AUDUSD
AUDUSD H4 | Fall from a pullback resistance?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.6576, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6464, an overlap support level.
The stop loss will be at 0.6642, a pullback resistance level.
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Rising towards 50% Fibonacci resistance?AUD/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6567
Why we like it:
There is a pullback resistance that lines up with the 50% Fibonacci retracement.
Stop loss: 0.6620
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.6476
Why we like it:
There is a pullback support level.
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AUD/USD looks poised to recoverOvernight, the Reserve Bank of Australia acknowledged potential risks to the downside but overall, the policy statement suggests a greater concern with the possibility of inflation remaining elevated than with any shortfalls in economic activity. Cash rate futures currently indicate a roughly 90% probability of a 25-basis point rate cut by the meeting on December 10. That is way less than what the markets are pricing in for the US Federal Reserve, which raises the question why the AUD/USD is not rising? Well, I think it is a matter of time and is contingent on risk appetite improving after what has been a bruising week. But that hammer candle from yesterday and today’s mildly bullish PA suggests that a rebound could be on the cards as we head deeper into the week.
By Fawad Razaqzada, market analysts at FOREX.com
AUD/USD remains under pressure as RBA holds ratesThe Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing.
The Reserve Bank of Australia held the cash rate at 4.35% for a seventh straight time today. The markets had fully priced in this move and the Australian dollar’s reaction has been muted.
At her press conference, RBA Governor Bullock said that policymakers had discussed the possibility of raising rates at today’s meeting. This has become a pattern for the RBA, which considered hiking rates in previous meetings but opted to hold rates each time. Bullock dropped a bombshell when she said that the central bank was unlikely to lower interest rates for at least six months due to inflation being too high.
Bullock said that the markets were “a little bit ahead of themselves” in pricing rate cuts, but the markets still expect the Bank to start lowering rates before the end of the year. The RBA is currently forecasting that inflation, which rose to 3.8% in Q2, will not drop to the midpoint of the 1-3% target band until mid-2026.
The RBA Governor noted the sudden meltdown in global stock markets, but said this development had not factored in to today’s rate decision. The rout stocks was a reaction to a soft US employment report on Friday, which has raised fears of a US recession.
The Australian dollar wobbled on Monday, falling as much as 2.4% before recovering most of these losses. The S&P ASX 200 index, the country’s benchmark stock index, declined by 3.7% on Monday but has stabilized today.
There is resistance at 0.6562 and 0.6627
0.6455 and 0.6390 are the next support levels
AUDUSD trading scalpingAustralian Dollar declines due to increased risk aversion, awaits US Services PMI
The Australian Dollar declines following the soft Purchasing Managers Index data release on Monday. Australia Composite PMI fell to 49.9 in July from 50.2 in June, with Services PMI decreasing to 50.4 from 51.8. The US Dollar lost ground as recent downbeat employment data boosted expectations of a Fed rate cut in September.
BUY AUDUSD now zone 0.64300-0.64100
↠ Stoploss 0.63900
→ Take Profit 1 0.64600
→ Take Profit 2 0.65300
Overlap resistance ahead for the Aussie?The price is rising towards the pivot and could reverse to the 1st support.
Pivot: 0.6559
1st Support: 0.6465
1st Resistance: 0.6624
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AUDUSD Technical Analysis! BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6482
Bias - Bullish
Safe Stop Loss - 0.6433
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6564
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
AUDUSD gets a clear verdict from Ichimoku … the week of 05 Aug,First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis.
On the daily time frame, Ichimoku Kinko Hyo screams … bearish!! Here is why:
Future cloud – bearish
Price broke out of the cloud to the down side - bearish
Tenkan Sen cross below Kijun Sen – bearish
Tenkan sen pointing to the down side - bearish
Chikou span is below price and the cloud – bearish
Expect some resistance/stalling at the 0.6450 area.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
AUD/USD slides on fears over the US economyThe Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie has pared those losses and is down 0.96% at the time of writing, trading at 0.6448.
The Reserve Bank of Australia meets early Tuesday and it’s a virtual certainty that the Bank will hold the cash rate at 4.35%. The RBA has maintained rates six straight times and policy makers have discussed raising rates at recent meetings. This goes against the grain of the current trend in which central banks are lowering rates.
