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AUDUSD

AUD/USD: Consolidation Amid Strength in Both CurrenciesAUD/USD: Consolidation Amid Strength in Both Currencies The AUD/USD pair remained relatively steady last week, consolidating as both the Australian dollar (AUD) and the US dollar (USD) stood out as some of the strongest currencies in the forex market. While both currencies are supported by robust fundamentals, differing factors drive their respective strengths, creating an interesting dynamic for the pair. Strength in the Australian Dollar The Australian dollar’s strength stems from the Reserve Bank of Australia’s (RBA) ability to maintain its current monetary policy. With interest rates at 4.35%, the RBA faces less urgency to implement sharp rate cuts, supported by: - GDP Annual Growth Rate: Australia’s economy is growing at 1.00% annually, showing moderate but steady expansion. - Inflation and Employment: Relatively high inflation and low unemployment provide the central bank room to hold rates steady, balancing growth with price stability. These factors position the AUD as one of the more stable and attractive currencies among major forex pairs. The Resilient US Dollar On the other hand, the US dollar remains strong, bolstered by robust economic data and the Federal Reserve’s stance on interest rates: - Initial Jobless Claims (Nov. 16): Better-than-expected at 213K, indicating a healthy labor market. - S&P Global Services PMI Flash (Nov.): Surprising to the upside at 57.0, reflecting strong activity in the services sector. With US interest rates at 4.75%, higher than Australia’s, and diminishing prospects of immediate rate cuts, the USD continues to attract global capital. However, the dollar’s strength is moderated by seasonal trends and risk-on sentiment, which tend to favor higher-yielding and riskier assets like the AUD. Key Event Ahead for the AUD The most significant event for the Australian dollar this week will be the release of the Monthly CPI Indicator (October) on Wednesday. The market is anticipating a reading of 2.3%, which will provide crucial insight into inflation trends and the RBA’s potential policy direction. A higher-than-expected result could further strengthen the AUD by reducing expectations of future rate cuts. Seasonality and Risk-On Sentiment Seasonal patterns and a supportive risk-on sentiment are also aiding the AUD/USD pair. Investors’ appetite for riskier assets typically benefits the Australian dollar, which is closely tied to global growth and commodity markets. Conclusion AUD/USD is in a unique position as both currencies are supported by strong fundamentals. While the Australian dollar benefits from steady domestic conditions and inflationary pressures, the US dollar is bolstered by robust economic performance and higher interest rates. The upcoming inflation report in Australia will likely set the tone for the AUD’s near-term trajectory, while broader market sentiment and seasonal trends could favor continued consolidation or moderate gains in the pair. What are your thoughts on AUD/USD? Could the Australian dollar take the lead, or will the US dollar maintain its upper hand? Share your insights in the comments!
Long
by InvestMate
1
Bearish drop?The Aussie (AUD/USD) is rising towards the pivot which acts as a pullback resistance and could drop to the pullback support. Pivot: 0.6557 1st Support: 0.6442 1st Resistance: 0.6645 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
3
AUDUSD: Time to turn bullish again.AUDUSD is bearish on its 1D technical outlook (RSI = 41.008, MACD = -0.006, ADX = 21.063) as it has been declining since the September 30th High. Technically though it is time to turn bullish again as not only has the 1D MACD formed a Bullish Cross, but the double bottom on the 1D RSI is identical to the February 13th 2024 Low. The resulting rebound reached the 0.5 Fibonacci level before a rejection. Consequently, we are turning bullish here, aiming for the current 0.5 Fib (TP = 0.66900). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
AUD/CHF: Watching for the Perfect Resistance TestFor this setup, I’m only looking to sell if price moves into the marked resistance zone (~0.57592). Patience and discipline are key—no zone, no trade. 📉 Market Context: The bearish structure is intact, with lower highs and lower lows showing sellers are in control. The marked resistance zone (~0.57592) is a critical area to watch for rejection. Stop-Loss: Set at 0.57984, above the resistance zone, to invalidate the setup. Target: Aiming for the support level at 0.56833, the next major area of interest. 🎯 Risk Management: Risking 1% of capital on this trade to ensure proper account management. Position size will be calculated based on the entry, stop-loss, and the 1% risk rule. 🧠 Psychology Tip: "Discipline in risk is non-negotiable." 📌 No matter how good a setup looks, risking more than you planned is a fast track to inconsistency. Stick to your 1%, and let probabilities do the heavy lifting.
