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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AUD/USD Analysis: Potential Upside Momentum in the Coming DaysThe AUD/USD pair may experience a bullish move in the coming days or weeks. On Friday, November 8, we observed the pair respecting a key daily trendline and establishing fresh higher lows on the Daily timeframe. Notably, on Thursday, November 7, the pair reached its weekly high at 0.6672, which serves as a significant daily resistance level. Following this, the bullish momentum faded, leading to a retracement down to 0.65582. As we look ahead to the upcoming week, there is potential for a renewed push to the upside, aiming for new higher highs. We are eyeing buy entries above the key resistance level at 0.6672. Trading Plan: Monitor the price action closely and look for confirmations before entering buy positions above 0.6672. Remember to trade safely and responsibly.
Long
by TeptForex
2
AUDUSD Will Go Up! Long! Please, check our technical outlook for AUDUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.664. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.668 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
AUD/USD Forecast: Key Levels in Focus for Potential Reversal🔄 **AUD/USD Forecast: Key Levels in Focus for Potential Reversal** 📉📈 AUD/USD is currently at **0.65913**, and we’re watching closely as it approaches key levels that could signal a reversal or continued movement. Here’s what we’re seeing in the near term: 🔍 **Key Levels to Monitor:** - **Zone 1:** 0.66011 to 0.65485, with a potential drop to **0.65060** - **Zone 2:** 0.65356 to 0.66314, indicating a possible upward reversal 💡 **Market Insight:** A break below **0.65485** may confirm a bearish move toward **0.65060**. However, if AUD/USD holds above **0.65356** and approaches **0.66314**, it could signal a shift to an upward trend. We’re keeping an eye on price action for entry signals! 👉 What’s your outlook for AUD/USD? Drop your analysis in the comments! #AUDUSD #ForexTrading #PricePrediction #KeyLevels #Pipnest
Long
by pipnest
2
Trade 5: AUD/USD - 3.89 RR Ratio - TP Hit(Similar to Trade 4) : Possibly due to same currency in the pair Longer Time Frame: 1D 1. A Bullish Engulfing candle was formed on 7th Nov, breaking the structure of downward trend 2. Pulling fib retracement from pivot low to pivot high, we can see the price is currently in between 0 and 0.236 levels of fib Shorter Time Frame: 30min,15min,5min 1. At point "1" we can see that price took resistance, however the 30min and 15min, the shorter HMA was still above the medium HMA 2. We waited until the medium HMA crosses over shorter HMA in 15min timeframe Bias: Short Since there was an bullish engulfing candle in longer time frame, we are expecting a pullback to retest the bullish trend. Even in the shorter time frame, we see a double top being formed. Entry: 1. The next cross under of shorter EMA with medium EMA when the medium HMA crossed over shorter HMA 2. Waited in 15min timeframe to observe the EMA cross under 3. Dint wait for FVG, entered at the open of next candle of break out Target: 1. 0.236 level of Fib (Achieved) 2. If 0.236 is broken, can be pushed to 0.382 level SL: Above the EMA cross under in 5min time frame
Short
by MyWayofLookingThings
AUDUSD buying Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity onAUDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexMasters2000
AUDUSD H1 -AUD Strongest Currency Against USD Weakest=UpTrend(2)This indicates which currencies are GAINING value and which currencies are LOSING value. As a result, we see which pairs to trade. By trading the currency gaining the most value against the currency losing the most value = We aspire to ride the strongest trends, obtain the highest performance, be in the safest trades and to avoid the choppy chaotic charts. --- This layout displays the Value, Performance and Pressure behind each currency. Let's break it down by panel. -- In the top panel: Indicator 'Currencies' / Settings: Performance All 8 Currencies. We see the performance of all 8 major currencies. Most recent bars: AUD (Orange line) is the strongest currency. USD (Red line) is the weakest currency. So, we bought the AUDUSD pair because both currencies are going opposite ways (AUD going up / USD going down). -- In the second panel: Indicator 'Currencies' / Settings: Pair Performance. We see the Performance of the 2 currencies of the pair on chart. The AUD (Orange line) and the USD (Red line) + the Pressure of the Pair in the background. The brighter the color in background = The higher is the performance for the pair on chart. -- In the 3rd panel: Indicator: The 'Template'. (Over 10 years in R&D to paint the chart perfectly.) Resistance was broken and retested. Resistance became support. -- In the 4th panel: Indicator 'Currencies' / Settings: Pressure. We see the Pressure behind each currencies of the pair on chart. The Higher is the line = More Upside pressure. The Lower is the line = More Downside pressure. -- 5th panel: Indicator 'Currencies' / Settings: Value of the Base currency (AUD). Displays the Value of the AUD + Intensity Background (Up/Down) 6th panel: Indicator 'Currencies' / Settings: Value of the Quote currency (USD). Displays the Value of the USD + Intensity Background (Up/Down) Strategy for 5th and 6th panels: Blue Background (One Currency Gaining Value) AGAINST Red Background (One Currency Losing Value) = Pair Trending. (If you want to learn more about this, we have recorded a video. Comment 'Video'.)
