AUDUSDAUDUSD price is near the resistance zone 0.63238-0.63289. If the price cannot break through the 9.63289 level, it is expected that the price will drop in the short term. Consider selling the red zone.
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AUDUSD
Buy the Dips? AUD/USD Eyes 0.65 After BreakoutAs mentioned, I remain bullish on AUD/USD and expect a rise to 0.65.
Over the past 10 days, the pair has remained virtually unchanged, fluctuating within a tight 50-pip range between 0.6250 and 0.63. However, yesterday, AUD/USD showed some strength and broke above 0.63.
I believe this breakout is genuine, and we could see further acceleration to the upside. My target remains 0.65, and I will stay bullish as long as the 0.62 zone holds.
Buying dips should continue to be the preferred strategy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?AUDUSD MMT Entry Model Perfect Example?
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.62700 zone, AUDUSD is trading in a downtrend and currently is in correction phase in which it is approaching the trend at 0.62700 support and resistance area.
Trade safe, Joe.
Scenario on AUDUSD 13.2.2025I would see AUDUSD like this, if it were to be a short, then the first place I would be willing to enter is the sfp above the high around poc 0.63378 long positions are the first acceptable until the sfp around the support at the level of 0.616-0.613 and then only after the building sfp
AUDUSD sideways consolidation continuesThe AUDUSD currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. However, the recent price action since 24th December 2024, appears to be protracted sideways consolidation.
The key trading level is at 0.6311, which is the current swing high. An oversold rally from the current levels and a bearish rejection from the 0.6311 level could target the downside support at 0.6220 followed by 0.6183 and 0.6163 levels over the longer timeframe.
Alternatively, a confirmed breakout above 0.6311 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 0.6330 resistance level followed by 0.6350.
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Australian dollar drifting after mixed confidence dataThe Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6279, up 0.05% on the day.
Australian confidence indicators were mixed on Tuesday. The Westpac consumer sentiment index climbed 0.1% in February to 92.2 points, which means a majority of the surveyed consumers were pessimistic about econmic conditions. The reading bounced back from a 0.7% decline in January but was shy of the forecast of 0.4%. Consumer confidence remains weak as consumers have been squeezed by high inflation and elevated interest rates. The survey noted that consumers have become more confident that the central bank will lower rates.
The National Australia Bank's (NAB) business confidence index, which rose 6 points in January to +4. However, business conditions index dropped to +3 from +6 a month earlier, as profitability and employment weakened. The NAB survey noted that retail spending has improved and this trend would need to continue if business conditions were to improve.
The mixed confidence numbers come just one week before a crucial Reserve Bank of Australia meeting. A rate cut is virtually certain at the meeting, which would mark the RBA's first rate cut since Nov. 2020. The RBA is yet to join the easing cycle which other major central banks have implemented as inflation has fallen.
The Federal Reserve is widely expected to continue to maintain interest rates at the March meeting. The US economy remains robust and the labor market has slowed gradually, which means there isn't much pressure on Fed policy makers to lower rates in the coming months. Barring unexpected economic news, the Fed is expected to cut rates no more than one or two times in 2025.
AUD/USD tested support at 0.6267 earlier. Below, there is support at 0.6245
There is resistance at 0.6299 and 0.6321
AUD/USD SHORT FROM RESISTANCE
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.611 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUDUSD H4 | Bearish DropBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.6279, which is an overlap resistance.
Our take profit will be at 0.6177, an overlap support level.
The stop loss will be placed at 0.6340, which is a pullback resistance level.
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Levels discussed on Livestream 10th Feb 202510th Feb 2025
DXY: Could trade down to 108 (or consolidate here) before climbing higher to 108.90 or 109 (61.8%).
NZDUSD: Sell 0.5620 SL 20 TP 70 (hesitation at 0.5580)
AUDUSD: In abit of a range, look for test and reaction at 0.6363 resistance level.
