Get started

Audusdanalysis

AUDUSD Possible sell zone!!Currency Pair : AUDUSD Possible direction : Bearish Multiple-timeframe Analysis : Daily : Price has just tested the daily 20EMA and has broken toward downside forming a daily MIDDLE MAN which may continue to drop as long term trend is down Monthly: There is strong rejecjction from the resistance level. Weekly: Pirce already tested the weekly resistance level and rejected from upper wick of the weekly doji. 4H: Price currently is in pullback and may start dropping from 20EMA to merge with it's long term down trend Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy.
Short
by ForexWizard01
1
Who's Right? Hawk Economists vs. Dove Traders - RBA meets TodayYesterday, the AUD/USD experienced its third consecutive day of growth. However, the upward trend is expected to face obstacles during Tuesday's trading session due to the impending Reserve Bank of Australia meeting. Despite some analysts adopting a more hawkish stance and predicting a rate hike as the most likely outcome of today's meeting, money market traders have reduced their forecast to a one-in-three chance of an increase, down from 40 percent on Friday afternoon. Although inflation numbers in Australia have slowed down, the Consumer Price Index remains above the target range, while the key interest rate stands at 4.1 percent, below the CPI. Furthermore, recent remarks from RBA Governor Lowe have maintained a hawkish tone, leaving the possibility of further rate hikes open, even after two unexpected increases. As US markets remain closed in observance of Independence Day, the AUD/USD has been consolidating at 0.66700 prior to the RBA decision. With conflicting views from economists and traders, the meeting's outcome has the potential to inject some volatility into the pair. In terms of potential resistance levels, the initial zone to watch out for is around 0.66900, followed by 0.67200. However, it is important to note that considering the RSI's decline below the 60.00 level, the upward momentum has weakened. Nevertheless, the overall inclination remains biased towards the upside. Therefore, exploring higher levels may not be immediately feasible.
by BlackBull_Markets
AUD/USD could rebound if the RBA deliver a hawkish hikeAUD/USD retracted around -4.4% from the June high, and it appears we may have seen a swing low around 66c. The pullback found support around a volume cluster from the previous rally and formed a 3-day bullish reversal pattern (morning star reversal). Soft US inflation helped weigh on the US dollar, and an RBA hike tomorrow could send the Aussie higher. Money markets are pricing in ~23% chance of a hike, whilst economists are split 50/50 between a hike or a pause. I suspect money markets have priced it incorrectly once again, and the RBA are more likely to hike by another 25bp tomorrow. 4.1% is still low relative to the RBA’s peers, the BOE hiked by 50bp and the ECB, SNB and BOC all hiked by 25bp since the RBA’s last meeting. And the Fed continue to suggest two more hikes are coming. Sure, Australian inflation was lower than estimate, but remains nearly twice the upper range of the RBA’s target. And as this may be Lowe’s last meeting, he may feel obliged to back another rate hike tomorrow. AUD/USD has pulled back during Asian trade and is trying to build a base above Thursday's high. An initial move towards the 0.6720 high seems feasible, with a 25bp hike potentially seeing the Aussie extend it rally towards the 86c resistance zone.
Long
by CityIndex
AUDUSD Analysis. 2 False Brake Out!!!Hello everyone. I want share my idea about AUDUSD. Last week we saw 2 False Brake outs from Flat ( I marked both with yellow circle ) with it market make lot of liquidation, but end of the week price stop moving when it was on first daily Fibonacci LVL. Price movement down side is strong, and it didn't give me any opportunity for open long position, for that I need brake first resistance LVL which is at 0.667 and then brake strong resistance where it made false brake out which is at 0.679 Here is my 2 scene of price movement. Bullish Scene 1 - Brake 0.667 LVL retest it and then brake strong 0.679 LVL after retest it need to brake another Resistance at 0.689. that will be confirmation of bullish trend then we can catch good bullish movement. Bearish Scene 2 - brake Support LVL at 0.664 retest it and continue moving downside brake second big support where it made False Brake out, and last it need to brake 0.647 LVL after retest that broken support we can catch good bearish move. Be Patient!!!!!
by elmakacho