AUDUSD : Short Trade , 4hHello traders, we want to check the AUDUSD chart. The price has broken the ascending channel to the bottom and the price trend is now bearish. The price has pulled back to the specified support level and we expect this level to maintain the downward trend and the price will fall to around 0.65600. Good luck.
Audusdanalysis
AUDUSD looks Bullish this week**Monthly Chart**
AUDUSD monthly chart shows that price is in a large range since Oct 2022. This month candle (still not closed) looks bullish indicating a move higher towards breaking the range highs and testing at least 0.7000 (round number) level.
**Weekly Chart**
Last week candle closed bearish after breaking the relatively equal highs at around 66400 level the previous week and moved back into the range. There is a high expectation that we will be seeing a continuation of this move higher at least to test 0.69000 level and break the higher range. Any pullback will be a good opportunity for another push up.
**Daily Chart**
After breaking the relative equal highs on daily chart, the directional bias is still bullish and first target to break above 0.6700 level towards the next target to test the high at around 0.69000 level. I will be looking for a retracement with a good risk to reward setup to take this trade long.
On Wednesday 29th May. there will be AUD CPI news which might create this move.
AUDUSD I Potential bullish continuation Welcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
AUDUSDOn Friday, the Australian Dollar (AUD) extended its consecutive four-session losing trend, presumably attributable to risk aversion. As the US Dollar (USD) strengthened on hawkish expectations that the Federal Reserve (Fed) will sustain higher policy rates for an extended period, the AUD/USD pair declined.
Consumer Inflation Expectations for the following 12 months fell to 4.1% in May from 4.6% in April, the lowest level since October 2021, exerting pressure on the AUD. This exacerbated apprehensions that inflation might persist above the target level for an extended duration. According to the minutes of the most recent meeting of the Reserve Bank of Australia (RBA), policymakers needed help in conclusively stipulating or precluding future adjustments to the cash rate.
The USD extended its gains following releasing Purchasing Managers Index (PMI) data from the United States on Thursday that exceeded expectations. This information increased Treasury yield concerns that interest rates would remain elevated for an extended period. Furthermore, the most recent minutes of the Federal Open Market Committee (FOMC) revealed that policymakers at the Fed were concerned about the prolonged stagnation of inflation at the beginning of 2024, which was slower than expected.
AUDUSD: The AUD has also had significant correctionsAUDUSD: The AUD additionally had large corrections the previous day whilst the strain from the growing USD brought on this pair to weaken. Short-term, it's miles predicted that AUDUSD will nevertheless keep its decline today. Returning to the assist place round 0.6580. Consider promoting with AUDUSD round 0.6640 tp 0.6580
AUDUSDThe AUD/USD pair is poised for an upward move on the 4-hour timeframe as it follows an ascending channel pattern. After completing a 50% retracement, the price has broken through a resistance level, indicating strong bullish momentum. This technical setup suggests a continuation of the upward trend.
AUDUSD BUY | Idea Trading AnalysisAUDUSD is moving in an UPtrend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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AUDUSD: AUDUSD analysis todayING predicts balance in USD forex pairs as buyers look ahead to the discharge of the April center non-public intake expenditures (PCE) rate index, predicted on May 31. The corporation believes that cross-asset volatility is in all likelihood to stay subdued withinside the coming weeks, that may spur the look for convey trades.
AUDUSD BUYWeekly:
1. Direction:
Bullish
2. Reasons:
1. Price took recent swing high
2. massive displacement to the upside
3. Price is moving from ERL to IRL
Daily:
1. Direction:
Bullish
2. Reasons:
1. Price is respecting the daily FVG
2. Good displacement to the upside
3. Price is moving towards weekly FVG
4H:
1. Direction:
Bullish
2. Reasons:
1. Good displacement to the upside
2. Price created FVG
3. Price might react from FVG
4. Wait for 15M MMBM
AUD/USD: Westpac's Bullish Perspective The AUD/USD and NZD/USD are trending higher due to risk-on flows boosting these currency pairs.
For AUD/USD, on the downside, immediate support could lie at 0.6594, just above the 100 Daily Moving Average. The RSI is almost levelling off at around 80.