Long
by ascension
Pick of the Currency Outbreaks AUDUSD. More bulls ahead. This is the Daily chart of AUDUSD. It's up well over 1% today. It looks to have strength continuing to the upside due to a change in momentum favouring the Aussie. You can see in the chart of daily how the 200ema has turned in favour of the Aussie. I would be looking for a pullback to this 200ema which is about 0.6652 to 0.6655 to offer a wider zone of buying. If you look ahead on the Daily, you will see a huge head n shoulders bullish setup which the bulls will be chasing. I wrote a month or 2 ago how I expected the Aussie to breakout, but the USD has also returned to strength. We also saw AUD perform very strongly against a basket of of other currency's in the Asian session earlier.
by Easy_Explosive_Trading
AUD/USD Potential Bearish Reversal from Resistance ZoneAnalysis Summary Resistance Zone and Strong High: The price has reached a resistance zone around 0.6630, with a strong high marked near 0.6629. This area could provide selling pressure, setting up a potential bearish reversal if the price fails to break above this level. Change of Character (CHoCH): Multiple CHoCH signals on the chart indicate shifts in market sentiment. The recent CHoCH near the current price aligns with the resistance zone, suggesting the possibility of a reversal if sellers step in. Support Levels: Key support levels are noted at 0.6611, 0.6584, and 0.6546. These zones may act as targets if the price reverses, providing potential buying interest on the way down. Weak Low: The weak low near 0.6546 could serve as a downside target if bearish momentum intensifies, signaling a continuation of the bearish trend upon a break of this level. RSI and MACD Signals: The RSI shows a bearish divergence, suggesting overbought conditions, which supports the case for a reversal from the resistance zone. The MACD also indicates a potential bearish shift, as it appears to be flattening out, signaling a decrease in bullish momentum. Potential Scenarios: Bearish Reversal from Resistance Zone: If the price is rejected at the 0.6630 resistance zone, it could initiate a bearish move toward the support levels at 0.6611, 0.6584, and potentially 0.6546, with the RSI and MACD supporting a downside move. Breakout Scenario: If buyers push through the resistance at 0.6630 and the price sustains above it, this could invalidate the bearish setup, signaling a potential bullish continuation. Conclusion AUD/USD is facing a significant resistance at 0.6630, where a bearish reversal could unfold, supported by the RSI and MACD indicating overbought conditions. Traders may look for short opportunities around this level, targeting support zones below. Monitoring price action near the resistance zone and RSI/MACD behavior will be key for confirming the next move.
Short
by SwiftSignalFX
2
AUD/USD Maintains Strength Amid Positive Economic IndicatorsThe Australian Dollar (AUD/USD) continues to trade at elevated levels after experiencing notable gains in the previous session, predominantly fueled by the release of encouraging Purchasing Managers Index (PMI) data on Tuesday. This uptick in the currency reflects an optimistic outlook on Australia’s manufacturing and service sectors, bolstered by better-than-expected economic performance. In a significant policy decision, the Reserve Bank of Australia (RBA) has opted to maintain the Official Cash Rate (OCR) at 4.35%. This decision marks the eighth consecutive month in which the RBA has paused its rate adjustments, signaling a careful approach as the central bank navigates the complexities of the current economic landscape. Analysts speculate that the RBA is likely to hold the current rates in its upcoming policy meeting, aiming for stability amid evolving economic conditions. From a technical analysis perspective, recent price movements have indicated a rebound from key demand zones in the market, suggesting a potential shift toward a new bullish trend. Traders are paying close attention to seasonal patterns and the Commitment of Traders (COT) report, which reveals that retail investors continue to push for lower prices. This behavior often provides valuable insights into market sentiment and could indicate that a reversal may be on the horizon. The confluence of improved economic indicators, steady monetary policy, and technical analysis suggesting a bullish trend makes the AUD/USD an asset worth watching. As investors remain alert to shifts in economic data and global market conditions, the Australian Dollar could present opportunities for those looking to capitalize on potential upward momentum in the near term. In summary, the outlook for the Australian Dollar remains robust as it navigates through strong economic signals and a stable policy environment. Market participants are keenly observing developments in both the macroeconomic landscape and technical formations, which could shape trading strategies in the weeks to come. ✅ 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.
by FOREXN1
3
AUD/USD Analysis – 31 October 2024Following yesterday's U.S. elections, AUD/USD reached new monthly lows, touching 0.65132 after an extended bearish trend. On the 4-hour timeframe, the pair has formed a double-bottom pattern, a potential reversal signal, indicating that bullish momentum may be building. Given the current political landscape post-election, the USD could experience fluctuations as markets digest potential shifts in U.S. fiscal policy. This environment could create an opening for AUD/USD to pivot upward. With the technical setup and supportive conditions, AUD/USD appears poised for a potential rally in the coming days. Traders should monitor resistance levels closely and keep risk management strategies in place, as post-election sentiment can lead to rapid market adjustments.
Long
by TeptForex