AUDUSD
AUDUSD: 4H Curve AnalysisHere's a breakdown of the current AUDUSD market outlook based on the 4-hour timeframe, followed by my setup for the upcoming downtrend as price action approaches the Supply Zone.
OSCILLATORS OVERVIEW
The oscillators are showing a MIXED picture:
Relative Strength Index (RSI) : 59.78, Neutral
Stochastic %K : 76.30, Neutral
Commodity Channel Index (CCI) : 104.73, indicating a Sell
MACD Level : 0.00207, indicating a Sell
Momentum : 0.00375, signaling a Buy
The remaining indicators like ADX, Awesome Oscillator, and Williams Percent Range are neutral, suggesting NO SIGNIFICANT DIRECTIONAL BIAS YET.
In summary, the oscillators show a MIXED to NEUTRAL sentiment with no overwhelming momentum in one direction. However, the CCI and MACD hint at potential SELLING pressure as the pair enters OVERBOUGHT conditions.
MOVING AVERAGES OVERVIEW
The moving averages paint a stronger BULLISH picture:
All key moving averages—SMA and EMA across 10, 20, 30, 50, 100, and 200 periods—are in BUY territory. This shows that the medium and long-term trend remains BULLISH for now.
Notably, the Hull Moving Average (9) is showing a SELL signal, potentially signaling a shift in short-term momentum or exhaustion in the uptrend.
The Ichimoku Base Line is NEUTRAL, indicating indecision.
As price enters the Supply Zone (near overbought levels), I'm preparing to enter short positions with a well-defined strategy:
SLO2 @ 0.6845
SLO1 @ 0.6793
TP1 @ 0.6693
TP2 @ 0.6609
TP3 @ 0.6548
TP4 @ 0.6452
BLO1 @ 0.6430
BLO2 @ 0.6374
🚫 For shorts, the stop-loss is set at 0.6872 (pivot high) to protect against unexpected bullish reversals.
🚫 For potential buys, the stop-loss is placed at 0.6348 (pivot low).
This setup capitalizes on a potential downtrend when AUDUSD hits resistance in the Supply Zone, targeting key levels down to 0.6452. Should the downtrend continue, there’s also room for further downside to 0.6374 and below.
Be prepared for the trade to trigger once price action enters overbought territory. I’ll keep you posted on any key updates as the market develops.
Stay strategic and disciplined!
Levels discussed during livestream24th September
DXY: Currently just below 101, needs to break 100.85 for more downside to 100.60 support level.
NZDUSD: Look for reaction at round number resistance 0.63
AUDUSD: Sell 0.6810 SL 20 TP 60
GBPUSD: Buy 1.3380 SL 30 TP 60
EURUSD: Buy 1.1150 SL 15 TP 50
USDJPY: Sell 143.70 SL 50 TP 155
USDCHF: Sell 0.8460 SL 25 TP 50
USDCAD: Do Nothing, in the middle of support / resistance level
Gold: Upside to continue, looking to buy dips, up to 2650
Aussie H4 | Approaching overlap supportThe Aussie (AUD/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.6806 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6727 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 0.6921 which is a level that aligns with the 127.2% Fibonacci extension level.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.675 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUD/USD Reaches Key Supply Area, possible ReversalThe AUD/USD pair has reached our identified supply area, coinciding with the start of the London session. A rejection candle has formed, signaling a potential reversal, with the spike briefly hitting 0.6872 before pulling back. This price action suggests that sellers are stepping in at this level, creating a possible reversal opportunity.
Traders are now watching closely for further confirmation of a bearish move. Today, the US CB Consumer Confidence report is set to be released, and this key economic indicator could provide additional momentum for the US Dollar. A stronger-than-expected reading may further bolster the USD, potentially driving the AUD/USD lower and continuing its downward trajectory.
With the market's focus on the upcoming US data, we remain poised for a potential short setup in anticipation of a reversal in the AUD/USD pair. Traders should keep a close eye on both the technical patterns and the economic news to confirm entry points.
✅ Please share your thoughts about AUD/USD 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.
