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Aussie

AUD/USD New bullish phase!After waiting for the AUD/USD price to break down and correct with a Fibonacci level of 50% before riding the trend back up. Now, following the current price Chart, the correction is at the 50% fib level, a buy stop order is already in a position to catch the price up to the next resistance level at 0.7540. Trading Setup - A Buy Stop order at 0.7340 Take profit at 0.7540 Stop loss at 0.7290 Trade with proper money management! Disclaimer, I am not liable for any loss incurred from this signal, and neither would I claim for any profit, trade the setup at your own discretion.
Long
by Adefxc
1
AUD/USD -7/3/2022-• Aussie has got a high positive correlation with gold • Historically, that correlation was close to 80% • The Australian currency rose almost 400 pips against the USD, unlike most of the majors that fell against the greenback in the recent days and weeks. • Technically, the pair broke above the higher highs/descending trend-line that's been in play since Jan 2021. • At the time of writing, bears are testing the mentioned trend-line and trying to close below it, while bulls are defending it and trying to secure a daily close above it. • If the bears win, downtrend will resume • If bulls win, first target is the Oct 2021 high near 0.75500 followed by 2021 highs and round figure 0.80 • Scenario 1: Long with stops below the trend line resistance turned support • Scenario 2: Short if pair is back trading below the line. Conservative traders should wait for a confirmation/ 2 or 3 daily closes below the line while aggressive traders may enter before any confirmation and secure more pips. Good luck
by RamziAbouAbdallah-CMT
It was a PERFECT analysis that finally hit the target Click the link in the Yellow circle to see the previous analysis. It was a perfect analysis; I predicted that after the Australia open international border news came out (chart attached below). Currently, All eyes are waiting for the US unemployment data, and also Powell will testify later on in the US session. Technically, so far, the price is precisely retesting the major down trendline. If the price can breakout and close above the major down trendline, I reckon AUD potentially will keep climbing to 0.737 area. However, if AUD rejects the major down trendline, there's a possibility that it will retrace to the 38.20% Fibonacci retracement. Based on the Moving average 50 and 200, currently, I remain bullish. Please DO NOT enter the trade blindly because this analysis is the follow-up analysis and not a suggestion to buying AUD right now, very BAD price! Catalyst: - US Unemployment - Powell testify - US PMI - NFP
Long
by GoldCartel
3