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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AudUsd Trade IdeaAU on the daily time frame ended up shifting structure and is now bearish. With the daily last lower high being at 0.67600 we are still considered bearish which is why I'm looking for possible shorts at this level of resistance. If price can break the bullish structures at THIS level then shorts will definitely be my priority on this pair. Price is even wicking the last lower high at 0.67690 so if the daily candle can maintain below resistance we should be in the clear. We'll see what happens.
Short
by OfficialJ23
Am selling AUDUSD now - Both statisticals and Fundamentals modelA slightly bearish bias for AUDUSD this week (starting 17/09/2024) seems reasonable based on several key fundamental factors: 1. US Dollar Strength - Federal Reserve Outlook: The Fed has maintained a hawkish stance in recent meetings, and expectations of sustained higher interest rates in the U.S. provide support for the dollar. Any signal of ongoing hawkishness from the FOMC meeting this week could further boost the USD. - US Economic Data: Recent data, such as inflation (CPI) and labor market resilience, has been solid, reinforcing the market's expectation that the Fed will remain firm on rates. 2. Australian Economic Data - Weakening Domestic Growth: Australia's economic growth has been modest, with concerns over weaker consumer sentiment and housing market vulnerability. A cooling property market and subdued wage growth contribute to a less optimistic outlook. - China's Slowdown: As Australia’s largest trading partner, China’s continued economic struggles (especially in property and industrial production) weigh heavily on the Australian Dollar. Recent weak data from China, particularly around real estate and credit growth, has dampened sentiment. 3. Commodities Influence - Iron Ore Prices: As iron ore is one of Australia’s top exports, any decline in its price (due to China's economic slowdown) could exert downward pressure on the AUD. - Gold Prices (XAUUSD): If gold prices remain under pressure from rising U.S. yields, this could also indirectly weigh on AUD, as Australia is a major gold producer. 4. Risk Sentiment - Risk-Off Environment: Market sentiment globally seems risk-averse, with concerns about global growth, high inflation, and geopolitical risks. The AUD, being a risk-sensitive currency, typically underperforms in such environments. Conclusion: A combination of U.S. dollar strength, weaker Australian economic prospects, China’s slowdown, and potential commodity weakness suggest that **AUDUSD** could be in a slightly bearish trend this week. Keep an eye on key U.S. data releases and Chinese economic indicators, as they will play a critical role in the pair’s direction.
Short
by PERFECT_MFG
2
AUDUSD - Strong support at the moment💎 AUDUSD Analysis 💎 🔸AUDUSD has had a positive rally, currently showing signs of surpassing the 0.6748 threshold, indicating that the uptrend of AUDUSD is still maintained. Therefore, in today's session, AUDUSD is expected to continue to increase to higher levels, with the target towards the 0.68 peak area. Investors should consider placing a BUY order to take advantage of this opportunity. ⚜️BUY AUDUSD 0.67490⚜️ ❌SL: 0.66990 ✔️TP: 0.68100
Short
by TheLeader_WOLF
AUDUSD - Technical Analysis [Long Setup]🔹 AUDUSD Analysis on 1HR chart - The current Trend is BULLISH - there is no divergences - Symmetrical triangle is form 🔹 Trade Plan - Entry Level = 0.67295 - Stop Loss = 0.67058 - TP1 = 0.67546 - TP2 = 0.67791 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul
2
AUDUSD Daily in consolidation modeAfter a fall from mid July the AUD managed to recover some losses after hitting the 0.63487 - 0.64000 Support zone. The bulls tried but due a lack of momentum he 0.68245 Resistance level couldn't be broken bringing he pair to a consolidation mode. Last week the pair found a secondary Support level at 0.66266 pushing the bulls up again. The today's candle is showing a strong reaction which may lead to a re-test to the 0.68240 Daily resistance. The RSI is confirming this upward move heading to the 80 level. On the Fundamental side the market expectations in regards to a possible FED interest rate cut(maybe this week) is just helping the AUD bullish momentum and the dovish RBA to keep the interest rates steady is just adding more gas to the AUD bullish momentum.
Long
by cyberFX2019
Aussie H4 | Heading into resistanceThe Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6798 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 0.6840 which is a level that sits above a swing-high resistance. Take profit is at 0.6687 which is an overlap support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
2