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Audusdforecast

AUD/USD looks set to extend its bounceThe Aussie fell in line with our bearish bias last week, thanks to stronger-than-expected CPI data from the US and the Middle East conflict. Yet despite the risk-off sentiment, the Aussie held above 63c last week and formed a bullish engulfing day on Monday. A bullish engulfing candle also formed on the 4-hour candle, prices are back above the September low and are now considering a break above the monthly pivot. Given the liquidity gap (LG) that formed during last week's decline, a break above last week's high assumes the LG could be filled if prices break higher. The near-term bias remains bullish above the 4-hour candle low.
Long
by CityIndex
AUDUSD: AUD/USD tests 0.6300 as risk-off sentiment prevails and AUD/USD struggles to maintain above 0.6300 after PBOC's decision to keep the lending base rate (LPR) unchanged. Selling pressure weighed heavily on the pair amid persistent risk-off sentiment due to escalating tensions in the Middle East. AUD/USD recovered from near the key support of 0.6285, but the overall bias remains bearish as the price remains below the 20-day MA. On frame D1, price action has not shown clear developments yet. On the H4 frame, AUD/USD is stuck below MA 20, but technical indicators show recovery potential. If we break through the immediate resistance of 0.6355, the next targets will be 0.6375 and 0.6390, reinforcing the strong upward momentum to 0.6430. If the support of 0.6330 is broken, the outlook for AUD/USD will be relatively worse, but holding the support of 0.6285 will limit the downward momentum. On the contrary, if it breaks below this level, sellers will aim for the 0.6250 support and the 2022 bottom at 0.6170.
Long
by Chart_MasterPro
AUDUSD: Asian foreign exchange increased slightly after China anMost Asian currencies rose slightly on Wednesday following news that China's economic growth was stronger than expected, although concerns about an escalation in the Israel-Hamas war limited gains. Fresh concerns about higher long-term US interest rates also persisted after stronger-than-expected September retail sales data, which markets fear could lead to inflation. growth increases. However, currencies that had been hit hard, especially those with exposure to China, saw some gains after China's third-quarter gross domestic product (GDP) Nation is strongly announced. Australian Dollar up 0.2%
Long
by Chart_MasterPro
AUDUSD: Asian stocks opened lower after a negative overnight sesAsia Pacific markets are expected to continue to decline at Friday's open, weighed down by Wall Street's decline in response to stronger-than-expected labor data and mixed comments from the Bureau. Federal Reserve. As of 9:50 a.m. AEST (11:50 p.m. GMT), the S&P/ASX 200 index was down 1.4%, while Nikkei 225 futures also showed a lower open with a loss of 70 points. US stocks closed lower, with the Dow Jones Industrial Average down 250 points to 33,414, while the S&P 500 and NASDAQ Composite fell 0.8% to 4,278 and 1% to 13,186 respectively. Midday gains were seen after Federal Reserve Chairman Powell said further interest rate hikes in November were unlikely. However, inflation concerns persist as policymakers exercise caution.
Short
by Chart_MasterPro
AUDUSD - Potential short ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.64000. Fundamental analysis: Tomorrow will be released Unemployment Rate in Australia and Unemployment Claims in USA. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
AUDUSD - Short after filling the imbalance ✅Hello traders! ‼️ This is my perspective on AUDUSD. Technical analysis: After change of character here price started to form lower lows and lower highs, so I am looking for shorts. I want price to go a little bit higher to fill that huge imbalance and then to reject from bearish order block. Fundamental analysis: Tomorrow will be released monthly and yearly CPI in USA. I expect we can see a decrease on CPI, which means strength of currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
AUDUSD BULLISH moment on the way...AUDUSD is a forex instrument that has 5.4% of trading volume. AUDUSD have been consolidatiing in the rectangle for past 2 month. It break to the downside but proved to be a fakeout. and market reversed and ended up back in channel. AUDUSD is expected to be bullish for next week. Reason : Fakeout and very nice volume comeback to channel. Price > 5 EMA >13 EMA Bullish pattern formation after fakeout. right time to make position. RSI > 50 Bullish Zone. Verdict : Bullish for next Week Plan of action: Buy: 0.63835 (after retrace) SL: 0.63508 Target: 0.64941
Long
by finnova_
XAUUSD MID-WEEK ANALYSIS-UPDATE 24/09/2023Anticipating a Positive Reversal Post 3-Day Bearish Trend After a three-day downturn in the AUD/USD pair, market dynamics are displaying intriguing signals. This adjustment aligns with the relationship between the Australian Dollar (AUD) and the US Dollar (USD), paving the way for an expected positive reversal in the AUD/USD. Join us as we vigilantly observe this currency pair's journey in the days to come. Always remember that trading carries inherent risks, so it's crucial to stay astute and adjust your strategy in accordance with the unfolding market scenario. Happy trading! 📈💰 #AUDUSDImpression #PositiveReversal #TradingView
Long
by Dion-FX
AUDUSD END-WEEK ANALYSIS-UPDATE 24/09/2023AUD/USD Outlook: Surfing the Forex Waves - But Watch the DXY The AUD/USD journey has been an eventful one, with our earlier forecast for a recovery spot on. However, market dynamics are ever-shifting, and the next chapter is upon us. Now, I'm anticipating a potential downturn for AUD/USD as the US dollar regains strength. But here's the caveat: this scenario hinges on the DXY maintaining its bullish momentum above 105.864. Join me in monitoring this intricate interplay of factors as we navigate these forex waves. Stay tuned for more insights and updates! 📉📈 #AUDUSDOutlook #MarketShifts #TradingView
Short
by Dion-FX
AudUsd- Remains bearishSince mid-August, AudUsd is trading in a range. Last week the pair tried to break under support and failed. The pair reversed and tested 0.65 zone resistance once more, a level at which bears sold the pair aggressively, leaving a long-tailed Pin Bar on our chart. At the time of writing the pair is dropping once more and this time is very probable to have a genuine break of support if the pair touches this level again. In this case, down continuation to the 0.62 zone is the most probable scenario. As long as AudUsd is trading under 0.65 I'm bearish
Short
by Mihai_Iacob
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