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Audusdforecast

AudUsd- Navigating its Downtrend: Where's the Bottom?Aud is very weak and the recent drop is not only on the back of USD strength... After the new failed attempt to stay above 0.68 important figure back in July, the pair started to drop hard and in this descent cleared some very important levels that should have provided support: 0.66 and 0.65 For more than a month now the pair is trading in a 150 pips range, but the break down looks imminent at this moment. Looking at the posted chart we see how strong the 0.65 ceiling is and for AUD to reverse back up would take a lot of fundamental reasons that simply are not there. In conclusion, any rallies above 0.64 should be sold and swing traders could target 0.6250.
Short
by Mihai_Iacob
9
AUD USD Bat forming I hope everyone enjoyed the Gold bat yesterday, I felt nervous about publishing it as everyone in the chats was saying to buy gold at the news. Anyway, all was good, and all the guys at XAU USD Elite earnt lots of lovely profit. It proves that if your strategy is sound then you always go with it, do not be swayed by others. Anyway, here we are with the AUD USD, and a bat is forming. We know the rules; if it doesn't reach point D then the bat fails, we press delete, and go and find more bats. Published 21st September 10:45am UTC+1
Long
by Elite_Trading_Signals
AUD/USD Gains Ground Ahead of Fed Decision Amid RBA CautionAUD/USD Gains Ground Ahead of Fed Decision Amid RBA Caution The AUD/USD currency pair continues to trade with an upward bias, reaching around 0.6460 during the European session on Wednesday. The pair's recent gains can be attributed to market caution ahead of the highly anticipated interest rate decision by the US Federal Reserve (Fed). In this article, we examine the key factors influencing the AUD/USD exchange rate, including the Reserve Bank of Australia's (RBA) monetary policy stance and the potential impact of the Fed's decision. RBA's Monetary Policy Deliberations The RBA recently released the minutes of its September monetary policy meeting, shedding light on the central bank's discussions. Notably, the RBA contemplated the possibility of a 25 basis point interest rate hike during the meeting. However, the decision ultimately favored maintaining the current interest rate, driven by the observation that recent economic data had not significantly altered the economic outlook. Despite the decision to hold rates steady, the RBA made it clear that it stands ready to take further measures to tighten monetary policy if inflation proves to be more persistent than initially anticipated. While this readiness underscores the central bank's commitment to controlling inflation, the absence of new hawkish signals in the minutes may temper the Australian Dollar's (AUD) strength relative to the US Dollar (USD). China's Impact on Market Sentiment The People's Bank of China (PBoC) decided to keep its benchmark lending rates unchanged, aligning with market expectations. The one-year Loan Prime Rate (LPR) remains at 3.45%, while the five-year LPR holds steady at 4.20%. Additionally, China's National Development and Reform Commission (NDRC) acknowledged the economic challenges faced by the country but expressed confidence in the effectiveness of domestic macro-control policies. This sentiment from key Chinese officials can influence investor sentiment in the Asia-Pacific region, including the AUD. US Dollar and Interest Rate Expectations The US Dollar Index (DXY), measuring the USD against major currencies, is trading lower near 105.10 as investors anticipate the Fed's decision. Market consensus suggests that the Fed will maintain its current interest rates but will provide further guidance on its future monetary policy stance. Markets have already priced in the possibility of a 25 basis point rate hike by year-end, driven by strong US macroeconomic data and persistent inflation pressures. The robust US economic outlook has led to higher US Treasury bond yields, supporting the USD and posing challenges for the AUD/USD currency pair. The US 10-year Treasury yield remains relatively high at 4.35%. Market Focus on Fed Guidance As investors await the Fed's decision, their attention is primarily on the central bank's future rate hike plans. Market sentiment indicates that the Fed is inclined to maintain higher policy rates for an extended period. Therefore, the focus will shift to the accompanying monetary policy statement and remarks by Fed Chair Jerome Powell during the post-meeting press conference. Conclusion The AUD/USD currency pair's recent gains reflect the cautious sentiment prevailing in the market ahead of the Fed's interest rate decision. The RBA's readiness to tighten policy if needed and China's economic stance add layers of complexity to the currency pair's dynamics. The direction of the AUD/USD exchange rate will largely depend on the Fed's guidance, making Jerome Powell's statements a key factor in shaping short-term market sentiment. Our preference Long positions above 0.6440 with targets at 0.6490 & 0.6510 in extension.
Long
by FOREXN1
8
"AUDUSD: Bullish Momentum Towards 0.6700+"AUDUSD is anticipated to experience an upward trajectory in the near future. The price recently reached a crucial support level at approximately 0.6400, and subsequently, the market exhibited a notable surge in momentum. This positive price action suggests a potential bullish trend in the making. Traders and investors can reasonably expect the price to ascend towards the prominent resistance zone between 0.6700 and 0.6740, where a trendline convergence may offer significant trading opportunities. AUDUSD BUY 0.6430 TP1 - 0.6700 TP2 - 0.6740 SL - Join Our Channel
Long
by FKW-Millions
Will AUDUSD will fall sharply?AUDUSD is a forex instrument that has 5.4% of trading volume. The Instrument has been in a falling wedge pattern and seems to continue its trend for some time. It has touched the above trendline and might break the rectangle pattern to the downside. If it happens, it might give a violent move to the downside. Once it breaks, wait for the retest, and then enter after the retest. It might be a nice trade with RR: 1:2.5. Reasons : If it breaks to the downside, it will also break VWAP to the downside, which might trigger the selling moment. RSI has already shown weak strength, and the trendline is broken to the downside in RSI. Price < 13 EMA < 200 EMA (Weak Trend) Bearish pattern formation for 3rd wave. Verdict : Bearish if breaks downside. Plan of action: Short after downside breakout retest
Short
by finnova_
2
AUDUSD SHORT TermVSELLING Trading IdeaHello Traders In This Chart AUDUSD HOURLY Forex Forecast By FOREX PLANET today AUDUSD analysis 👆 🟢This Chart includes_ (AUDUSD market update) 🟢What is The Next Opportunity on AUDUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
AUDUSD, SHORTAUDUSD has selling for the past 8 consecutive weeks since 12th Jul 2023 to date. Price is currently making upward corrections and i expect it to fulfill the fibo retracement conditions and then short further to the next significant level at 0.62780. The DXY is on the front foot of strengthening more and that could even ignite more shorts on AUDUSD. There is important news on USD coming up from Wednesday to Friday on CPI, PPI and unemployment claims and others so let us keep tune on it. All the best traders.
Short
by AbeikuGlobal_FX
1
AUDUSD I Downside bias and short-term potential longWelcome 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!
Short
by BKTradingAcademy
16