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Audusdsell

AUDUSDThe technical picture is considerably more bearish now, as we see risk assets such as stocks and the Australian Dollar hit by fears over inflation, the outside chance of a 0.50% rate hike by the US Federal Reserve tomorrow, coronavirus lockdowns in China, and the continuing war in Ukraine which has no end in sight. The Reserve Bank of Australia released the minutes of its most recent meeting a few hours ago, which contained no real surprises, just the expected pessimistic inflation outlook. The release did not really affect the price of the AUD, but it is certainly not going to boost it. The price has moved down decisively and printed new lower resistance levels, although the fall has halted. The price is now consolidating just below the resistance level at 0.7207. Given the generally bearish environment for the AUD and the long-term strength in the US Dollar, I will be happy to take a short trade from a bearish reversal at either 0.7207 or 0.7259 if either trade sets up today.
Short
by SmoothJB
Is it risk on for the AUDUSD? Is it risk on for the Aussie dollar? Russia launched a full scale attack on Ukraine this week and this caused a short dip in the market before a strong reversal, bringing up the prices of risk on asset classes across the board. Are we going to see a continuation of trend for the audusd or will there be a deeper correction? BULL CASE Price makes one more push up to 0.7350 where it meets stronger resistance. BEAR CASE Price breaks down from here and finds some support at around 0.695 area. We are slightly bias to the upside. If price breaks the stronger resistance, we will be looking at a sustained move to the upside and a larger long term consolidation range.
Long
by IkanBilisCapital
Break of consolidation structure coming for AUDUSDThe aussie dollar traded in a sideways action this weak, consolidating upwards from it's downward trend. Shorts that have got in this week would have given up and it looks like the move on the last day of the week signals a stronger break to the downside. This push to the downside will likely find some support around the 0.69 levels before the market decides what to do. From a macro perspective, a long and rough ride to 0.675 is what I will be expecting to see. If you are able to get in for a short this week, this level is good for an entry and your stop loss should be safe by placing it on 0.723.
Short
by IkanBilisCapital
AUDUSD Bearish!AUDUSD is still in a bearish cycle, but I think we are about to reach critical areas. On the larger time frames there is further room for even more downside to about 0.67 which I have been expecting since late last year (2021), but currently we expect the move lower to at least break the January 28 (2022) low. The 0.67 is between the 50% and 61.8% retracements of the impulsive move higher from the March 2020 low, of which from then we can expect the AUDUSD pair to resume the bullish cycle even going to just above 1.000.
Short
by pkhumalo
Clear downside for AUDUSD.The aussie dollar broke down this week after a fake out to the upside. We can expect to see more downside to come this week. You can either enter a short at these levels at market open next week or wait for a pullback to short it. The pullback should retest 0.715 and breakdown from there. Our full target will be 0.675 and the timeframe for this to happen within is March 15 to 16. Once the rates kick in, I expect to see a full on recovery of risk on.
Short
by IkanBilisCapital
AUDUSD: Bearish Pin Bar Sell Signal - 50% Retrace Entry, 11-2-22AUDUSD: Bearish Pin Bar Sell Signal - 50% Retrace Entry, 11-2-22 Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 0.7171 short-term resistance level, overnight. Price formed an Inside Bar Breakout Pattern, earlier this week (We did not consider trading this pattern as it is an incredibly wide pattern which makes it hard to manage Risk-Reward and the market is very choppy at the moment). Potential Trade Idea 1: We are considering selling on a retracement higher to within the 50% range of the current Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high. Potential Trade Idea 2: For more aggressive traders, we are considering selling from the current Giant Bearish Pin Bar Signal, with stops above the Pin Bar’s high.
Short
by UnknownUnicorn393254
AUDUSD - Bearish outlook for the weekHi Everyone, I believe AUDUSD won't be able to break above 0.7100 again and will continue to fall throughout the week. Keep an eye on this idea as I'll keep updating here the key levels to look price action at, just so you make a better decision to enter sells! I will not be selling at the beginning of Market Open and so shouldn't you! Wait until you see some clear indications that the market will continue to go down. Good luck. Gaspar_Trader
Short
by Gaspar_Trader