Audusdanalysis
AUDUSD: The USD soared amid higher US bond yields, pending key dThe US dollar posted strong gains on the first trading day of the year, supported by rising US yields. Market participants are currently awaiting the release of upcoming US labor market data and European inflation data to determine the direction of central bank policy.
The dollar index, a measure that compares the U.S. currency with six other major currencies, rose 0.7%, its biggest single-day gain since October. This follows his 2% decline in 2023, ending his second consecutive year of increases. Last year's decline was due to market expectations that the US Federal Reserve (Fed) would cut interest rates significantly given the strong economy. The dollar's rise was supported by a rise in U.S. Treasury yields, with the benchmark 10-year Treasury note rising 7.1 basis points to 3.931%, its biggest one-day gain in more than three weeks.
The dollar faced downward pressure last month after the U.S. Federal Reserve signaled a potential rate cut in 2024, but Brown Brothers Harriman & Co.'s head of global currency strategy said: "The market is starting to realize that," Win Hsin said. "The US economy remains strong," he said, suggesting a "soft landing" could result in two or three precautionary cuts by 2024. However, the market is currently pricing in six rate cuts this year. As a result, the dollar could remain "under pressure and vulnerable" until those expectations materialize, Singh said.
AUDUSD SELLHello, According to my analysis of AUD/USD, the market has reached a very important stage. It has reached the strong resistance level at 0.69000. The price has bounced off it several times. We note that the pair reached the top of the ascending channel and was unable to penetrate it upwards. This puts pressure from the bears to fall further. Good luck everyone.
DeGRAM | AUDUSD AB=CD pattern completionAUDUSD is trading in the ascending channel. It is testing the major daily resistance level.
The market created the AB=CD pattern where the D point is complete right at the resistance and channel border.
We expect a price retracement from the structre resistance since the market is overbought and it's bounced off the daily resistance.
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AUDUSD: 0.7150 is our next possible target in 2024?Happy New Year 2024.
AUDUSD, has been bullish in daily timeframe, suggesting a clear move upwards 0.7150 region which is where we will exit our trade. Looking at the current price momentum it is clearly notable that price has already retraced and it is very likely it will rebound strongly in days to come. Entry can be available when the market opens where with 50-80 pips stop loss a long entry worth it. With the take profit of 600 pips, a great risk to reward.
USD Weakness and Potential Bullish Momentum on AUDUSDThe foreign exchange market, influenced by economic policies and global events, is undergoing a significant transformation in the AUDUSD currency pair. This analysis delves into the repercussions of the Federal Reserve's (The Fed) dovish policy decisions on the USD and explores how this has contributed to the strengthening of the Australian Dollar.
Federal Reserve's Dovish Stance:
In response to economic challenges, the Federal Reserve has embraced a dovish approach, refraining from raising benchmark interest rates to foster economic recovery. Chairman Powell's dovish signals have resonated in the currency markets, resulting in a depreciation of the USD.
Market Analysis:
Since the December 14 FOMC meetings, the AUDUSD has seen a noteworthy surge from 0.65690 to its recent peak at 0.68710. This upward trend, encapsulated within an ascending channel, signals bullish momentum. However, the ongoing correction phase suggests a temporary pullback before the upward trend resumes.
Strategic Trading Approach:
Entry Point:
Strategically position the entry point around support levels, especially when accompanied by a confirmed bullish pattern. This approach capitalizes on the corrective phase, providing an advantageous entry position.
Stop Loss:
Manage risk with a stop-loss order below the ascending channel or the support level of 0.68061. This safeguards against unexpected market movements, offering a defined exit point if the trade deviates from expectations. Consider an alternative stop-loss placement around 0.67903 in case of a substantial shift.
Take Profit:
Set the take-profit level at 0.68815, representing the highest point in the past six months. This serves as a reasonable target for capitalizing on the bullish momentum.
Conclusion:
The Federal Reserve's cautious approach and the resulting USD depreciation have paved the way for potential bullish momentum on AUDUSD. Despite a brief correction, entering the market around support levels using bullish patterns offers an optimal strategy. Prudent risk management, with well-placed stop-loss orders, and targeting 0.68815 for profit-taking provide a concise plan for navigating the current USD weakness and the anticipated AUDUSD upswing. Traders can effectively capitalize on this market scenario with a strategic and well-informed approach.
AUD USD TRADE SET UP 3hr Timeframe AUD USD is moving in an ascending channel,
The price has reached the Higher High Level of the channel for the 3rd time, which is also a strong resistance level
Upon reaching the HH level the market has formed a Doji candlestick pattern with a close below which is a good confirmation for a sell.
What do you think ?
AUDUSD Long Position Trade Aud Economy is looking positive
When assessing all of the data for Australia, the economy is in a much more stable place which would have been one of the goals from the people who lead and set the countries monetary and fiscal policies. Inflation has hit its peak 4 quarters ago and has been stepping down slowly before reaching the RBA’s target of 2.5 by 2025, which with all things taken into account is a possibility.
