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AUDUSD

AUD/USD Trend Analysis: Exploring Potential Reversal ScenariosAUD/USD extends its gains on Thursday despite the release of soft Consumer Inflation Expectations for July by the Melbourne Institute, reflecting subdued consumer expectations on inflation over the next 12 months. The upward movement in the AUD/USD pair is underpinned by increasing speculation that the Reserve Bank of Australia (RBA) might delay joining the global trend of interest rate cuts or even consider raising rates anew. From a technical standpoint, our analysis identifies a significant supply area affecting major currency pairs against the USD. This area is characterized by a convergence of supply-demand dynamics, seasonal influences, and the key 78.6% Fibonacci retracement level. These factors collectively reinforce our confidence in the potential for a reversal in the price trajectory. ✅ Please share your thoughts about AUDUSD 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.
Short
by FOREXN1
6
Levels discussed on Livestream 1st August 1st August DXY: Found support at 104, retracing, if above 104.20 could test 104.40. (wait for retracement to complete before continuation lower) NZDUSD: Buy 0.5990 SL 20 TP 55 AUDUSD: Do nothing, look for reaction at 0.65 USDJPY: Wait for retracement to complete at 151, Sell 150.75 SL 45 TP 170 GBPUSD: Sell 1.2770 SL 20 TP 65 (BoE decision pending) EURUSD: Sell 1.0795 SL 20 TP 55 USDCHF: Buy 0.8770 SL 25 TP 60 USDCAD: Look for reaction at 1.39 Gold: Could retrace to test 2430, look for rebound to 2450, beyond that 2480
TVC:DXY
by JinDao_Tai
WEEKLY FOREX FORECAST July 29-Aug 2: USD EUR GBP AUD NZD CAD CHFThis is Part 2 of the Weekly Forex Forecast for July 22-26th. In this video, we will cover: USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6J1!
by RT_Money
1
Market Analysis: AUD/USD Remains At RiskMarket Analysis: AUD/USD Remains At Risk AUD/USD declined heavily from well above 0.6650. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar started a major decline below the 0.6610 level against the US Dollar. - There is a connecting bearish trend line forming with resistance near 0.6530 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair struggled to stay above the 0.6650 pivot zone. The Aussie Dollar started a fresh decline below the 0.6620 and 0.6600 levels against the US Dollar. The pair even settled below the 0.6550 level and the 50-hour simple moving average. Finally, it tested the 0.6480 support zone. The recent low was formed near 0.6482 and the pair is now consolidating losses near the 23.6% Fib retracement level of the downward move from the 0.6562 swing high to the 0.6482 low. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near a connecting bearish trend line at 0.6530. The trend line is near the 61.8% Fib retracement level of the downward move from the 0.6562 swing high to the 0.6482 low. The first major resistance might be 0.65740. An upside break above the 0.6570 resistance might send the pair further higher. The next major resistance is near the 0.6610 level. Any more gains could clear the path for a move toward the 0.6660 resistance zone. On the downside, initial support is near the 0.6480 zone. The next support could be the 0.6450 zone. If there is a downside break below the 0.6450 support, the pair could extend its decline toward 0.6415. Any more losses might signal a move toward 0.6365. 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
Pullback support for the Aussie?The price is falling towards the support level which is a pullback support that is slightly below the 161.8% Fibonacci extension and could bounce from this level to our take profit. Entry: 0.6467 Why we like it: There is a pullback support level that is slightly below the 161.8% Fibonacci extension. Stop loss: 0.6442 Why we like it: There is a pullback support level. Take profit: 0.6531 Why we like it: There is a pullback resistance level. 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
Bullish rise?The Aussie (AUD/USD) is currently on the pivot which has been identified as a pullback support and could potentially rise from this level to the pullback resistance. Pivot: 0.6530 1st Support: 0.6492 1st Resistance: 0.6590 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.
