AUDUSD Idea for next month.Hi there!
Despite interest rate hikes in Australia, the AUD / USD pair appears to be at the lowest levels since May 2020. This is in the 0.69-0.68 region that was tested last week. The weakness of the AUD may be related to both declines in industrial commodity prices amid concerns about inflation ,
and the US Federal Reserve may raise interest rates faster than the RBA.
Today I would like to present to you my analysis of the AUDUSD currency pair.
According to my careful analysis, we can expect a move of over 650 pips.
If you would like to learn to analyze the market according to financial institutions, feel free to write to me.
Audusdsell
AUDUSD and NZDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD:MA to cap gains?!!AUDUSD
Intraday - We look to Sell at 0.7075 (stop at 0.7135)
We are trading at overbought extremes. The 200 day moving average should provide resistance at 0.7074. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies.
Our profit targets will be 0.6900 and 0.6780
Resistance: 0.7130 / 0.7315 / 0.7500
Support: 0.6970 / 0.6780 / 0.6540
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AUD/USD could fall from here!Hey tradomaniacs,
technically a great spot to sell AUD/USD but be cautious with the FED today!
If interest-rates are even higher than expected AUD/USD could get very volatile.
This is because the market might price-in a FED considered to be ahead the Curve in order to get
buffer for upcoming rate-cuts in case of a recession.
In this case we could see bulls in equities and so a struggeling AUD/USD.
What do you think?
AUD/USD likely to fall!Hey tradomaniacs,
recent news have caused a huge stop-hunt at the topside of the range which is a strong indication of a move down.
If the current breakout continues and we see more momentum we can expect price to re-test the market-up support-zones.
Be cautious as we are going to see NFPs tomorrow, means price can stay choppy until then.
What do you think?
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.
SHROT AUDUSDSHORT AUDUSD @ 0.7057
TP @ 0.6829
SL @ 0.7147
Lets keep this clean. AU is rejecting off the bearish resistance line in the downward channel, this tell us that the highs are in place and we can expect it to retrace lower.
I am aware DXY is soft atm, but if this changes we could see a free fall in this cross which would be good.
This trade offers a 2.5/1 RR ratio.
Good luck :)
AUD/USD with a nice short-chance!Hey tradomaniacs,
riskoff as expected continues and we should see more of a falling AUD/USD today.
As we are about to get a nice pullback after a stop-hunt (fakeout above the previous breakoutzone) we are getting a great opportunity to catch the next momentum to the downside.
What do you think?
AudUsd could drop from resistanceLast week AudUsd has dropped hard breaking under 0.7000-0.7050 support and after making a local low at 0.6820 the pair is reversing.
At this moment the pair is trading above 0.7 and is facing now resistance zone.
A new wave of selling could start for this pair and bears could target the recent low for their sales.
A break back above 0.7100 would negate this scenario
AUDUSDThe Australian dollar broke through significant support during the week, and it looks to me as if we are more likely than not going to go lower. Keep in mind that the Australian dollar is highly sensitive to commodity markets, and therefore global growth. The 0.70 level above should offer resistance as it has been that massive support we have been paying attention to. Because of this, I will be looking for signs of exhaustion anywhere near that area. On the downside, the 0.68 level is an area that could offer a little bit of support.
AUDUSD Top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.