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Aussiedollar

Australian Housing Market under pressure=> Here this is a very complex and advanced environment for all trading the break above => Our base case scenario on Brexit is for a hard/no deal, although with that said there is still enough political momentum in the short short term to give further gains to Sterling. => UK Yields are rising with PMI and housing data remaining robust (won't be the case for very long) => On the Australian side we have a very vulnerable housing market on the brink of collapse, and continual rise in global funding costs. => We are simply trading a knee jerk to the upside here as AUD bulls capitulate => Good luck to all those trading in live or tracking closely
Long
by ridethepig
GBP/AUD Short Setup- Price retesting the daily support - Potential triple top to be formed if this level rejects price once again - Re entered the consolidation range where price is struggling to beat 1.8185 level - This bearish bias is supported by confluence as this level is also the 61.8 fibonacci level on the H4, which suggests that the retracement could be over - A series of consolidation illustrates uncertainty and price exhaustion around this area and awaiting a bearish swing
Short
by Shivam_93
Aussie DollarThe Overall trend on AudUsd is weak and we may see more lower levels tested on this pair. As seen on the chart, both the channel and resistance level collide around 0.7320/0.7350 levels. There is a failure breaking past this demand zone hence we are more shortist on this pair. Find better price if you are going to trade, else a destination to Australia will be Ideal now. USDJPY is another pair that we are watching, bearish view remain intact with 113.15/113.20 resistance still not tested.
by TradersArticle
AUDUSD: LONG Opportunity BuildingVery strong Bullish price action on the Aussie/Dollar after finding support around the 0.7085 handle. Price has completed a bullish head and shoulders pattern but is facing resistance at the 0.725 mark. My system has not given a trade signal, so for now I am simply monitoring the pair to see how it follows through for the rest of the week. It is worth noting that Dealer Intermediaries have grown less net long the Aussie over the last two weeks. Next weeks CFTC report will likely continue this trend. LEVELS TO WATCH: 0.72822 - Price crosses above the 40 period moving average. 0.7210 - 100% Fib Extension off of September low. 0.7306 - 161.8% Fib Extension off of September low. 0.73515 - 200.0% Fib Extension off of September low. 0.7315 - 0.7262 - Supply Zone
by thetradeWELL
AUD/USD looking for double bottom. back bellow 2016lowsAUD/USD I am looking for a completion of a Head and shoulders stared on aug/31. Enough selling pressure can blow thru the 2nd shoulder and end up down at key support levels formed on sep-10. The above checkered red line is previous lows from Dec/2016. This is now a key resistance level that must be broken. I would only enter this trade with more confirmation of a reversal and indication it is sticking to a double bottom/h&s pattern. Stop loss will be set tight, looking for 50-75 pips intraday, stop loss set tight. Longer trade can amount to 150pips. This is my personal opinion, this is not investment advice, invest at your own risk and good luck trading. Completed 5:09pm LOS ANGELES.
by cmorak2
AUDUSD is Forming BULLISH BUTTERFLY - Potential for Reversal!Hey Everyone, Harmonic Pattern - BULLISH BUTTERFLY is Identified on AUDUSD (H4 Chart) with a slight Overbought price action, where H1 chart is Closing with Bullish Piercing Line, and hence we'll go Long on AUDUSD with these preferences, BUY AUDUSD - NOW or 0.71800 STOP LOSS - 0.71282 TARGET 1 - 0.72692 TARGET 2 - 0.73157 More updates will be posted under this thread, have any doubts? then, let us know in the comment section below and make sure to give this analysis a Thumbs UP +_+
Long
by BloomFisher
14
AUDUSD Pending LongAUDUSD closed bearish in the previous week with an ugly weekly and monthly candles closing well on its lows, also below the ~70.5% fib from which it bounced the previous month. Leaning bearish and looking for a bounce after December 2016 low has been taken out. PLAN OF ACTION : Looking to long after a possible stop run on December 2016 low of ~0.71602 if PA shows some sign of reversal. If not then lower around the next Fib level of ~78.6% and possible run on May 2016 lows. Will update the idea later on as price action develops. Also might take a small short position if given a chance for a pullback. However not comfortable to short a breakdown on a support where price might spring up after a few pips of drop. Gonna update later for setups on lower time frame if time permits. Good Luck
Long
by renjfx
The Aussie DollarToday's focus is on the Aussie Dollar as we look at the fundamental calendar data report from Australia to release throughout the week. Following a steep decline in prices on most major pairs against the greenback, this AUDUSD pair had found support at 0.72650 level, which is also a fib extension of 1.272 of the previous swing low (as shown in the comments below). I've highlighted key levels on the chart as supply zone. If AUD/USD were to rally back topside, it would likely retrace to those levels. Happy Trading, folks! Cheers!
Long
by Kav1ka
AUDUSD, possible long setupSupport around 0.733 at previous swing low is holding up quite well. You can tell by various weekly candle with huge lower tail which indicates that there's buying support. With that said, there is a good long setup trade setup for price to rebound towards 0.757-0.769. From the current price of 0.740, this give us a potential profit of 160-288pips. Stop should be place at 0.729, below the current swing low. Take note that this analysis is on a weekly time frame, thus expect to holding your position for a while (as long as the SL is not hit!). You should go into smaller time frame such as daily or 4H to better time your entry. Trade safe everyone!
Long
by NimbusCapital