AUDUSD I Potential corrective bounce or consolidation Welcome back! Let me know your thoughts in the comments!
** AUDUSD Analysis - Listen to video!
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Audusdfundamentals
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 rise up to the 0.7150 level. After that, if the MARKET RISK OFF, AUDUSD can SELL to the AUDUSD 0.6780 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it.
AUD CASH RATE is about to be released. And the USD has become STRONG in the short term. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. 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 0.7050 0EVEL. 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 to fall further. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is that the US ELECTION was won by the REPUBLICANS and the US CPI DATA is NEGATIVE. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily influenced by the Australian dollar. And the AUSTRALIA INFLATION DATA was very POSITIVE that day. 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 0.7000 0EVEL. After that, if MARKET RISK OFF, AUDUSD can SELL to AUDUSD 0.6405 LEVEL if MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. For that, the MARKET STRUCTURE should be BREAK. And RISK should be OFF. audusd
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS#AUDUSD
- Currently AUDUSD is going UP very fast. The reason for that is the RBA RATE HIKE FORECAST and the weakness of the dollar yesterday. A MARKET FEAR about the economic recession is currently underway.
- Thus, COMMODITIES are going up now. It also affects the AUD very strongly.
- AUDUSD can move further until it reaches the 0.6763 level. And after that, if the MARKETS RISK is ON, the TREND LINE in AUDUSD has definitely been BREAKED by now. It can be BUY up to 0.7233 LEVEL if the RISK ON condition continues with USD WEAKNESS.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS- DXY is currently at 101.901 LEVEL. Also the AUD FEATURE stays at 0.7184 LEVEL. The AUDUSD PRICE is rising above the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be slightly higher than the DYNAMIC LEVELS. Then you can BREAK TREND LINES and DOWN.
- STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status has been weighed down. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD.
- Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
- AUDUSD PRICE can be UP to 0.7329 LEVEL before DOWN. Then it can be sold till 0.6673 LEVEL. This is due to the continued strengthening of the American data against the dollar and the collapse of STOCKS and COMMODITIES. RISK OFF SENTIMENT can be DOWN again according to the MARKET SENTIMENT.
Audusd forex analysis and strategy with Millionaire Logistics fxAudusd forex analysis and strategy with Millionaire Logistics fx
Dear Forex traders, trust you are benefitting from the forex analysis we share. Last week we shared our trade idea on eur aud while the trade is yet to reach target, this week our star pair is the Aud Usd.
Sentimentally, There have been reports of covid-19 cases in China which has led to the Chinese authorities enforcing a stay at home order in the major district of Shanghai till Tuesday and with Apple considering to increase productions outside China, Also, with the incumbent Prime minister of Australia conceding defeat to the opposition leader and incoming PM, I perceive the administration having a smooth but economically uncertain transition. As regards the first sentiment, China and Australia are a very close trade allies and partners.
More so, with the current risk appetite of investors are sentimentally risk aversive as US Stocks seem to be on the decline and Japan's stock saw some rise. Interests may be driving towards shifting to assets of low risk. On the US scene, POTUS has shown intent in having talks with the North Korean President if he is serious, same time looking to deepen economic partnership with Taiwan.
Fundamentally, Tuesday 24th is packed with very interesting news event which may cause volatility and trends in the Market such as the FOMC meetings S&P Aux pmi flash.
Technically, AudUsd remains in a bearish trend and still trading below the ema. currently, i highlighted a supply zone on the 4hr chart from where price fell to the downside and the demand zone as well. last week saw a bullish correction move.
the price is currently at a liquidity level i expect to be swept and if price approaches the supply zone up, i would find a sell entry to trade in line with the trend.
I look forward to your contribution and opinion. Thank you for your support on YT.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS⛔️ DXY is currently at 104.51 LEVEL. Also the AUD FEATURE stays at 0.6869 LEVEL. The AUDUSD PRICE is going down from DYNAMIC S / R LEVELS. Therefore, the PRICE can be slightly UP to DYNAMIC LEVELS. Then you can BREAK TREND LINES and continue up.
⛔️ STOCKS are currently DOWN. And VIX is becoming UP. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are going down. Also BONDS SPREADS are becoming UP. By now the MARKET RISK is OFF. So definitely create a DOWN TREND for AUD CAD NZD and a UP TREND for JPY CHF USD.
⛔️ Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
⛔️ AUDUSD PRICE can be UP to 0.7022 LEVEL before DOWN. Then it can be sold till 0.6673 LEVEL. This is due to the continued strengthening of the American data against the dollar and the collapse of STOCKS and COMMODITIES. RISK OFF SENTIMENT can be DOWN again according to the MARKET SENTIMENT.
Audusd weekly forex analysis with weekly forex trading strategy AudUsd weekly forex analysis with weekly forex trading strategy from 25th, april, 2022
In the previous analysis we shared on Audusd, we submitted that audusd was overbought and a supply zone was formed on the weekly chart as price broke structural level to the downside on the 4hr chart. we went short on the 12th of April, 2022 targeting the moving average as seen on the chart.
Sentimentally, despite the high demand for commodities, the demand for the US Dollar is still high due to economic uncertainties. Tension is still high amidst on going conflict between Russia and Ukraine. Gold on a macro scale is bearish which as we know could be one of the reasons the Aud has been down too as Gold & Audusd are positively correlated while Australia has most of her foreign reserves in Gold.
Fundamentally, NFP is till the 2nd of May, 2022. However , Us GDP growth rate QoQ will be reported on the 28th with expectations that figures will be higher than expected. Also Inflation rate from Australia will be reported on the 27th of April. All high impact news.
Technically, As seen on the the chart, Although the video analysis of this pair speaks more volume, price has broken a weekly and daily support level around the 0.7246 area heading for a liquidity area around 0.7022.
The price initially dropped rapidly of a 4Hr supply zone around the 0.74822 .We should be watching price approach the 0.72062 area by Monday then bounce up to either 0.7295 if price doesn’t break that area...then short AudUsd to daily Demand zone shown or watch the 0.7371 area to short. However, my sentimental bias for the AudUsd is bearish.
I would love your comments and idea on this pair as well.
AUDUSD - CURRENT SITUATION AND FUNDA & TECHNICAL BIAS- There is no important news for AUD today and the Australian dollar is following the market sentiment today. Also in US dollars today at the New York Session are the DATA Flash Manufacturing PMI and Flash Service PMI.
- DXY is currently at 100.97 LEVEL. Also the AUD FEATURE stays at 0.7314 LEVEL. The AUDUSD PRICE is going down from DYNAMIC S / R LEVELS. Therefore, the PRICE can be slightly UP to DYNAMIC LEVELS.
- Currently STOCKS are getting somewhat DOWN. And VIX is getting a bit UP. Also COMMODITIES OVERALL DOWN. It's something special. Also BONDS PRICES are a bit GREEN. Also BONDS SPREADS are DOWN. There is currently no CLEAR DIRECTION in the MARKET. Maybe today's Friday because it's MARKETS CORRECTION. Currently the market has a NEUTRAL BIAS.
- Technically the AUDUSD PRICE can be quite a PULL BACK today. But AUDUSD may continue to rise in price. There is a very important TREND LINE RESISTANCE above.
- The AUDUSD PRICE can drop to 0.7402 LEVEL before DOWN. Then it can be DOWN till 0.7171 LEVEL. The reason for this is that American data continues to be very, very strongly reported. But according to the MARKET SENTIMENT it can be DOWN again because of the RISK OFF SENTIMENT.