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Audusdanalysis

AUDUSD: Bullish consolidation in short term?The minutes from the Reserve Bank of Australia's (RBA) Nov. 7 meeting due out on Tuesday at 0030 GMT present a risk to the recent gains in the Australian dollar. At the meeting the bank hiked the cash rate by 25bps to 4.35%, matching expectations. However, the RBA delivered a less hawkish forward guidance, stating that further tightening of monetary policy may be required. This raises the bar for the RBA to deliver an additional rate hike, which given that markets are pricing in over a 40% probability of a hike by March 2024, leaves AUD at risk from a dovish repricing. The statement of monetary policy (SOMP) also acknowledged that policymakers considered whether to pause and thus emphasises that the bar to hike again is elevated. That said, although this is a risk to the Aussie, the current backdrop of a softer dollar remains the dominating theme across FX, which in part can limit downside in the Australian dollar. From a technical point of view, the pair could extend gains as shown on 1H chart. Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
7
Leveraging the AUDUSD Strength Amidst USD WeaknessThere has been an opportunity that has emerged due to the recent fluctuations in currency values and the growing demand for copper exports to China. As you may be aware, the USD has been experiencing a period of weakness, while the AUD has shown signs of strength. This presents an advantageous situation, as we can leverage the stronger Australian dollar against the weaker US dollar. In light of this, I propose that we explore the possibility of exporting copper to China. With the AUDUSD exchange rate in our favor, we can maximize our profits by capitalizing on China's increasing demand for copper. China, being one of the largest consumers of copper worldwide, offers a lucrative market for our manufacturing. By exporting copper to China, there is a growing demand and take advantage of the current exchange rate of AUDUSD.
Long
by bryandowningqln
$AUDUSD Bullish Momentum LONG The current outlook for AUDUSD reveals a compelling narrative of bullish consolidation in the short term. As outlined in the provided chart, the pair exhibits patterns indicative of a bullish stance, suggesting a period of strategic accumulation. Technical Indicators: Candlestick Patterns: Noteworthy bullish candlestick patterns, as illustrated, underline the market sentiment favoring the upside. Moving Averages: The alignment of moving averages supports the notion of a consolidative phase, emphasizing the potential for an upward breakout. Fibonacci Levels: Key Fibonacci retracement levels coincide with areas of consolidation, adding confluence to the bullish scenario. Quantum Probability Indicator: Intriguingly, our proprietary quantum probability indicator provides a unique dimension to this analysis. It discerns a notable buildup of buying pressure, reinforcing the bullish sentiment observed in the technical patterns. This indicator serves as a valuable complement, enhancing the overall confidence in the potential bullish trajectory. w.aritas.io Trade Considerations: Entry Point: A strategic entry point within the consolidation zone, following confirmation of the bullish bias, is advisable. Take Profit (TP): Set conservative take-profit levels in alignment with key resistance zones or use a dynamic approach based on subsequent price action. Stop Loss (SL): Implement a disciplined risk management strategy with a well-defined stop-loss, considering the recent support levels and volatility metrics. Market Context: Macro-level considerations, such as interest rate differentials, economic data releases, and geopolitical factors, should be monitored. Additionally, any developments in global risk sentiment may impact the AUDUSD pair. Conclusion: In conclusion, the AUDUSD pair presents an intriguing opportunity for traders, with a bullish consolidation pattern supported by technical indicators and reinforced by our quantum probability indicator. While opportunities exist, prudent risk management and ongoing market monitoring are essential components of a successful trading strategy. Disclaimer: Trading involves risk, and it is advisable to conduct thorough personal research and seek professional advice before making any trading decisions.
Long
by wikitrades
2
AUSSIE RALLY IS STARTING! [AUDUSD] LONG POSITIONIntroduction: The AUD/USD currency pair is exhibiting compelling signals hinting at a potential trend reversal, with a particular focus on the recent price action and key technical levels. Current Status: As of the close of the New York session, the price has firmly held ground at 0.65100, maintaining its position above crucial support levels. A noteworthy observation on the daily timeframe is the rebound from the 31.8% Fibonacci retracement level, signaling resilience in the bullish sentiment. Structural Shift: The narrative evolves further when examining the structure of the market. From early November, there was a notable Break of Structure (BOS), suggesting a shift in market dynamics. However, as of November 16, a Change of Character (CHOC) is evident, signaling a potential reversal in the prevailing trend. 4-Hour Bullish Momentum: Zooming into the 4-hour timeframe, candlestick patterns reflect a robust bullish trend. Multiple bullish candles with few wicks rejecting the 0.65150 zone, coupled with positive volume, create a compelling case for an imminent breakout. The 0.65150 level, appearing as a psychological barrier, is poised for a potential rupture. Long Position Opportunity: Considering the current dynamics, there appears to be a Long Position opportunity on the horizon. A favorable entry scenario is anticipated if the price successfully breaks the 0.65150 zone and undergoes a retest, confirming the newfound support. This setup presents a potential profit target of approximately 80 pips. Intraday Insights: During the overlap of the London and New York sessions, the price action adds another layer of intrigue. A Hammer candlestick followed by a Belt candlestick suggests a tussle between sellers and buyers. Despite the sellers' attempt to push the price down, the momentum from buyers appears to be gaining strength, setting the stage for a potential rally. Conclusion: In conclusion, the AUD/USD pair is displaying multiple indicators signaling a potential reversal and the initiation of a bullish trend. Traders are advised to closely monitor the 0.65150 zone for a breakout, and consider a Long Position with a retest confirmation. The recent price action, structural shifts, and intraday patterns collectively contribute to a compelling case for a rally in the Aussie.
