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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AU Bears "Head" Down to Target .6570Here I have AUD/USD on the Daily Chart! From Friday's High @ .67672 to its Low @ .66597, we can see we get the Confirmation of a strong reversal pattern with the Break of the Neckline of the Head & Shoulders! Now what I'd like to see off the same High and Low of Friday is Price give us a 38.2% Retracement of the Low & Pullback to test the Neckline for potential Sell Entries. ( .67008 - .6697 ) Swing High of Head to Neckline = 126.9 Pips Neckline - 126.9 = .6570 (Target) Fundamentals: AUD's undoing comes from a mix of a rise in Unemployment to 4.2% and Retail Sales ending August coming in @ 0% With the horrible run of jobs reports for the USD to start September, it managed to recover to end the week and give the idea that a 50 bps Rate Cut is less likely sitting at a 30% change and a 25 bps Rate Cut more likely at a 70% chance at the Sept 18th meeting. -RBA Interest Rate sits @ 4.35% -Fed Interest Rate sits @ 5.5% This upcoming week will be VERY news heavy for USD seeing as there is: -Core CPI, CPI m & y on Wednesday, Sept. 11th -Core PPI/ PPI m/m & Unemployment Claims on Thursday, Sept 12th!
Short
by Novi_Fibonacci
AUDUSD- Techincal Analysis On 4 hours Time Frame Key Analysis Points: Break of Structure (BOS): A clear breakdown of a previous support area, marked as "BOS" on the chart, signaling a shift in market structure. Resistance Zone: A resistance area is highlighted in red. The price broke through this level, confirming the bearish momentum. Entry Strategy: The chart suggests waiting for a pullback and retest of the resistance zone, around 0.66960, before entering a sell position. Stop Loss: Positioned slightly above the resistance zone at 0.67156 to protect against false breakouts. Take Profit: The target is set at 0.66350, which is a key support zone. Trade Setup Summary: Entry: After a pullback and retest around 0.66960. Stop Loss: At 0.67156 (just above resistance). Take Profit: At 0.66350 (next support level). This analysis reflects a bearish trend continuation, with the pullback and retest serving as a confirmation for entering the short (sell) position. The stop loss is strategically placed to manage risk, while the target aims for a reasonable profit margin.
Short
by factoryforex01
5
AUDUSD ShortsMarket structure bearish on HTFs Entry at Weekly and Daily AOi Weekly Rejection at AOi Daily Rejection At AOi Daily Gave a beautiful Head and should pattern, looking to take advantage of the retest of the Neckline Previous Daily Structure Point Around Psychological Level 0.67000 H4 Candlestick rejection Levels 5.64 Entry 85% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King
Short
by mobbie_zw
2
AUD/USD Struggles Near Weekly Lows as US CPI Data The AUD/USD currency pair exhibited a period of consolidation near the 0.6640 level, marking a weekly low, during the initial half of the trading day. This stability came amid a notable absence of significant economic data, although the US Dollar experienced a slight retreat, influenced by the strengthening of the Japanese Yen. The situation shifted dramatically following the release of the United States Consumer Price Index (CPI) figures. Although the overall CPI numbers met market expectations, the annual core CPI unexpectedly rose by 0.3%, exceeding both forecasts and the previous figure of 0.2%. This development tempered hopes for an aggressive 50-basis-point rate cut by the Federal Reserve in their upcoming meeting, leading to a subsequent decline in the AUD/USD pair. From a technical standpoint, the pair has already reached its take-profit target, and the Australian Dollar has shown a reaction to a Demand area with a noticeable spike recorded yesterday. The latest Commitment of Traders (COT) report paints a contrasting picture: while retail traders are increasing their long positions on the AUD, institutional investors, often referred to as "smart money," are opting for short positions. This divergence between retail sentiment and institutional positioning suggests that while retail traders are optimistic about the AUD, the underlying institutional sentiment remains bearish. Considering these dynamics, there is a significant likelihood that the AUD/USD pair could continue to decline, potentially retesting the lower Demand area in the coming days. Traders are advised to remain vigilant and monitor key technical levels, as the mixed signals from retail and institutional participants may lead to heightened market volatility. ✅ Please share your thoughts about AUDUSD 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
3
AUDUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 0.6687, an overlap resistance close to the 127.2% Fibonacci extension Our take profit will be at 0.6602, an overlap support close to 50% Fibo retracement. The stop loss will be placed at 0.6749, which is an overlap resistance 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, previously FXCM EU 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
UPDATE ON AUD/USD PAIRAUD/USD 1H - Now that we have seen price break structure to the upside we can now look to buy into this market and be safe with our decision as the break in structure tells us that price is going to put in further bullishness. I want to see price now pullback trading us back down to set a new higher low, this will be following the laws of bullish structure, creating higher highs and higher lows. I have gone ahead and marked out an area of interest below. Once price trades us down and into the area of interest, in order for us to have entry confirmation we will want to see price break structure fractally again in and around the zone we have marked out. This BOS can be done on timeframes as low as the 15m. When price breaks structure to the upside we can then look to enter, me personally I will be placing my SL below the zone price trades into and my TP will be set just below the zone I want to see price trade up and into, this giving us a great RR ratio.
Long
by Lukegforex
4
Beginning of AUDUSD workout. H4 03.09.2024Beginning of AUDUSD workout Yesterday in the closed channel I recommended subscribers to look for sales of the Australian dollar from the strong zone 0.6790-0.6816 with the perspective of corrective fall to 0.6640+- The price gave a reaction in the morning and I believe that the push down will continue. It remains to cover a major growth candle and then I will increase sales. It is also desirable that the cumulative starts to grow on the fall, they often get after that. Already right now, even at 0.1 lot almost returned the cost of a monthly subscription
Short
by KovachTrader