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AUDUSD

AUD/USD sinks ahead of GDPThe Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing. Australia’s economy has been sputtering and the markets aren’t expecting much change from second-quarter GDP on Wednesday. GDP is expected to trickle lower to 1% y/y, down from 1.1% in Q1, which was the weakest pace of growth since Q4 2020. Quarterly, the market estimate for GDP stands at 0.3%, compared to 0.1% in Q1. GDP-per-capita is expected to be negative, another indication that economic activity remains subdued. Australia has been hit by a drop in iron ore and core prices and exports fell by 4.4% in the second quarter, which doesn’t bode well for the Australian dollar. The GDP is unlikely to change the Reserve Bank of Australia’s plans when it meets on Sept. 24. The central bank is closely watching inflation, which remains stubbornly high, as well as the labor market. Governor Bullock has said she has no plans to lower the cash rate from its current 4.35% for the next six months. The RBA has stuck to its “higher for longer” stance and has maintained rates since November. The Federal Reserve is widely expected to lower rates on September 18, with a 70% likelihood of a quarter-point cut and a 31% likelihood of a half-point cut. Ahead of the meeting is a crucial employment report on Friday. The previous jobs report was much weaker than expected and triggered a meltdown in the financial markets. Another weak jobs report would raise the likelihood of a half-point cut, while a solid release will cement a quarter-point cut. AUD/USD has pushed below support at 0.6780 and is testing support at 0.6737. Below, there is support at 0.6708 0.6809 and 0.6852 are the next resistance lines
by OANDA
Levels discussed on Livestream 3rd September3rd September DXY: Still in consolidation. Watch the resistance at 102 round number. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15 NZDUSD: Sell 0.6205 SL 20 TP 60 AUDUSD: Retracing, could retest 0.68 resistance level GBPUSD: Buy 1.3170 SL 40 TP 90 EURUSD: Look for reaction at 1.10 round number support level USDJPY: Sell 145.70 SL 250 TP 80 USDCHF: Could trade higher, look for reaction at resistance level USDCAD: Could trade lower, look for reaction at support 1.3440 Gold: Choppy price action, until 2508, beyond that, could trade up to 2520
TVC:DXY
by JinDao_Tai
AUDUSD M15, Intraday TradeI just shorted AUDCAD, Bearish 5-0 Pattern on the 1-hourly chart, and now AUDUSD on this Bearish Gartley Pattern. It seems like the Australian dollar may have a bearish movement for the next couple of hours. If you have been following, you should know I don't usually trade on the M15 chart, but this one has an upsize trade component. What is an upsize trade? An upsize trade is a trading setup that allows me to stretch my final target to the next pattern completion. It's a Trade Management skill that I've used for years. Before using it, You must be very familiar with the product and strategy.
Short
by RaynLim
Happy Labour Day!2nd September DXY: Within the bullish channel, (upside) could trade up to 102 resistance, needs to break 101.80. Downside only if price breaks below 101.50 (23.6%) NZDUSD: look for reaction at 0.6220, Sell 0.62 SL 25 TP 60 AUDUSD: Buy 0.6810 SL 20 TP 40 GBPUSD: Sell 1.31 SL 40 TP 65 EURUSD: Look for reaction at 1.10 round number support level USDJPY: Look for reaction at 147 resistance level USDCHF: Sell 0.8460 SL 20 TP 55 USDCAD: Buy 1.3525 SL 20 TP 70 Gold: Break above 2500 to trade up to 2515 and 2530, needs to stay above 2480
TVC:DXY
by JinDao_Tai
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by RaynLim
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 these 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
Downside Ahead for Aussie - COT Strategy Short DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Australian Dollar (6A) My COT strategy has me on alert for short trades in 6A if we get a confirmed bearish change of trend on the Daily timeframe. COT Commercial Index: Sell Signal OI Analysis: Last 3 weeks of price rally has seen OI increasing while the CM's have been getting out of their longs. This is bearish. ADX: Pinch forming. Valuation: Overvalued VS Treasuries True Seasonal: Strong seasonal tendency for this currency to go down to early October. COT Small Spec Index: Sell Signal Supplementary Indicators: POIV, %R & Stochastic Sell Signals Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside. Good luck & good trading.
CME:6AU2024Short
by Tradius_Trades
Market Analysis: AUD/USD Regain StrengthMarket Analysis: AUD/USD Regain Strength AUD/USD is consolidating gains from the 0.6825 zone. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar rallied above the 0.6735 and 0.6750 resistance levels against the US Dollar. - There is a key bullish trend line forming with support at 0.6795 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6700 support. The Aussie Dollar was able to clear the 0.6735 resistance to move into a positive zone against the US Dollar, as mentioned in the previous analysis. There was a close above the 0.6750 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6825 zone. A high was formed near 0.6824 and the pair recently saw a minor pullback. There was a move below the 0.6810 level. The pair declined below the 50% Fib retracement level of the upward move from the 0.6764 swing low to the 0.6824 high. On the downside, initial support is near a key bullish trend line at 0.6795. The next major support is near the 76.4% Fib retracement level of the upward move from the 0.6764 swing low to the 0.6824 high at 0.6780. If there is a downside break below the 0.6780 support, the pair could extend its decline toward the 0.6750 level. Any more losses might signal a move toward 0.6735. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6810. The first major resistance might be 0.6825. An upside break above the 0.6825 resistance might send the pair further higher. The next major resistance is near the 0.6880 level. Any more gains could clear the path for a move toward the 0.7000 resistance zone. 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
2
Aussie H1 | Rising into swing-high resistanceThe Aussie is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6821 which is a swing-high resistance. Stop loss is at 0.6844 which is a level that sits above a resistance that is identified by a Fibonacci confluence i.e. the 78.% projection and the 127.2% extension levels. Take profit is at 0.6789 which is a swing-low support that aligns close to the 61.8% Fibonacci extension 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. 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
Levels discussed on Livestream 29 August29th August DXY: Could trade higher, needs to break above 101.20 (61.8%) to retest of 101.60 NZDUSD: Retracing down, look for reaction at 0.6220, Buy 0.6235 SL 25 TP 60 AUDUSD: Buy 0.6815 SL 20 TP 40 GBPUSD: Could trade up to 1.33, look for reaction at the strong resistance level. EURUSD: Sell 1.1085 SL 40 TP 85 USDJPY: Sell 144.80 SL 40 TP 140 USDCHF: Buy 0.8445 SL 20 TP 40 USDCAD: Sell 1.3435 SL 20 TP 70 Gold: Could trade slightly higher, look for retest of 2500 to buy the bounce
TVC:DXY
by JinDao_Tai
$AUDUSD | Sell Trade | Market Exec |Technical Confluences: Price is at Overbought conditions Daily timeframe Price action is close to a resistance trendline and entering an Interest Zone Fundamental Confluences: Very similar to the OANDA:NZDUSD posting I did, all other Central Banks in the DM space wanting to cut rates, it negates off the yield premium that NZD would be getting against USD Market is consolidating after all the USD sell-off and profit-taking mood before NFP is likely to happen AUD being a commodity currency is greatly affected by China's economic performance and it is currently still looking bleak ----- I have also taken a Short position in the FX:AUDUSD trade and monitoring that the Resistance trendline and Interest Zone don't break. Within the Orange Zones, I will look to add position if I see further support that the Resistance will hold -----
Short
by weekendanalyst