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AUDUSD

AUDUSD to bounce from oversold extremes?AUDUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Bullish divergence is expected to support prices. Previous support at 0.6585 now becomes resistance. A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level. We look to Buy a break of 0.6585 (stop at 0.6560) Our profit targets will be 0.6645 and 0.6660 Resistance: 0.6620 / 0.6660 / 0.6720 Support: 0.6560 / 0.6530 / 0.6500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Potential bullish reversal?AUD/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6586 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 0.6530 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Take profit: 0.6646 Why we like it: There is an overlap resistance level. 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.
Long
by VantageMarkets
I'll Long AUDUSD If This HappensI've been following AUDUSD closely, and since February 2021, we've been in an extended downtrend on the monthly timeframe. However, for the first time, we saw a break of structure (BoS), as the September monthly candle managed to break and close above the previous monthly LH. This break of structure is notable, as it could indicate a potential shift in the long-term trend. Though the impulsive move that resulted in September's break of structure wasn’t the strongest, likely due to price respecting the month-long trendline, it'll be interesting to see if buyers can defend price so that the current monthly HL isn’t taken out by sellers. While we’re seeing a large sell candle in October, buyers can still be considered in control as long as the monthly HL remains unbroken. Let’s move to the weekly timeframe to see if any interesting price data emerges there. On the weekly timeframe, as seen in the chart above, the previous weekly HL has been broken meaning sellers are gaining control over the buyers as they were able to break and close below the previous low. Not a single rejection. But does this mean we should all scream sell and short the life out of AUDUSD? Well, our business is not to be on the sell or buy team, our concern should be to make money regardless of the market trend. To do that, we need to look for patterns that suggest the probability of one outcome over another. That’s exactly why we’re doing this top-down analysis. So far, from the monthly timeframe down to the weekly, nothing has clearly indicated where we should buy or sell, even though we’re seeing strong red impulsive candles. Next, let's check the daily. Now, take a look at that pattern on the daily timeframe. What pattern is that? A bird pattern? Or maybe a plane pattern. (I'm Joe King.) It’s actually a falling wedge, a reversal pattern. But does that mean we should start buying AUDUSD? Not yet. It means we should start watching for a change in structure, perhaps on the 4-hour timeframe. Only then should we look out for our entries. Still no trading decision, so let’s check the 4-hour next. Please stay with me. Still no trading decision on the 4-hourly, but there’s a plan. If price can impulsively break the 4-hourly LH at 0.66611 and stays above, then I’ll be looking for a buy on a pullback, probably on the 1-hour timeframe, where I typically look for entries. But… what happens if price continues to trend down? Since I trade based on structure, I’ll be watching for price to pull back after breaking and trading decisively below the weekly HL at 0.66220 . One key lesson I’ve learned in my trading journey is that it’s not just about price breaking a zone; it’s about how it breaks it. From the weekly, we saw price break the weekly HL at 0.66220 . But as we scale down to the daily and 4-hourly, the pattern behind this break hints at a possible reversal. What are your thoughts on AUDUSD this week? Please share in the comment. My trading rule is simple, don't take position based on what you anticipate price will do, take position only when price does what you anticipate and presents you a point of entry.
Long
by youngbossy
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 this 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 :-)
Long
by ShahedZare
End of the week market analysis25th October DXY: Consolidating along 104 round number (50% fib retracement) could trade down to 103.85 price level NZDUSD: Sell 0.5970 SL 20 TP 55 AUDUSD: Sell 0.6610 SL 20 TP 40 GBPUSD: Sell 1.30 SL 25 TP 90 EURUSD: Looking for reaction around 1.0840 USDJPY: Buy 152.20 SL 40 TP 100 USDCHF: Do Nothing USDCAD: Looking for bounce, retail sales data pending Buy 1.3825 SL 15 TP 40 Gold: Likely to fluctuate between 2700 and 2740 while directional bias develops
TVC:DXY
by JinDao_Tai
Aussie H1 | Rising toward a swing-high resistanceThe Aussie (AUD/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6656 which is a swing-high resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.6680 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at 0.6621 which is a multi-swing-low 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. 64% 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. 66% 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
AUDUSD Will Go Up! Buy! Here is our detailed technical review for AUDUSD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.665. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.672 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Potential bullish rise?AUD/USD is reacting off the resistance level which an overlap resistance that lines up with the 23.6% Fibonacci retracement and could rise from this level to our take profit. Entry: 0.6645 Why we like it: There is an overlap resistance level that lines up with the 23.6% Fibonacci retracement. Stop loss: 0.6590 Why we like it: There is a pullback support level. Take profit: 0.6686 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. 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.