Short
by CurlyTrader_xo
AUD/JPY: Potential Retest Setup for a Bearish Move Watching for a retracement into the highlighted resistance zone (~100.387) before considering a bearish continuation. This setup aligns with the current market structure and offers an opportunity to join the trend if conditions are met. 📉 Key Observations: Recent break below support turned the zone into potential resistance. Anticipating a retest in this area to confirm rejection before any short entry. The overall market structure remains bearish with lower highs and lower lows. 🎯 Plan: Wait for price to retest and reject the resistance zone. First target: 98.053, the next significant support level. Stop-loss: Above 101.250 to allow for potential volatility. 🧠 Entry Psychology Tip: "Be okay with missing the trade if it doesn’t meet your plan." 📌 Letting the market prove itself before entering builds confidence in your setup and keeps you disciplined. Stay focused on execution, not on the outcome.
Short
by CurlyTrader_xo
AUD/USD: Bullish Momentum Amid RBA SupportThe AUD/USD currency pair has showcased a notable bullish momentum over the past three days, reflecting a growing confidence among traders in the Australian Dollar's strength. However, as the London session commenced today, the pair has experienced a slight retracement, drawing attention to its position within a significant demand zone. This area is not only crucial for potential price reversals but also indicates that traders are actively watching for signs of a possible trend continuation. Central to the pair's performance is the Reserve Bank of Australia's (RBA) hawkish monetary policy stance. Recent developments from the RBA have painted a picture of cautious optimism regarding the Australian economy. Specifically, the minutes released from the RBA's November meeting on Tuesday underscored the board's alertness to the risks of rising inflation. The minutes affirmed the RBA's belief that monetary policy must remain firmly restrictive to combat these inflationary pressures, which has significant implications for the AUD/USD pair. This hawkish outlook from the RBA may serve to bolster the Australian Dollar, as it implies that interest rates could remain elevated or potentially rise further. Such a stance tends to attract investors seeking higher returns, which can lead to increased demand for the AUD. Consequently, this may deter traders from making aggressive bearish bets against the Australian Dollar, providing a supportive environment for the currency pair. In terms of technical analysis, we are observing key indicators that suggest a potential price surge. Historical price patterns, combined with recent market movements, indicate that the pair could be poised for a rebound. Additionally, the latest Commitments of Traders (COT) report supports this outlook, as it reveals positioning trends among institutional traders that align with our bullish expectations. Overall, the combination of a supportive fundamental backdrop, characterized by the RBA's vigilant stance on inflation, alongside favorable technical signals, suggests that the AUD/USD pair is likely to regain upward momentum in the near term. Traders will want to keep a close watch on upcoming economic data and central bank communications, as they could further influence market sentiment and the direction of the pair in the coming days. ✅ 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.
