is bullish 15 Mins Internal Structure Bullish 15mins Fractal Structure is bullish. Orderflow is bullish. If we follow this orderflow, we can see a scenario where we price will be bullish but react from one of the three OBs siting above our the fractal high. If price can sell from there our expectation is for the fractal low to hold and possibly buy from there targeting our 4h OB. Remember, price is fractal, price has broken the fractal structure. We must pullback at least to the BoS Level of the fractal structure before we see a bullish pressure coming into the market. We can buy this market either from a breaker the unicorn model or the 15min OB
Long
by DagemFxStudio
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 :-)
Short
by ShahedZare