Westpac recently highlighted a bullish stance on AUD/USD:
“...there is no clear path to significantly higher US yields at the moment, especially with Powell reiterating that persistent inflation trends prolong restrictive policies rather than suggesting imminent rate hikes. Additionally, there are increasing risks of a weakening job market, as indicated by softer April payrolls and last week's rise in jobless claims.”
In essence, Powell has tentatively ruled out rate hikes, while Nonfarm Payrolls and other job data have started to soften.
Furthermore, recent US CPI data revealed that the annual inflation rate eased to 3.4% in April 2024 from 3.5% in March. Although inflation remains stubbornly high, the downward trend may not support USD bulls.
Extra gains might push the AUD/USD to test 0.6700, before approaching the key 0.6750 level.
I have no choice but to get "AUDUSD" resistanceHello, Friends!
I hope you have a good day today.
AUDUSD arrives at resistance strong zone.
RSI bearish divergence has emerged and will be making adjustments soon.
The adjustments will be made in my view like this, but I hope you'll be CAREFUL because chart can raise and lower again with a small wave.
If it dosen't adjust from the current position, It'll raise to 0.67000 and make retracement to 0.66800
Let's do it!!
AUDUSD: AUDUSD analysis todayUBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a superb month for the greenback. Our seasonal indicator indicates that call for for USD normally will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) normally maximum affected."
UBS added: "More mainly to the overseas exchange (FX) marketplace, that is additionally a signal that the marketplace can also additionally were preserving the USD lengthy for superb costs and as a shielding hedge. This prevents chance sell-offs in desire of the greenback as visible in preceding periods, while the greenback acted as extra of a supply of chance."
AUDUSD Price analysis 12-May 2024Weekly : The price is situating between W-ERl & W-IRL, so in the weekly chart, if the price takes either one of the Weekly PAD then we could anticipate the move to-wards other side. But as the DXY is bullish so we could anticipate that, the price will take the W-BSL First then it will come down,
Weekly Bias: Bearish.
H4 : The price has taken the D-FVG then it has been created H4 bullish-MSS with a Strong H4-OB & a H4-FVG. There are H4-LRLR in the upside bellow the W-SSL, so in the up coming week Monday & Tuesday we will move upwards to the W-BSL, then in Wednesday the price will consolidates then Thurseday & Friday it will reverse towards the W-FVG
A double top makes me consider a short on AUDUSD My chart is self-explanatory. I will be taking a trade as soon as market stabilizes on Monday, perhaps you will give this some thought too.
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AUDUSD I Potential corrective bounce or consolidation Welcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
DeGRAM | AUDUSD channel boundary pullbackAUDUSD is moving in an ascending channel between the trend lines.
After reaching the dynamic resistance three times, the chart went for a pullback.
We think that the price will continue to strive for the lower boundary of the channel.
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AUDUSD: USD increases; The market waits for statements from the The greenback edged better on Wednesday, bucking current weak point as numerous Fed officers organized to speak.
At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, traded 0.2% better at 105,500, off its lowest withinside the nearly a month remaining week.
The greenback obtained a small increase overdue Tuesday after Minneapolis Fed boss Neel Kashkari stated chronic inflation and a robust economic system may want to convince the United States important financial institution to depart hobby costs unchanged. for the the rest of this year.
US hobby charge moves hold to draw marketplace interest and with out pinnacle US monetary facts this week, policymakers` evaluations come to be even extra important.
Fed Chairman Jay Powell basically dominated out in addition tightening remaining week, however lots of uncertainty stays approximately whilst a flow decrease will occur.
Investors haven't any scarcity of Fed officers to look ahead to Wednesday, with Vice Chairman Philip Jefferson, Governor Lisa Cook and Boston Fed President Susan Collins ready to speak.
AUDUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to continue the retracement to fill that imbalance lower and then to reject from bullish order block.
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AUD/USD reversed from resistance, more decline ahead?Hello friends! AUD/USD has failed to break the 0.6650 resistance level. In fact, price has reversed after hitting the resistance zone.
Based on the price action in the daily chart, I believe AUD/USD will decline further. I have already sold AUD/USD at the resistance zone. In case price reaches the resistance zone again, I will consider adding further sells in AUD/USD.