GBPUSD: Sell 1.2350 SL 30 TP 85 (watch the trendline)
EURUSD: Sell 1.0290 SL 25 TP 65
USDJPY: Buy 152.40 SL 40 TP 80
EURJPY: Sell 156.25 SL 40 TP 80
GBPJPY: Buy 189.70 SL 60 TP 200
USDCHF: Do nothing, middle of S/R
USDCAD: Buy 1.44 SL 30 TP 60
XAUUSD: Retracing now, needs to stay above 2870, could trade up to 2910
Australia dollar eyes confidence dataThe Australian dollar has started the week with gains. In the North American session, AUD/USD is trading at 0.6275, up 0.60% on the day.
Australia releases business and consumer confidence on Tuesday, with the markets expecting some improvement. Westpac Consumer Sentiment is expected to rebound and gain 0.4% in February after a 0.7% decline in January. The National Australian Bank business confidence index is projected to improve to zero in January, after a -2 reading in December.
China's inflation was a mix, as consumer inflation rose to a five-month high while producer inflation continued to decline. CPI jumped 0.5% y/y in January, up from 0.1% in December and above the market estimate of 0.4%. This was the highest level since August. Monthly CPI rose 0.7%, up sharply from zero in December and an 11-month high, but shy of the market estimate of 0.8%
The producer price index fell 2.3% y/y in January unchanged from December and deeper than the market estimate of 2.1%. This points to deflation which is likely to worsen if the trade war between the US and China continues. On Monday, China's retaliatory tariffs kicked in after the US hit China with tariffs last week.
US nonfarm payrolls decelerate, unemployment falls
US nonfarm payrolls eased to 143 thousand in January, shy of the market estimate of 175 thousand. Still, there weres signs of strength in the labor market - nonfarm payrolls were revised by 100 thousand in the previous two months and the unemployment rate ticked lower to 4% from 4.1%, below the market estimate of 4.1%.
Average hourly earnings rose 0.5%, up from 0.3% in December and above the market estimate of 0.5%. Annually, average hourly earnings rose 4.1%, unchanged from the revised December reading and above the market estimate of 3.8%. The generally positive employment report supports the case for the Federal Reserve continuing to hold rates, possibly until the third quarter. Just a few months ago, it appeared that the Fed would stay aggressive and continue lowering rates into 2025, but with the economy purring along we might see only one or two rate cuts this year.
There is resistance at 0.6351 and 0.6430
There is support at 0.6220 and 0.6141
AUD/USD Breakout Watch: Bullish Continuation or False Alarm?The AUD/USD pair is trading in a consolidation zone after breaking above a key descending trendline, signaling bullish momentum.
The price has retested the breakout level, turning resistance into support, strengthening the outlook. With the RSI at 51.32, holding above 0.6200 could push the price toward 0.6400, with a target near 0.6700.
A drop below this level may trigger a pullback.
XAU/USD : Possible Correction Ahead? (READ THE CAPTION)By analyzing the gold chart on the 30-minute timeframe, we can see that after yesterday's last analysis, the price corrected to $2858 as expected. However, it quickly rebounded, surging 240 pips to reach a new all-time high at $2882!
Today, we finally witnessed some correction from $2882 down to $2848, and gold is currently trading around $2868. If the price manages to stabilize below $2873.5 and experiences a strong rejection from this level, we might even see a correction down to levels below $2850.
With increased market volatility and key macroeconomic events on the horizon, traders should stay cautious. Price action around these levels will be critical in determining the next move, as gold continues to react to fundamental drivers such as inflation data and geopolitical developments. Monitoring price behavior near support and resistance levels will be essential for identifying potential trade opportunities.
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Market Analysis: AUD/USD Rebound: Signs of Trend Shift?Market Analysis: AUD/USD Rebound: Signs of Trend Shift?
AUD/USD started a decent increase above the 0.6200 and 0.6240 levels.
Important Takeaways for AUD USD Analysis Today
- The Aussie Dollar rebounded after forming a base above the 0.6100 level against the US Dollar.
- There was a break below a connecting bullish trend line with support at 0.6255 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 0.6090 support. The Aussie Dollar was able to clear the 0.6170 resistance to move into a positive zone against the US Dollar.
There was a close above the 0.6240 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6300 zone. A high was formed near 0.6301 and the pair recently saw a minor pullback.