The RBA would prefer to lower rates, which are at a 12-year high and are squeezing businesses and households. The problem remains stubborn inflation, which moved the wrong way in the second quarter, rising from 3.6% to 3.8%. This is well above the RBA’s upper band of its target range of between 1 and 3% and it won’t be a surprise if policy makers again debate raising rates at tomorrow’s meeting before keeping rates on hold.
With the RBA expected to stay pat, the markets will be focusing on the rate statement and Governor Bullock’s press conference. The message from the RBA is expected to be along the lines that inflation remains too high and it’s premature to cut interest rates.
The Federal Reserve is aiming for a soft landing for the US economy, but concerns are rising that the economy could tip into recession. US nonfarm payrolls for July slowed to 114 thousand on Friday, much lower than the revised 179 thousand in June and the market estimate of 175 thousand.
The labour market has cooled much more quickly than expected, and there have been calls for an emergency unscheduled rate cut. The Fed would prefer not to make such a move, which could panic the markets, but the next meeting on September 18th is looking far away. Can the Fed afford to wait until then to deliver a rate cut?
AUD/USD pushed through 0.6471 and is testing support at 0.6432
There is resistance at 0.6520 and 0.6559
EUR/USD : The Price Will Fall ? (READ THE CAPTION)By analyzing the #EURUSD chart on the 4-hour time frame, we observe that on Friday, the price reached the Bearish Order Block around 1.09240 and finally showed an initial negative reaction after a significant upward movement. The last traded price in EURUSD was 1.09097, and if the price can stabilize below this critical resistance level, we might see a price drop to fill the liquidity void created by this rise. This analysis will be updated accordingly.
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Best Regards , Arman Shaban
AUDUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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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 :-)
AUD/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
AUD/USD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.663 area.
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AUDUSD Is Approaching The DowntrendHey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.656000 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65600 support and resistance area.
Trade safe, Joe.
AUD/USD Setup The AUD/USD pair has reached my Point of Interest (POI) and is showing a strong rejection, indicating a potential bullish swing. Gold has found support and is expected to rise, while the US Dollar has encountered resistance and is likely to begin a bearish trend.
1Hr TimeFrame
4Hr Timeframe
WEEKLY FOREX FORECAST July 15-19th: EUR GBP AUD NZD CAD CHFThis is Part 2 of the Weekly Forex Forecast for July 8-12th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
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AUDUSD Massive Short! SELL!
My dear friends,
AUDUSD looks like it will make a good move, and here are the details:
The market is trading on 0.6549 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6534
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
XAU/USD : Get Ready for another Bullish Move !(READ THE CAPTION)Upon reviewing the 2-hour chart of #gold, we observe that yesterday's price initially rallied, maintaining support at $2389 and rising to $2396. However, this was short-lived as gold faced selling pressure, correcting down to $2369. As highlighted on the chart, the $2365 to $2375 zone is a significant demand zone, where the price respected this support and subsequently rose to $2391. Currently, gold is trading around $2390, and I anticipate a short-term upward movement. The next target levels are $2394, $2400, $2404, and $2413. Other key levels are marked on the chart. (This analysis will be updated.)
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Pre NFP Analysis2nd August (NFP Pending)
DXY: could see weaker NFP (155k), DXY to retest 104.45, reject to trade down to 104 round number. Could trade down to 103.65 if <155k.
NZDUSD: Sell 0.5910 SL 15 TP 45 (DXY strength)
AUDUSD: Buy 0.6505 SL 20 TP 60 (DXY weakness)
USDJPY: Sell 148.40 SL 50 TP 210 (Hesitation at 147.30) or Buy 149.75 SL 50 TP 220 (Double Bottom)
GBPUSD: Sell 1.2690 SL 20 TP 70 (Pre news)
EURUSD: Buy 1.0825 SL 20 TP 60 (DXY weakness)
USDCHF: Sell 0.8740 SL 20 TP 60
USDCAD: Sell 1.3885 SL 20 TP 60 (DXY weakness)
Gold: Could retrace to test 2450 then rebound to 2480