AUDUSD: The AUD has also returned to rising momentumAUDUSD: The AUD has also returned to its upward momentum, especially surpassing the 0.6660 zone, showing that the flag pattern has broken to maintain the previous upward trend, so AUDUSD has a high risk of continuing to rise above it. resistance zone 0.67 to move to higher price area. The target is expected to be above the 0.68 threshold. Therefore, in the short term, you can consider buying up AUDUSD today. Recommended to buy around the current price range
Audusdbuy
GBPUSD: in the short term there is also a recoveryGBPUSD: In the quick time period, the British Pound is likewise recuperating to check the resistance round 1.2770. On the H1 frame, it could be visible that this resistance region has promoting stress acting on GU, so withinside the quick time period and with high-quality records which could come to the USD tonight, it's far anticipated that GU will even flip down whilst tested. Check this resistance zone. Ace considers promoting down with GU round 1.2770, quick-time period goal returns to 1.2700
AUDUSD: In the short term, the AUD is recoveringAUDUSD: In the quick term, the AUD is recuperating from the aid vicinity round 0.6600. And in today`s context, it's miles predicted that AUDUSD will now no longer have many fluctuations. Most will acquire strain from the 0.66-0.sixty seven vicinity, so that you can take into account ready to promote across the 0.sixty seven resistance vicinity.
AUDUSD: maintaining narrow range accumulationAUDUSD: The AUD withinside the quick time period is likewise preserving a slender accumulation variety with a corrective downtrend wherein the aid place of 0.6590 is likewise touching the EMA200 withinside the H4 frame. The predicted situation is that AUDUSD may also lower from the modern-day rate variety. If AUDUSD falls beneath 0.6590, it'll verify a longer-time period downtrend. It is usually recommended to promote with this forex pair.
AUDUSD - Looking To Buy Pullbacks In The Short TermD1 - Downtrend line breakout
No opposite signs
Expecting short term bullish moves to happen here.
H4 - Strong bullish momentum
Currently it looks like a pullback is happening.
Until the two strong support zones hold my short term view remains bullish here.
AUDUSD: 1000+ PIPS Swing Buying Opportunity Approaching! FX:AUDUSD
A swing buy opportunity on AUDUSD is approaching, after looking at how price has moved in recent time. Giving us enough confidence to swing buy at the right area as we have marked on the chart. Please use accurate risk management to have upmost success in the market.
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AUDUSD BUY | Idea Trading AnalysisAUDUSD is moving in an UPtrend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
AUD/USD: Westpac's Bullish Perspective The AUD/USD and NZD/USD are trending higher due to risk-on flows boosting these currency pairs.
For AUD/USD, on the downside, immediate support could lie at 0.6594, just above the 100 Daily Moving Average. The RSI is almost levelling off at around 80.
Westpac recently highlighted a bullish stance on AUD/USD:
“...there is no clear path to significantly higher US yields at the moment, especially with Powell reiterating that persistent inflation trends prolong restrictive policies rather than suggesting imminent rate hikes. Additionally, there are increasing risks of a weakening job market, as indicated by softer April payrolls and last week's rise in jobless claims.”
In essence, Powell has tentatively ruled out rate hikes, while Nonfarm Payrolls and other job data have started to soften.
Furthermore, recent US CPI data revealed that the annual inflation rate eased to 3.4% in April 2024 from 3.5% in March. Although inflation remains stubbornly high, the downward trend may not support USD bulls.
Extra gains might push the AUD/USD to test 0.6700, before approaching the key 0.6750 level.
AUDUSD I Potential corrective bounce or consolidation Welcome 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.
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Countdown to RBA rate decision Countdown to RBA rate decision
The nine members of the Reserve Bank of Australia (RBA) are set announce its latest interest rate decision that could significantly impact the Australian dollar.
This comes amidst remarks from Warren Hogan, Chief Economic Advisor at Judo Bank, who suggests that the central bank might soon need to raise rates to over 5%, a notable increase from the current 4.35%. Hogan asserts, "We're nearing two years since the commencement of rate hikes, and it appears that it's not yielding the desired outcomes."
The money market indicates only a small probability of a rate hike today. However, Economic Editor John Kehoe from the Australian Financial Review raises doubts about whether the market is downplaying the likelihood of such an increase. According to Kehoe, over the last 25 years, the RBA has consistently raised interest rates promptly when confronted with a quarterly inflation rate as high as the current one, barring exceptional economic conditions.
In contrast, Gareth Aird, Head of Australian Economics at CommBank, posits that Australia's neutral cash rate likely lies between 2.5% to 3%, and any rate exceeding 3% is sufficiently constraining.
On the daily chart, the price has once more approached a significant resistance zone at 0.6650, where the pair encountered rejection in both April and March.
Should the Reserve Bank of Australia adopt a more hawkish stance today, even in the absence of a rate hike, it might catalyze a breakthrough of this resistance level for the pair. Conversely, a downward move could find support around the 100-day moving average.
AUDUSD: Asian foreign exchange was little changed, the dollar leThe greenback fell from a almost five-month excessive after Powell`s remarks
The greenback index and greenback index futures fell barely in Asian trading, extending in a single day losses after Federal Reserve Chairman Jerome Powell gave blended indicators on a reduce. lessen US hobby fees.
While Powell stated the Fed might subsequently reduce hobby fees later this year, he gave scant indicators at the timing and length of cappotential cuts. Powell additionally stated the crucial financial institution will want to be extra assured that inflation is shifting towards its annual goal of 2%.
Powell's remarks come simply in advance of key March nonfarm payrolls data, due out on Friday. Steady inflation and the electricity of the hard work marketplace are the Fed's largest issues in its capacity to reduce hobby fees.
Ahead of the hard work data, there has been additionally recognition on speeches from different participants of the Fed's hobby rate-placing committee. FOMC participants Michelle Bowman and Thomas Barkin will communicate at separate occasions afterward Thursday.
POTENTIAL TRADE SETUP ON AUDUSDHey Traders,
Check out this technical analysis on AUDUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
AUDUSD: Dollar steady, CPI data awaitedThe dollar index and dollar index futures steadied above the 102 level on Monday, after recording sharp declines last week.
The greenback was beset by comments from Fed Chairman Jerome Powell that the central bank was close to having enough evidence of easing inflation. Powell also made clear that he does not expect inflation to reach 2% to begin considering interest rate cuts.
Adding to this pressure, data on Friday showed nonfarm payrolls rose more than expected in February. But January's figures were revised significantly lower, while other figures showed unemployment rising, suggesting the labor market has cooled somewhat.
Powell's comments kept markets more focused on Tuesday's CPI data, especially as several other Fed officials also signaled that any rate cuts by the Fed would depend largely on the path of inflationary
Audusd Buy Today AUD/USD kicks off the new week on a weaker note in reaction to mixed Chinese inflation figures. A softer risk tone also undermines the Aussie, though subdued USD demand lends some support. Traders might also prefer to wait on the sidelines ahead of the crucial US CPI report on Tuesday.
AUDUSD high probability possible 1000 pips tradehello guys ,
today we are looking at AUDUSD , this pair provides a very good opportunity for a bullish setup
on the daily tf the price made a double bottom and broke its neckline however on friday the daily candle closed as an inverted hammer.
it is possible that the price might pullback towards the neckline to do a retest that also overlaps with the 4h orderblock which is going to be my point of interest and my entry point . id wait for confirmation to enter on 50% of the OB.