Aussie dollar strengthens as RBA moves opposite with Fed
The RBA is less likely to cut rates as Australia's labor market remains tight. Australia's Aug Unemployment Rate held steady at 4.2%, while labor participation surged to a record high of 67.1%. Australian Treasurer Jim Chalmers emphasized that the increasing number of jobs and opportunities for Australians is a very encouraging development. The RBA also clarified that inflation could continue to decrease if the Unemployment Rate increases further. As the RBA continues to uphold its hawkish stance while the Fed declares a 0.50% rate cut, the Aussie dollar may persist in its upward trajectory.
AUDUSD extended its uptrend, breaching the psychological resistance at 0.6800. The price rose above both EMAs, while EMA21 widened the gap with EMA78, sending a bullish signal.
If AUDUSD sustains its uptrend while holding above EMA21, the price could gain upward momentum toward the 0.6870 high. Conversely, if AUDUSD fails to hold above EMA21 and breaks the support at 0.6730, the price may fall further to the 0.6640 level.
Aussie dollar strengthens as RBA moves opposite with Fed
The RBA is less likely to cut rates as Australia's labor market remains tight. Australia's Aug Unemployment Rate held steady at 4.2%, while labor participation surged to a record high of 67.1%. Australian Treasurer Jim Chalmers emphasized that the increasing number of jobs and opportunities for Australians is a very encouraging development. The RBA also clarified that inflation could continue to decrease if the Unemployment Rate increases further. As the RBA continues to uphold its hawkish stance while the Fed declares a 0.50% rate cut, the Aussie dollar may persist in its upward trajectory.
AUDUSD extended its uptrend, breaching the psychological resistance at 0.6800. The price rose above both EMAs, while EMA21 widened the gap with EMA78, sending a bullish signal.
If AUDUSD sustains its uptrend while holding above EMA21, the price could gain upward momentum toward the 0.6870 high. Conversely, if AUDUSD fails to hold above EMA21 and breaks the support at 0.6730, the price may fall further to the 0.6640 level.
AUD/USD 1H Short Setup📉 Entering a short trade on AUD/USD as price breaks below the ascending trendline. I'm watching for a possible rejection at the current highs to confirm downward momentum.
🔻 Entry: 0.67922 (waiting for confirmation after trendline break)
🎯 Take Profit 1: 0.67446 (+47 pips) + Move SL to BE
🎯 Take Profit 2: 0.66924 (+99 pips)
🎯 Final Target: 0.66222 (+170 pips)
📈 Stop Loss: 0.68538 (-62 pips)
This setup is based on the potential rejection at the top, with the trendline break acting as a signal for short-term bearish continuation. I'm managing risk with a SL at 0.68400, and once TP1 hits, moving SL to breakeven.
AUD_USD SWING SHORT|
✅AUD_USD is about to retest a key structure level of 0.6870
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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AUDUSDAUDUSD . Potential long opportunity.
Our idea for AUDUSD is a long after the price has fallen to our PBA (Pull Back Area). With DXY showing weakness we do believe that AUDUSD could rise to our target 0.6857 . Our SL is set at the break of structure at 0.6778.
PARAMETERS
- Entry: 0.6801
- SL: 0.6778
- TP: 0.6857
KEY NOTES
- AUDUSD has fallen to our PBA.
- Break of 0.6778 could result in lower lows.
- DXY showing weakness.
Happy trading!
FxPocket
AUD/USD: Watch for a Reversal with RBA Decision AUD/USD continues to hit new yearly highs as risk sentiment improves following the FOMC’s 50-basis-point rate cut last week and today’s Reserve Bank of Australia (RBA) meeting, where no rate change is expected.
However, a dovish tilt from the RBA meeting notes could shift the pair’s momentum, with the 200-Day Moving Average acting as a key level to watch. Also, keep an eye on the RSI, which is nearing the overbought zone at 70 on the daily chart.
Beyond the RBA decision later today, Australian inflation data is set for release tomorrow, with headline inflation expected to drop sharply from 3.5% to 3.1%.