Long
by FOREXN1
3
Market Analysis: AUD/USD Recovers - More Gains Ahead?Market Analysis: AUD/USD Recovers - More Gains Ahead? AUD/USD is attempting a recovery wave from 0.6440. Important Takeaways for AUD/USD Analysis Today - The Aussie Dollar found support near 0.6440 and is now recovering against the US Dollar. - There was a break above a key bearish trend line with resistance at 0.6480 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair dipped from the 0.6685 resistance zone. The Aussie Dollar declined below 0.6500, but the bulls were active near 0.6440 against the US Dollar. A low was formed near 0.6439 and the pair is now correcting losses. There was a move above the 23.6% Fib retracement level of the downward wave from the 0.6685 swing high to the 0.6439 low. There was also a break above a key bearish trend line with resistance at 0.6480. The pair is now above 0.6500 and the 50-hour simple moving average. On the upside, immediate resistance is near the 50% Fib retracement level of the downward wave from the 0.6685 swing high to the 0.6439 low at 0.6560. The first major resistance is near 0.6630. A clear upside break above 0.6630 could send the pair toward 0.6685. The next major resistance on the AUD/USD chart is near 0.6720, above which the price could rise toward 0.6750. Any more gains might send the pair toward 0.6800. On the downside, initial support is near 0.6500 or the 50-hour simple moving average. The next support could be the 0.6480 zone. Any more losses might send the pair toward the 0.6440 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
AUDUSD - Trump continues to influence the dollar!The AUDUSD currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of an upward correction due to the release of economic data this week, we can see the supply zone and sell within those limits with the appropriate risk reward. As long as the drawn upward trend line is maintained, the target of this corrective movement will be the ceiling of the descending channel. The recent U.S. elections have sparked two contrasting narratives about the country’s economic future. One emphasizes economic growth through tax and regulatory cuts, while the other highlights downside risks stemming from tariffs and overall policy uncertainty. However, the business cycle’s strong performance to date remains a key consideration. Forecasts suggest that U.S. economic growth will slightly slow to 2% in 2025, with unemployment rising modestly to 4.5%. Additionally, the Core Personal Consumption Expenditures (Core PCE) index is expected to decrease by 0.5% next year, settling at 2.3%. The Federal Reserve is likely to cut interest rates by 25 basis points in December and reduce them further to 3.75% by the end of Q3 2025. On the trade policy front, significant tariff increases on China are anticipated, though no major changes are expected elsewhere. These tariffs could reduce trade volumes and raise import prices. According to a recent Federal Reserve Bank of New York report, credit application rejection rates in 2024 are projected to be significantly higher than in 2019. The report also indicates that households are expected to be less inclined to apply for credit next year. Rejection rates for mortgage refinancing and auto loans have reached record highs in the survey’s history. Furthermore, the share of Americans refraining from applying for credit due to discouragement is on the rise. Meanwhile, Goldman Sachs has revised its 2025 economic growth forecast for Australia downward, citing potential negative spillovers from the expected increase in U.S. tariffs on China. In its 2025 Australia and New Zealand Outlook report, Goldman now predicts a 1.8% rise in Australia’s GDP for next year, down from its earlier 2% forecast. This adjustment reflects the anticipated impact of tariffs on Australia’s exports, given that China is its largest trading partner. President-elect Donald Trump has threatened to impose a 60% tariff on Chinese exports, aiming to protect American businesses and jobs. In response, Chinese President Xi Jinping has remarked that China-Australia relations have maintained a positive trajectory of growth. He emphasized the need for enhanced coordination and cooperation between the two nations, stating that there are no fundamental conflicts of interest between them. Xi also called on Australia to create fairer trade conditions, announcing China’s readiness to increase imports of high-quality Australian products and encourage Chinese companies to invest in the country.
Short
by Ali_PSND
AUD/USD: Seeking dips for move to 66cAUD/USD has risen for a thirds day from its multi-week low, and shows the potential to head for 66c It is the second day in a row the market closed just off its daily high and the daily RSI (2) is not yet overbought. However, the October high makes a likely interim resistance level which could spark a pullback before dip buyers return. Bulls could seek dips down towards the weekly pivot near 0.6500 in anticipation of its next leg higher, with 0.6560, 0.6584 (November VPOC) and the 0.6600 handle coming into focus.
Long
by CityIndex
Heading into 38.2% Fibonacci resistance?The Aussie (AUD/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the pullback support. Pivot: 0.6543 1st Support: 0.6448 1st Resistance: 0.6596 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish reversal?AUD/USD is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6540 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 0.6598 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 0.6453 Why we like it: There is a pullback support. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
AUDUSD H1 - AUD (Strongest) Against USD (Weakest) = UpTrend (3)This indicates which currencies are GAINING value and which 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. -- 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
8
London Session Focus: USDJPY Momentum & Potential AUDUSD BuyThis morning during the London session, my primary focus is on the USDJPY. We anticipate a momentum low developing below the current price level. Additionally, the AUDUSD has flagged a potential buying opportunity around the 0.6450 level. The EURUSD and GBPUSD (Cable) are also showing potential for bullish moves; however, their price structures are currently less defined than those of the above-mentioned pairs. Trade wisely and happy trading!
by Charts247TradingAcademy