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AUD/USD Trade alert: Strong USD vs RBA's rate decisionAUD/USD Trade alert: Strong USD vs RBA's rate decision Talk of a US$278 billion (1 trillion yuan) rescue package for Chinese shares might not be enough to support AUD/USD. Countering this positive signal for the AUD is general US dollar strength, caused by a shift in the market regarding the likelihood of a March rate cut. At the turn of the year, it was priced above 80% probability, but that's now fallen to 42%. On the daily chart, we can see the AUD/USD testing on the key support zone at 0.6550 with some consolidation just above this level before the next move. Looking a little further ahead, AUD might find the upwards momentum it needs with Australia's inflation rate data released on January 30 next week, followed closely by the Reserve Bank of Australia's interest rate decision on February 5. The inflation figure is the last major report the RBA will have to consider before it meets next week for its first interest rate decision of 2024. Will they keep their rate unchanged on February 5 or surprise the market with another 25-basis-points hike and give a pop to the AUD/USD?
by BlackBull_Markets
1
AUD/USD, NZD/USD hint at a round of risk-offIf commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD. The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce from support we anticipated has run its course. And with NZD/USD hitting new cycle lows with a bearish engulfing day and closed beneath its 100/200-day EMAs likely brings 60c into mind for bears, and 65c for AUD/USD bears.
Short
by CityIndex
Potential swing trade long on AUD/USDLike NZD/USD, the Aussie is refusing to roll over despite a strong US inflation report. That is in itself a sign of strength. The daily chart is yet to see a close beneath the Q3 open, and the lows are holding above the 50-day EMA and 38.2% Fibonacci level. A bullish RSI divergence also formed from the oversold zone to suggest a swing low has formed or is near. The bias remains bullish above last week's low ad for an initial move to 0.6750 - a break above which assumes a move for 0.6800.
Long
by CityIndex
AUD bears eye break below 65c, but a bounce could be due firstRisk aversion reigns supreme, casting a dark cloud over AUD/USD just before today’s employment report drops. A stellar jobs report is unlikely to spark calls for an imminent RBA hike, but it might prompt some short covering on the Aussie. Besides, there are early signs of stability above the 65c zone with Wednesday’s lower wick, which saw a false break of the lower keltner band. Perhaps some mean reversions is due. Bulls could seek dips towards 65c with a stop below and initially target the 200-day MA – a break above which assumes a deeper retracement and relief rally for global stocks. However, given our bias for the US dollar remains bullish over the weeks ahead, bears may want to seek evidence of a swing high forming below 0.6650 before committing to fresh shorts. A break beneath 65c brings 0.6370 into focus.
Long
by CityIndex
AUDUSD H1 / BULLISH CHANNEL GOING AFTER FVG / LONG ENTRY ✅💲Hello Traders! This is my idea related to AUDUSD H1. I see a very nice bullish structure, and I expect a rise until the first FVG as a first target. It represents a good opportunity to execute a long trade. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
2
AUD/USD BUY AUDUSD has reached the horizontal support area on the daily timeframe chart. 📈 Expectations: Anticipate the pair to re-test key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: If the trade does NOT surpass our entry-level (🟢 GREEN LINE ON THE CHART), Do not enter the trade. 2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert. 4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
Long
by Pro-Trading-Africa
1
AUDUSD: The dollar is on track for another weekly gain amid econThe dollar has trended higher for the second consecutive week, supported by a strong domestic economy and the central bank's cautious stance on interest rate cuts. The dollar index, which measures the currency against a basket of six major rivals, rose 0.9% this week to 103.4. The dollar has appreciated about 5% against the yen this year, and the exchange rate currently stands at 148.12 yen. Risk sentiment-sensitive Australian and New Zealand dollars rose 1.7% and 2%, respectively, and are poised for their biggest weekly gains since November and June. ,beginning%. The probability that the US will cut interest rates in March has decreased, with market odds falling to 57% from 75% the previous week. The change in expectations follows strong U.S. jobs data, with jobless claims at their lowest level in about a year and a half, putting pressure on the market to cut back. Interest fee. The two-year Treasury yield, which reflects expectations for short-term interest rates, rose 22 basis points to 4.35%.
Short
by Chart_MasterPro
AUD/USD Bull on the horizon...In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but also in increasing profits while reducing trade frequency. I have already shared my EUR/USD outlook video, but I would also like to share my ideas here regarding both the GBP/USD and AUD/USD pairs. While my main focus is typically on the EUR/USD, I do occasionally explore other pairs if there are promising opportunities. The GBP/USD setup is a large falling wedge which typically calls for a move to the upside. Coupled with a up trending MACD which further gives this further strength of a possible bullish move. The AUD/USD setup is a large falling Descending triangle which typically calls for a move to the upside. Coupled with a up trending MACD which gives this further strength of a possible bullish move. Projected target on the GBP/USD is 1.4000. Projected target on the AUD/USD is 0.7700 (possibly extended to 0.8000..
Long
by InternalTraderNYC
AUDUSD I Trade update I Potential long from bottom of channelWelcome 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!
Long
by BKTradingAcademy
2
AUDUSD: Asian foreign exchange dropped, USD recovered waiting foMost Asian currencies fell on Tuesday, while the dollar rose as traders largely remained risk-averse ahead of further signals on when the Federal Reserve may begin cutting interest rates. The dollar index and dollar index futures rose 0.5% and 0.3%, respectively, during the Asian session on Tuesday. The dollar index is also trading at a small premium to futures, suggesting short-term demand for the greenback is growing. Traders are now awaiting further signals on the Fed and the US economy, with Fed Governor Christopher Waller due to speak later on Tuesday. On Wednesday, US retail sales and industrial production figures are expected to provide more clues on the world's largest economy, with any signs of cooling allowing for more bets on growth. cut interest rates soon. However, the market appears to have moderated bets that the Fed will begin cutting interest rates as soon as March 2024, according to Fed policy tracker CME
Short
by Chart_MasterPro
2
AUDUSD I Pullback, continuation, and long from supportWelcome 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!
by BKTradingAcademy
1
AUDUSD: Asian foreign exchange markets fall, USD rises ahead of The Australian dollar was among the few exceptions on the day, rising 0.3% as data showed CPI inflation eased in November, but remained well above the Reserve Bank's 3% target of 2%. annual. Core inflation also remains high amid high food and service prices. The dollar index and dollar index futures were mildly mixed during the Asian session on Wednesday, after seeing a sharp increase in overnight trading. The main focus remains on the upcoming US CPI data is expected to show a slight increase in inflation in December. But difficult inflation, along with recent signs of strength in the labor market, gives the Fed more room to keep interest rates higher for longer periods of time. While the central bank is expected to cut interest rates this year, the market is increasingly skeptical about whether a rate cut will come as soon as March 2024. Fed officials also resisted betting on an early rate cut, as inflation is expected to remain well above the Fed's 2% annual target in the near term.
Short
by Chart_MasterPro