AUD/USD rises to eight-month high, RBA nextThe Australian dollar has started the week with gains. AUD/USD touched a high of 0.6850, its highest level this year. In the North American session, the Australian dollar is trading at 0.6842, up 0.51% on the day.
The Reserve Bank of Australia is expected to maintain the cash rate at 4.35% at Tuesday’s meeting. The RBA has held rates since November, making it an outlier among the major central banks, most of which have lowered interest rates. Underlying inflation is at 3.9%, much higher than the target of between 2% and 3%. Australia releases August CPI on Wednesday, with headline CPI expected to fall to 2.8%, compared to 3.5% in July.
The RBA was more cautious than other central banks during the rate-tightening cycle and its cash rate peaked one percent below the Federal Reserve. The flip side is that the RBA has been less aggressive as far as cutting rates and Governor Bullock has said that there are no plans to cut before February 2025.
The RBA’s rate hikes have chilled economic growth as consumption has fallen sharply and GDP grew by only 1% in the second quarter. Still, the labor market has remained robust and unemployment is at 4.2%, as large-scale immigration has boosted the economy and helped avoid a recession.
In the US, today’s PMIs had no impact on AUD/USD. The manufacturing PMI slipped to 47.0 in September, down from 47.9 in August and well off the market estimate of 48.5. This was the lowest level in thirteen months as new orders fell sharply. The services sector is in better shape as the PMI ticked lower to 54.4, compared to 54.6 in August and slightly above the market estimate of 54.3.
0.6865 has held in resistance since December 2023. Above, there is resistance at 0.6923
0.6781 and 0.6723 are the next support levels
Levels discussed on Livestream 23rd September
DXY: Currently at 101, could retest bearish trendline and reject to trade down to 100.60. If trendline broken, needs to break above 101.40 for further upside to 101.80
NZDUSD: Sell 0.6195 SL 20 TP 40
AUDUSD: Sell 0.6775 SL 20 TP 65
GBPUSD: Sell 1.3245 SL 30 TP 70
EURUSD: Buy 1.1090 SL 25 TP 90
USDJPY: Sell 143 SL 35 TP 95
USDCHF: Sell 0.8540 SL 30 TP 105
USDCAD: Do Nothing
Gold: Currently retracing, look for possible reaction at 2600, esp for a rebound.
TRADE SETUP ON AUDUSDHey Trader,
Check out this analysis on AUDUSD.
The entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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 :-)
WEEKLY FOREX FORECAST SEPT 23-27 USD EUR GBP AUD NZD CAD CHF JPYThis is Part 2 of the Weekly Forex Forecast for SEPT 23-27th.
In this video, we will cover:
USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
Enjoy!
May profits be upon you.
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2 Pairs, 1 Stock (AUD/USD, AUD/JPY, LCID)Hey everyone!
I wanted to take some time and put together a quick video of some pairs and a stock I've been keeping analysis on!
Interest Rate Cuts for USD will be felt in all financial markets!!
Here I point out:
AUD/USD - Weekly Pennat
AUD/JPY - Weekly Correction Pullback
LCID - Fibonacci Levels
Let me know what you think!!
Friday's Livestream Analysis20th September
DXY: Currently at 100.60 consolidating , should trade lower, to 100.20 and could test 100 round number level.
NZDUSD: Buy 0.6260 SL 20 TP 70
AUDUSD: Buy 0.6840 SL 20 TP 50
GBPUSD: Buy 1.3320 SL 25 TP 115
EURUSD: Sell 1.1190 SL 20 TP 40
USDJPY: Sell 143.30 SL 40 TP 100
USDCHF: Sell 0.8430 SL 20 TP 40
USDCAD: Sell 1.3585 SL 25 TP 50
Gold: Broke above 2600. needs to breach 2610 to get to 2620
AUDUSD Potential UpsidesHey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.67500 zone, AUDUSD is trading in an uptrend and currently is in a correction phaase in which it is approaching the trend at 0.67500 support and resistance area.
Trade safe, Joe.