Long
by VantageMarkets
2
AUDUSD H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6652, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 0.6620, a swing-low support level. The stop loss will be at 0.6670, a pullback resistance level. 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. 64% 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. 66% 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
AUDUSD What Next? BUY! My dear friends, My technical analysis for AUDUSD is below: The market is trading on 0.6636 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6707 Recommended Stop Loss - 0.6598 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
BoC Rates Decision Pending22nd October DXY: Currently at 104.30, expecting further upside, needs to break 104.45 to trade up to 104.80. NZDUSD: Sell 0.6015 SL 20 TP 40 AUDUSD: Sell 0.6635 SL 20 TP 65 GBPUSD: Sell 1.2950 SL 40 TP 130 (Hesitation at 1.2880) EURUSD: Sell 1.0760 SL 30 TP 80 USDJPY: Buy 152.70 SL 30 TP 130 (hesitation at 61.8% 153.30) USDCHF: Buy 0.8710 SL 15 TP 40 USDCAD: Buy 1.3860 SL 20 TP 60 or (counter trend) Sell 1.3920 or 1.3820 (need to hear hawkish BoC) Gold: Buy on retracement, or scalp up to 2760 and 2768
TVC:DXY
by JinDao_Tai
AUD/USD Technical Analysis: (READ DESCRIPTION)AUD/USD Technical Analysis: Bullish Momentum Expected Above 0.6660 Pivot Point: 0.6660 The pivot at 0.6660 acts as a key support level, determining the near-term direction of the AUD/USD pair. As long as the price holds above this level, a bullish move is anticipated. Our Preference: Long Positions Recommended Trade: Long positions are preferred as long as the price remains above the 0.6660 pivot point. This suggests a potential rise toward higher resistance levels. Target Levels for Upside Movement: First Target: 0.6700 This represents an intermediate resistance where traders may look to take profits or assess continuation. Second Target: 0.6720 If the first resistance is surpassed, further gains toward 0.6720 are likely, indicating stronger bullish momentum. Alternative Scenario: Downside Risks If the price drops below 0.6660: Bearish Outlook: First Target: 0.6650 Second Target: 0.6635 These levels serve as potential support areas in a bearish scenario. Technical Insights: RSI Indicator: The RSI lacks downward momentum, signaling potential for further upside. This supports the bullish outlook and suggests that selling pressure may be limited. Moving Averages: AUD/USD trading above its short-term moving averages would further confirm the bullish trend if sustained.
by CharivapaAlgo
Levels discussed on 22nd October Livestream22nd October DXY: retracing, testing 103.80 support level, needs to stay above 103.60, to continue uptrend to 104.20. NZDUSD: Sell 0.6015 SL 20 TP 40 AUDUSD: Stays below 0.67, Sell 0.6680 SL 20 TP 60 GBPUSD: Retracing, Look to test and reject trendline, Sell 1.3025 SL 20 TP 50 EURUSD: Look for reaction at 1.0780 support level or 1.0870 resistance level USDJPY: Buy 151.15 SL 40 TP 65 USDCHF: Sell 0.8630 SL 10 TP 20 USDCAD: Buy 1.3860 SL 20 TP 60 Gold: Look for retracement possibly to 2715, buy on dip, for 2750 target
TVC:DXY
by JinDao_Tai