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Audusdshort

AUD/USD: Shorting between 0.6790-0.6770 Today's release of China's impressive PMI data sparked a large inflow of funds into the yuan, causing the sudden decline of the US dollar index. This is clearly a short-term impact and will not change the overall market trend. Therefore, after this abnormal volatility is exhausted, the market will return to its original rhythm. Regarding the operation of the US dollar index, it is still judged as a short-term opportunity to buy on dips, while for AUD/USD, it is advisable to short on rallies. Based on the market, the following recommendations are given: Short between 0.6790-0.6770, with profit targets at 0.6750, 0.6730, and 0.6700. FX:AUDUSD OANDA:AUDUSD TVC:DXY FX:EURUSD
Short
by investmentMr-X
2
The logic behind the AUDUSDThe head and shoulders pattern has formed, with the US dollar maintaining its strength, indicating that bearish momentum is inevitable for the Australian dollar The January core inflation data, including CPI , PPI and retail sales, all rebounded. Combined with the wage data in the non-agricultural employment report, it shows that US inflation has rebounded in stages. Although the downward trend of inflation remains unchanged, it will stimulate Fed extends rate hikes The U.S. dollar rebounded strongly due to the rise in inflation and stimulated the central bank to raise interest rates. Worries prompted investors to cover the U.S. dollar, and the U.S. dollar regained its dominance in the short-term situation. At the same time, the strong US dollar depresses commodity prices, and the Australian dollar loses its power. Interest rate hike expectations are also extremely detrimental to the performance of U.S. stocks. After the end of the earnings season, U.S. stocks lack guidance, and rising inflation suppresses market liquidity and puts pressure on stock market sentiment. In this situation, the short position of the Australian dollar has the best time, location, and harmony. Technical head and shoulders The head and shoulders pattern is a high chance of winning in the technical trend, and it is one of the skills that must be mastered
Short
by Ice_and_Fire1
Seeking a bearish breakout on AUD/USDThe Australian economy has had a few of soft data points this week which, whilst not detrimental to the economy, will be duly noted by the RBA as they seek to cool the economy without completely breaking it (and ponder a pause in rate hikes). Yesterday we found inflation was 'only' 7.4% y/y, compared to 8.1% expected and 8.4% prior - and GDP was soft at 0.5% q/q. Well today things got a little more interesting with housing and credit data. The S&P Global Ratings Agency noted in a report that mortgage arrears were on the rise, whilst dwelling approvals nosedived nearly 30% in January alone. Cleary, RBA's aggressive hiking path is beginning to bite, and we also need to consider that there's a large lag between hikes and such data points (so expect further weakness to come). And that matters, as it could force the RBA to stop hiking sooner than they currently expect, and that is likely to weigh further on AUD/USD whilst some Fed members continue to speak of interest rates being over 5.4% and ponder between a 25 or 50bp hike in March. AUD/USD daily chart: We can see on the 4-hour chart that the AU-US 2-year yield differential is pointing sharply lower as US yields continue to outpace their Australian counterparts. Prices are consolidating within a potential bear flag or retracement channel, whilst the RSI (14) remains below 50 and shows the potential for a lower high. If prices drift higher, bears could seek bearing setups below the 0.68200 (last week's VPOC) or the daily pivot point. Otherwise, they could wait for a bearish break of the bear-flag and assumes bearish continuation towards 0.6650 and 0.6570.
Short
by CityIndex
AUD/USD: Sell in 0.6740-0.6750 range Yesterday's sharp drop in the January durable goods data announced by the US Department of Commerce has caused concerns about the US economy and triggered a decline in the US dollar index. Today, the US dollar index is expected to continue its slow upward trend, so it may be a good opportunity to buy at a low price. However, in relation to AUD/USD, it may be a good opportunity to sell at a high price. Based on the market situation, the following suggestions are given for reference: Sell in the range of 0.6740-0.6750, with a stop loss of 20 points and a target of 0.6720, 0.6700, and 0.6680. FX:AUDUSD TVC:DXY OANDA:AUDUSD
Short
by investmentMr-X
2
Look for sell opportunities on AUDUSD!AUDUSD we are bearish biased. We are expecting US dollar index (DXY) to appreciate during the coming days, which in turn will send Australian dollar lower. Technically, the pair has now switched bearish. We will be looking for short opportunities the coming week and we will be paying attention to an imbalance and a bearish candle that opened at 0.65044 on 09 November 2022 (AUDUSD is more likely to gravitate towards that). If you find this idea helpful, please do consider leaving a like. Trade smart!
Short
by Forexintelligence_NA
6
AUDUSD 2hr Minor correction (22/02/2022)After breaking the support trend line , AUDUSD is currently in need of a minor correction. The current price action suggests that a pullback and retest of the trend line is likely to occur. If the price is rejected at this key zone, I will wait for a bearish engulfing candle before considering a sell position, particularly if it breaks the support zone marked in yellow. However, if the price continues to rally up, my bearish bias will be invalidated. It's important to monitor the market closely and be prepared to adjust your trading strategy accordingly. What are your thoughts on this? Feel free to share your comments below.
Short
by Popeson
5
AUDUSD Bearish on weekly (24/02/2023)Using my topdown analysis from monthly TF upto to 4hrs TF, everything is pointing to a bearish trend for AUDUSD. AUDUSD failed to break the resistance trendline and it has presently showed an engulfing bearish candle on the weekly and monthly chart. I'm expecting the price to retest the last major support at 0.61792. I am anticipating over 400pips as the market descend. I have placed my entry and 2 TP targets on 4hr time frame. However, there is a probability for price to retrace at the minor key level of 0.66880 marked in yellow. What's your thought on this? kindly like and comment
Short
by Popeson
2
AUDUSD bias is still for lower levels.AUDUSD - Intraday - We look to Sell at 0.6885 (stop at 0.6925) Buying pressure from 0.6794 resulted in prices rejecting the dip. We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.6785 and 0.6765 Resistance: 0.6925 / 0.7160 / 0.7400 Support: 0.6780 / 0.6665 / 0.6550 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
AUD/USD showing promising signs to our original target at 0.6500AUDUSD as previously mentioned. Formed a Rising Flag (broke below) At the time the indicators were all mixed but now we have stronger signs that the price wants to come down. 21 >7 - Bearish RSI < 50 - Bearish Target 0.6500 CONCERNS: The worry is that the price is still flirting with the 200MA and the environment is still Green (Bull trend). Once price breaks below, it will all be a higher chance of the price continuing to plummet.
Short
by Timonrosso
AUDUSDThere is evidence of bearish order flow imprinting on the AUDUSD. We have registered a CHOCH and BOS on the 4HR. For confirmation, we have a CHOCH an the DTF confirming our bearish bias. In the interim we anticipate a bullish correction targeting the unmitigated OB(in yellow sitting lower-aggressive) or the fair value gap inside the unmitigated OB sitting higher(conservative entry) targeting a 9 RR. As swing traders, we favor the conservative entry targeting the 0.63 region.
Short
by morrisgitau
1