With interest rates at a high, there are rumblings of decreasing the current rate of 4.35% slowly, however, we will know much more during the first 2 data set releases of 2024 but as for now the higher interest rates are still attracting business into the internal and external business into the economy which is a plus for the Australian economy.
Geopolitical tensions across the world in terms of wars have added value to the exports of Australia, however, the continuous tensions with their biggest trade partners China is definitely something that could derail the good done in supporting the Australian Economy a “The population have been spending and spending well as retail sales were up during the summer and this is something we could see repeated during the festive season as the families and business will be busy which will potentially produce a good reading in terms of retail sales in Australia. This is supported by the higher wage growth, which would mean people will have more disposable income and to spend on goods and services and even save. With Private house approvals also doing well in the economy this sounds out the economy as much more stable as private house approvals give us an early indication of whether there is a recession in progress or not.
Macro indicators point towards an ease of pressure on the Australian economy almost as if Australia are at the halfway point of their recovery from the Covid 19 pandemic as they set their sights on bringing down inflation and interest rates. So far, the confidence that Australia would be one of the strongest nations coming out of the recession has been correct analysis with reducing the unemployment rate rather quickly playing a factor in that, but the work is not done. So, whilst there is optimism heading into Q2, there are also some concerns to be aware coming into the Q2.
Australian exports represent over 20% of gross domestic product (GDP). Approximately
65% of Australia’s two-way trade occurs with countries in Asia” (Zhou, I. and Satherley, T.
2023), so the disruption with their business with China as the Chinese have placed higher
tariffs on their goods as well as bans on Australian products make Australia less attractive
which isn’t going to be helpful, especially when you also take into consideration the
implication of decarbonisation in a few years. So, whilst Australia thrives in trading today,
make no mistake it is a very necessary win for them as they will need to plan ahead going
forward.
AUDUSD is expected to increase strongly after breaking the downtThis transaction is long-term, guys
AUDUSD: AUD's growth rate is relatively slow, but relatively sustainable. The current Australian dollar trading scenario is relatively positive and clear. Ace may consider keeping its buying strategy in AUDUSD. The pair has broken the downtrend, so this uptrend can move up to the 0.6900 area.
AUDUSD : Short Trade , 4hHello traders, we want to check the AUDUSD chart. The price is moving in an ascending channel and has reached the indicated key level. We expect this level to act as a resistance level and the price will fall to around 0.66200. If the price cannot break this support level, we expect it to maintain its upward trend and the price will test the specified resistance level again. Good luck.
AUDUSD: 21/11/2023 UPDATEDear Traders,
AUDUSD has broke down the bearish trend and currently making higher highs indicating further buying control in coming days, therefore here we have got a third entry for buying AUDUSD, if you have missed first two. Enter with accurate risk management and do your own research while considering taking any buying position with AUDUSD.
AudUsd broke the falling trend line resistanceIn my last week's AudUsd post, I wrote that the pair has bullish perspectives as long as 0.65 support remains intact.
Indeed, this was the case and, after a few days of consolidation above this important support level, aUDuSD reversed to the upside but, more importantly, broke above the falling trend line resistance.
My outlook remains bullish for this pair and I expect my target of 0.69 to be reached.
Negation comes with a fall back under the trendline
AUDUSD ~ Risk Off Sentiment: Stuck In Limbo into EOY (2H)FX_IDC:AUDUSD chart mapping/analysis.
Aussie Dollarydoos struggling to regain bullish momentum after early December peak.
Trading scenarios into EOY:
Preliminary trading range = ~66.20 to ~65.25.
Break above ~66.20 = regain bullish momentum.
Bullish target(s) = re-test descending trend-line (white dotted) / upper range of ascending parallel channel (green).
Break below ~65.25 = extend bearish capitulation.
Bearish target(s) = 61.8% Fib / lower range of ascending parallel channel (green) confluence zone.
200SMA also acting as dynamic resistance, reinforcing bearish rollover.
Major macro economic news this week = higher probability of implied volatile swings in either direction.
AUDUSD seems perfect to deliver downside objectivelooking forward to sell AUDUSD around 0.6610 level or above as we have seen a massive shift for downside in all major currencies as dollar seems to rally higher and likely to target 104.25 level which makes this pair weaker and pois to move down towards our target of 0.6520 level
Audusd looking for a short-term surprise for the upside 0.6620Audusd looks quite good at this consolidation phase to go long and target 0.6620 level as target with entry around 0.6551 level or above with a stoploss at 0.6525 level.
this expansion seems limited and after that i am expecting price to fall further down and resume the downtrend .
i have two setups for this AUDUSD one as per the higher time frame while this trade is for shorter term perspective and my both analysis do not have a same bias. both are valid
in this one i am long just for a short term and my previous trade which is short that is also valid