Long
by e11p
1
💡 AUDUSD : Signs of a downtrend➡️Yesterday, the D1 bar in AUDUSD witnessed a decrease, closing above the low of the same bar, initially indicating a false break and subsequently confirming this deceptive move. This implies a weakening stance for AUDUSD D1 near the upper boundary of the cumulative price range. The overall structure of AUDUSD D1 remains in a sideways movement. ➡️Although AUDUSD experienced a bounce, it retraced, forming a lower price peak. The H1 structure of AUDUSD shows a downward bias. If there is a rebound in the retest mentioned above, it presents a selling opportunity. Alternatively, if the price breaks higher and retests the previous peak, it might be prudent to adopt a wait-and-see approach for a potential buying opportunity.
Short
by Stone_Haven
10
sell @AUDUSD, now.The AUD/USD declined on Thursday and fell below 0.6500. However, despite this correction, the short-term outlook still favors the upside as the Greenback remains under pressure due to weaker US labor market data and declining US Treasury yields. Data from Australia showed that employment rose by 55,000 in October, surpassing the consensus estimate of 20,000 and significantly higher than the revised figure of 7,800 from the previous month (originally reported as 6,700). Most of the job gains were in part-time positions. The Unemployment Rate rose from 3.6% to 3.7% as expected. The Melbourne Institute reported a slight increase in the expected one-year inflation rate to 4.9% in November, up from 4.8% in October. Despite the solid employment data, indicating a relatively tight labor market, and the rise in inflation expectations, the AUD/USD dropped during the Asian session as the US Dollar recovered ground. In the US, most economic data came in below expectations. Continuing Jobless Claims reached the highest since 2022, and Initial Claims rose to 231,000, the highest level in nearly three months. Industrial Production declined by 0.6% in October, exceeding the modest 0.3% contraction expected. On the positive side, the Philadelphia Fed Manufacturing Survey Index rose from -9 to -5.9, and the Kansas Fed Manufacturing Activity index recovered from -8 to -3 in November. The US Dollar weakened after the data, but the decline was not significant, and it quickly reversed back into positive territory as market sentiment deteriorated.
Short
by GrandeMaster
AUDUSD → Struggles to extend upside 0.6520The FX:AUDUSD pair faces pressure around 0.6520 in the late European session. The rally in the Aussie asset stalls as investors await the United States Retail Sales data for October, which will be published at 13:30 GMT. As per the consensus, consumer spending contracted by 0.3% against 0.7% growth in September. Weak consumer spending data would put more pressure on the US Dollar. The US Dollar has been facing a sell-off due to easing consumer inflation in the US economy. The US inflation report for October indicated that the headline inflation grew at the slowest growth in more than two years. The annual headline CPI rose by 3.2%, softened from estimates of 3.3% and the former reading of 3.7%. AUD/USD aims to climb above the immediate resistance plotted from August 15 high around 0.6520. The Asset aims to stabilize above the 50-day Exponential Moving Average (EMA), which trades around 0.6420, indicating that the near-term trend is upbeat. The Relative Strength Index (RSI) (14) attempts to shift into the bullish range of 60.00-80.00. If the RSI (14) manages to do so, Australian Dollar bulls will get strengthened further. A decisive break above August 15 high around 0.6522 will drive the asset to August 9 high at 0.6571. Breach of the latter will drive the asset towards August 10 high at 0.6616. On the flip side, fresh downside would appear if the Aussie asset drops below October 03 low around 0.6286. This would expose the asset to 21 October 2022 low at 0.6212, followed by 13 October 2022 low at 0.6170.
Short
by tradingconmike
AUD/USD: The impact of Xi-Biden's San Fran face-offThe AUDUSD and NZDUSD led the rally against the US dollar yesterday and are doing the same again today. The surprising low inflation number from the US is what caused the rally yesterday. But today we have a new event that could be driving sentiment in these pairs. This event is still underway, so it still to play out completely, and its consequences still to be digested and figured into the market: This event is the meeting of Chinese President Xi Jinping and US President Joe Biden in San Francisco. The meetings represent a cooling of trade (and otherwise) tensions between the two countries. What next? A weak support has been established around 0.64828. I would like to see the pair probe for a close closer to 0.65400 before concluding that there is a definite bullish bias. We will be watching news reports about the mood of the meeting and any outcomes to gain an understanding of the fundamental drivers for the AUD.
by BlackBull_Markets
AUDUSD - Potential retracement ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: As we can see here price changed the character and now we could see bullish market structure. After taking buy side liquidity I see price to make a retracement to fill the imbalances lower and then may be a rejection from bullish order block. Fundamental news: Tomorrow will be released Unemployment Rate on AUD. If the result is negative, it will support our idea. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD