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Audusdidea

AUDUSD Daily ForecastAUD/USD extends corrective pullback from 18-month lows, pre-RBA optimism buoys Aussie AUD/USD recovery lacks traction. Major trend remains bearish. Break above 5-DMA could see some upside. Breakout above daily cloud will change near-term dynamics. Technical Analysis: AUD/USD trades well below daily cloud and major moving averages Momentum is strongly bearish and volatility is high Price action is consolidating break below 200-week MA MACD and ADX support weakness in the pair DISCLAIMER: ((trade based on your own decision ))
Long
by Goldsignal75
AUDUSD Short Term Swing Analysis: another sell in store?Hello Trading Besties, AUDUSD dropped amazingly last week creating a new lower low on the daily and weekly timeframe. If you look closely on the 1 hour timeframe you can see it's fluctuations amazingly. If price can pullback and stay below 0.70460, this can be a great sell opportunity back down to the lower low. Only look for buys if price pushes above 0.70460. My suggestion is you add this pair to your watchlist only if you see the value in trading this pair.
Short
by ShaquanLopez
AudUsd- Genuine break of support?The long-term trend for AudUsd is clearly short with the pair dropping for almost a year now. After reaching 0.7 important figure, AudUsd has started to correct higher and had a local top at 0.73 resistance. The rise from the bottom is corrective in nature and is drowing a flag on our daily chart, on Friday we have a break under this flag's trend line resistance and also under horizontal support at around 0.72. This seems to be a genuine break and I expect continuation. The first target for bears can be 0.7
Short
by Mihai_Iacob
8
AudUsd- Back to 0.7?Is almost a year now since AudUsd has been trading in a downtrend and in this period, the pair has dropped exactly 1k pips from top to bottom. From December's low of 0.7, Aussie corrected to the upside, but the rise is contained in a rising wedge, giving us an indication that the resumption to the downtrend is probable. The trend line support of this pattern is now broken and AudUsd can revisit 0.7 support in the next trading days/weeks. Sell rallies is my strategy for this pair and a daily close above the previous high would negate this scenario
Short
by Mihai_Iacob
18
AUDUSD Analysis 06/03/2021as you can see the price was centrally range bounding in an ascending parallels channel where it has shown Bearish Divergence with MACD and there exist a cross below of MACD and Signal line (in yellow Circle) on MACD Indicator, which is the sign of trend reversal, and price retracement or correction. by using Fibonacci Retracement tool ,we can see currently the price is at 38% level and if this immediate support stands, then we can target 2TP directly, and if not, and price falls to Fibonacci Golden Zone and it stands then 1 TP is very feasible. if fib 61.8% did not stand, then we can short it and target the low of the wave easily... what do you think about it?
by BitonGroup
2
AUDUSD short setupFOMC meeting result make the fed looking hawkish at this moment, so this condition will support the technical analysis setup. From the technical view, the price can't break through the kumo cloud multiple times, even though the kijun sen (blue line) is below the tenkan sen (red line) on a bearish kumo cloud (the ideal position is the kijun above the tenkan if bearish momentum), but i thing this anomaly supported by the fundamental of fed's hawkish statement. So then I'm confident with this 1:2 risk ratio short setup for AUDUSD. What do you think guys?
Short
by PictoPip