There was a move below the 0.6300 level. The pair declined below the 23.6% Fib retracement level of the upward move from the 0.6088 swing low to the 0.6301 high. Besides, there was a break below a connecting bullish trend line with support at 0.6255.
On the downside, initial support is near the 0.6240 level. The next major support is near the 0.6195 zone or the 50% Fib retracement level of the upward move from the 0.6088 swing low to the 0.6301 high.
If there is a downside break below the 0.6195 support, the pair could extend its decline toward the 0.6170 level. Any more losses might signal a move toward 0.6090.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6270. The first major resistance might be 0.6300. An upside break above the 0.6300 resistance might send the pair further higher.
The next major resistance is near the 0.6335 level. Any more gains could clear the path for a move toward the 0.6380 resistance zone.
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Bearish reversal?The Aussie (AUD/USD) is reacting off the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 0.6304
1st Support: 0.6098
1st Resistance: 0.6393
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AUDUSD Has it found Support?The AUDUSD pair gave us an excellent sell signal on our September 18 2024 bearish call (see chart below), which went straight to the 0.63750 Target within the time-frame we expected:
This time we are looking at a potential Support rebound as the price appears to have made a bottom on the 2-year Channel Down Lower Lows trend-line. Based on the upcoming 1W MACD Bullish Cross and the 1D RSI symmetrical positioning, we might be starting a rally similar to October 31 2023 during the last Lower Low.
This rose by +3.82% before pulling back to the 1D MA50 (blue trend-line) again, so our short-term Target is 0.63500. Beyond that, we need to observe whether the 1D MA200 (orange trend-line holds or not, in order to engage in buying break-outs.
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AUDUSD LONG: ISM SERVICES PMI ON TAPUS January ISM services 52.8 vs 54.3 expected. This indicates a slowdown in the US service sector. The service sector in the United States includes many industries that provide services to consumers, such as financial services, education, healthcare, entertainment, technology, construction, and housekeeping. As a result, we expect the dollar to become weaker than the Australian dollar.
Levels discussed on Livestream 6th Feb 20256th Feb 2025
DXY: Retracing from 107 support area, look for reaction between 107.90 and 108.30, above 108.30 could trade up to 109.
NZDUSD: Sell 0.5640 SL 20 TP 50
AUDUSD: Buy 0.6280 SL 30 TP 80 (hesitation at 0.6330)
GBPUSD: Straddle Rates Decision Pending
Sell 1.2430 SL 30 TP 100
Buy 1.2510 SL 30 TP 100
EURUSD: Sell 1.0320 SL 30 TP 90
USDJPY: Buy 153.65 SL 40 TP 90
EURJPY: Sell 157.75 SL 40 TP 120
GBPJPY: Sell 189.70 SL 50 TP 145
USDCHF: Sell 0.90 SL 25 TP 80 (hesitation at 0.8975)
USDCAD: Buy 1.44 SL 30 TP 60
XAUUSD: Retracing, could test 2840 (50%) and bounce higher to 2900
The Friday Forecast; Best Setups Frr Feb 7This market outlook will cover 15 markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
Non Farm Payroll news tomorrow! This is likely to inject a lot of volatility into the markets.
I recommend to wait until after the news is announced before executing on any trades. You never know where the market will go!
Enjoy!
May profits be upon you.
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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.
XAU/USD: A Possible Correction? (Read the caption.)Analyzing the gold chart on the 30-minute timescale reveals that, as expected, the price corrected to $2858 following yesterday's study. However, it rapidly recovered, gaining 240 pips to set a new all-time high of $2882.
Today, we finally had a pullback from $2882 to $2848, and gold is currently trading around $2868. If the market manages to stabilize below $2873.5 and is strongly rejected from this level, we may witness a fall down to depths under $2850.
With increasing market volatility and important macroeconomic events on the horizon, traders should exercise caution. Price activity near these levels will be key in deciding the next move, as gold responds to fundamental variables such as inflation data and geopolitical developments. Monitoring price activity near support and resistance levels will be critical for spotting potential trading opportunities.
Please support me with your likes and comments to encourage me to share more analysis with you and share your thoughts on the potential trend of this chart with me!
By Nexus Trades Zone