Long
by ICmarkets
Levels discussed on Livestream 30th July 30th July DXY: Needs to stay above 104.50, could trade higher to retest resistance at 104.85, beyond resistance, next level at 105.20 NZDUSD: Sell 0.5920 SL 20 TP 45 AUDUSD: Sell 0.6565 SL 15 TP 45 (Hesitation at 0.6545) USDJPY: Look for price to find key level, reaction at 154 or 156 (BoJ news pending) More likely at 156 GBPUSD: Sell 1.2840 SL 25 TP 60 EURUSD: Buy 1.0840 SL 30 TP 60 (DXY weakness, double bottom, low likelihood) USDCHF: No trade, but look for reaction at 0.8920 USDCAD: Sell 1.3830 SL 20 TP 45 (Massive counter trend) Gold: Likely to consolidate along 2390, with upside potential to 2400 (61.8%)
TVC:DXY
by JinDao_Tai
AUDUSD: Curve Analysis (1D)SUMMARY: Overall, the Australian dollar is currently trading cautiously as investors await the release of inflation data that will shape the RBA’s monetary policy trajectory. While technical indicators present a somewhat conflicting picture, the prevailing bearish sentiment in the market is a key factor to monitor. TECHNICALLY: From a technical perspective, the AUDUSD pair exhibits a bearish bias based on the alignment of most moving averages, suggesting a potential downward trend. However, a contrary signal from the Hull Moving Average introduces a degree of uncertainty, potentially hinting at a short-term reversal or divergence from the broader trend. Oscillator indicators offer a more mixed outlook. While several indicators point to a lack of clear momentum, the oversold conditions indicated by the Commodity Channel Index and Williams Percent Range suggest a potential buying opportunity. It's essential to consider that oscillators are most effective when used in combination with other technical tools and fundamental analysis. FUNDAMENTALLY: The Australian dollar held steady around the $0.655 level on Monday as investors adopted a cautious stance ahead of crucial domestic inflation figures. The data, due for release later this week, is expected to significantly influence the Reserve Bank of Australia’s (RBA) monetary policy decision in August. Market consensus points to a persistent core inflation rate of 4% for the second quarter, a level well above the RBA’s target range of 2-3%. This elevated inflation is likely to reinforce expectations of another rate hike in August, with traders currently assigning a 22% probability to a 25 basis point increase. Moreover, market pricing suggests no rate cuts until April next year. While the RBA is poised for a potential tightening, other major central banks are expected to adopt a more dovish stance. The Bank of Japan is anticipated to raise interest rates this week in an effort to bolster the yen, but the Federal Reserve and the Bank of England are likely to maintain their current policy settings, paving the way for potential rate cuts in the coming months.
Short
by ProfessorCEWard
Aussie H4 | Potential bearish breakoutThe Aussie (AUD/USD) is falling towards a potential breakout level and could potentially drop lower from here. Sell entry is at 0.6533 which is a potential breakout level. Stop loss is at 0.6590 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance. Take profit is at 0.6465 which is a 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. 68% 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. 73% 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 29th July 29th July DXY: Consolidating between 104.20 and 104.40, if upper bound of 104.55 broken, could retest 104.80 NZDUSD: Look for reaction at 0.5865 support (buy/sell opportunity) AUDUSD: Sell 0.6540 SL 15 TP 45 (Hesitation at 0.6520) USDJPY: Sell 152.80 SL 30 TP 80 GBPUSD: Sell 1.2840 SL 25 TP 60 EURUSD: Sell 1.0840 SL 25 TP 65 USDCHF: Buy 0.8860 SL 20 TP 60 USDCAD: Buy 1.3850 SL 20 TP 45 Gold: Price needs to break above 2402 to trade up to 2417 and then to 2432
TVC:DXY
by JinDao_Tai
Heading into pullback resistance, could price reverse from here?AUD/USD is rising towards the resistance level, a pullback resistance that is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6591 Why we like it: There is a pullback resistance that is slightly above the 23.6% Fibonacci retracement. Stop loss: 0.6622 Why we like it: There is a pullback resistance level which align with the 38.2% Fibonacci retracement. Take profit: 0.6529 Why we like it: There is a pullback support level. 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 two scenarios trading**Monthly Chart** AUDUSD monthly chart shows that it is moving within a range from June 2023 high of 0.68996 and Oct 2023 low of 0.62700 levels. The previous month's candle closed as bullish indecision after testing the Imbalance Price Action candle (or FVG) of Jan 2024. This month's candle (still active), moved higher to test the range of IPA once more and sold off at around 0.68000 which has provided a high probability trading setup with low risk to move lower on lower time frames (ie. Daily and 4H). I am interested to see how this month (July 2024) will close which provides an indicative direction on AUDUSD next movements from a technical view point. **Weekly Chart** Last week's candle closed as a bearish IPA suggesting the next trajectory to be lower at least to reach the lower target at around 0.646600 level. However, there is also an upside bias for AUDUSD to move higher to sweep liquidity at 0.68000 and then move towards a monthly high at around 0.69000 levels. As the price ranges on the weekly chart, it has two opposite scenarios (ie. Buy and Sell) at certain levels on lower time frames. **Daily Chart** Last week AUDUSD continued it’s move to the downside after it bounced from the key level at 0.68000 (round number). The move was aggressively bearish which indicates a continuation of the downward momentum at least to reach the 0.63500 level I have marked the two expected scenarios in the chart for reference.
Short
by PropSignals
2