Audusdanalysis
AudUsd could drop hardAfter the important break of 0.6750 support back in March, AudUsd has tried and failed 3 times to reconquer that level.
The pressure is clear to the downside and 0.66 support could fall soon.
As long as resistance is intact bears are in total control and selling rallies could be a good strategy.
A break of 0.66 would expose the next important level of support at 0.64, but in the longer term the pair could fall further and test 0.62 low.
DeGRAM | AUDUSD confluence level for the long tradeAUDUSD is near the support level at 0.66500.
On the 4H timeframe, the market is in a consolidation zone.
Price tested the support level many times, and it could potentially reject this level and bounce off.
We expect a retracement from the kill zone .
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AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS.
Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the level of 0.6884. After that, if MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6500 LEVEL if MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
DeGRAM | AUDUSD short opportunityAUDUSD recently made a double top at the resistance level .
The price broke and closed below the ascending channel.
The market is consolidating on the 4H timeframe, and price likely will retest the support by creating AB=CD pattern.
We expect a bearish move.
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AUDUSD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we can see bearish continuation as price took buy stop liquidity and rejected from bearish order block + institutional big figure 0.68000. I will look for shorts position on lower timeframe.
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AUDUSD: Affection!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️
My prediction is that the Australian Dollar will be influenced by the state of global growth and China's economy, without leaving out any crucial information. I anticipate that as China's economy reopens and experiences more robust growth, the Australian Dollar will strengthen as well.
Stronger growth in China as its economy continues to fully reopen to support Aussie
AUDUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD - Buy idea for a RRR of 15:1. Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
This week I want to buy FX:AUDUSD , seeing some great lower timeframe structure break and expect price to go higher. Have a setup on the chart I will be taking a 1% risk on for 15% gain.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Good luck everyone!
Regards,
Enzo
AUDUSD- Two Possible Area to SELL!AUDUSD showed extreme bullish price action yesterday due to AUD being strongest currency while as DXY is still preparing for NFP this week it will good to see how it will affect dxy going forward. There are two possible areas where we can go short the second scenario is for if we NFP takes us out.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Even now, if RISK ON for AUDUSD happens in the near future, it can definitely go UP. Therefore, AUDUSD currently has an UPSIDE BIAS.
Several RBA HAWKISH COMMENTS have been released. Also USD has become STRONG in short term with FED SENTIMENT. It will most likely be temporary. Therefore, STOCKS and COMMODITIES MARKETS are going down quite a bit. It is heavily influenced by the Australian dollar. And AUSTRALIA INFLATION DATA was very POSITIVE. Due to this, the RBA made a RATE HIKE.
- It is definitely possible to break the AUDUSD STRUCTURE and go up to the higher RESISTANCE LEVEL. Accordingly, AUDUSD can go up to the 0.7127 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6642 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. If the dollar becomes strong, you can sell until the level of 0.6552. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD: RBA to hold rates steady for an extended period!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️
While Australia's activity data has shown a slight decline, the Reserve Bank of Australia (RBA) is still focused on tightening monetary policies due to persistent inflation patterns. Additionally, we believe that China's reopening will positively impact the Australian dollar's performance. We anticipate that the Australian economy will avoid a recession this year, and the RBA will maintain interest rates at 3.85% for an extended period. As a result, we expect the Australian dollar to outperform the US dollar in 2023 and 2024.
Note: Note: Full TP, SL for winning the market and safe trading!
DeGRAM | AUDUSD is near the kill zoneAUDUSD returned to the consolidation zone.
The market made a sharp move up and then pulled back.
Price tested the support level many times, and it could potentially reject this level and bounce off.
We expect a retracement from the support level .
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Share your opinion in the comments and support the idea with like. Thanks for your support!