AUDUSD.P trade ideas
AUD/USD Trend After Australian CPI News🔔🔔🔔 AUD/USD news:
👉The AUD/USD pair remained range-bound around the 0.6300 level during the Asian session on Wednesday, showing little movement following the release of Australia’s monthly CPI data. The inflation rate rose 2.4% year-over-year in February, slightly lower than the previous 2.5%. Meanwhile, uncertainty surrounding the implementation of Trump's reciprocal tariffs on April 2 limited the pair’s upside. The currency pair's recovery was driven by renewed weakness in the US dollar amid eased concerns over tariffs and positive geopolitical developments.
👉Australia, which relies heavily on exports to China, could face significant economic consequences if US tariffs slow down its largest export market. Any substantial decline in Chinese demand would inevitably ripple through the Australian economy.
👉From a positioning perspective, net short positions on the Australian dollar surged to a multi-week high of approximately 70.5K contracts in the week ending March 18, according to the latest CFTC data. Bearish bets have been building since mid-December and gained momentum in response to escalating tariff threats.
Personal opinion:
👉AUD/USD will continue to decline in the coming time due to many bad news affecting it
👉Bad CPI data will have a quick impact on this currency pair
👉Analyze based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Sell AUD/USD 0.6300 – 0.6310
❌SL: 0.6345 | ✅TP: 0.6260 – 0.6210
FM wishes you a successful trading day 💰💰💰
AUD/USD BUY zone @0.63000 H4 chart analysisHere’s a structured signal you can share with your client:
AUD/USD Trade Setup
Entry: 0.63000
Stop Loss: 0.62363
Target 1: 0.64000
Target 2: 0.65117
Analysis: Price is respecting the ascending channel, with support holding strong around the lower trendline. A bullish breakout is expected. Manage risk accordingly. Based on the provided chart, here are the key support and resistance levels:
Resistance Levels
0.65117 (Major resistance / Upper channel boundary)
0.64000 (Key resistance / Previous swing high)
0.63500 (Intermediate resistance / Recent rejection zone)
0.63137 (Current price resistance)
Support Levels
0.63000 (Entry point / Minor support)
0.62363 (Stop loss zone / Strong support)
0.62000 (Previous low support)
0.61000 (Major support / Channel bottom boundary)
These levels align with the trend structure, respecting previous price actions and key zones. Let me know if you’d like further analysis or trade insights.
Bearish drop off 61.8% Fibonacci resistance?AUD/USD has rejected off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could potentially drop from this level to our take profit.
Entry: 0.6319
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6345
Why we like it:
There is a pullback resistance that is slightly above the 78.6% Fibonacci retracement.
Take profit: 0.6281
Why we like it:
There is a pullback support that line sup with the 78.6% Fibonacci retracement.
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AUDUSD triangle pattern suggests a big move is comingAUDUSD has been consolidating in a triangle pattern, suggesting a breakout is near—likely within weeks. A bullish breakout could target 0.6393, with potential for a 229-pip move. A bearish break is also possible but less clear. The setup offers strong risk-reward, with examples showing a 5.6x ratio.
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Long - AUD/USDThere is a potential CHOCH that was formed in the 4 hour timeframe market structure. This clearly indicates that the price is ready to change direction especially when there is a strong bullish reversal candle in the 4 hour timeframe. I will be looking for a long position within the set zone and wait for confirmations.
If the price does not retrace to set given zones I will not force my entry.
Short Idea - AUDUSDTrade entered. Entry rules met.
Confluences:
✅ Bearish overall bias
✅ Bearish demand zone
✅ Bearish ABCD extension pattern
✅ Bearish divergence
✅ Bearish break of structure
✅ Entering London close zone
✅ Price is in entry zone
✅ Required risk:reward met
⭐ I shared this watch zone in my weekly forex outlook this week, you can subscribe by clicking the link in my bio.
AUD/USD Bullish Breakout Setup – Key Levels & Trade PlanThe 4H timeframe shows AUD/USD trading within an ascending triangle, indicating a potential bullish breakout.
The price is respecting the rising trendline, showing strong demand at support levels.
Key resistance at 0.6402 is a crucial breakout level for further bullish momentum.
Trade Setup & Levels:
Entry Zone: Above 0.6320 (trendline support)
Target 1 (TP1): 0.6402 (previous high & resistance)
Target 2 (TP2): 0.6686 (Fibonacci 70% extension)
Stop Loss (SL): Below 0.6195 (structure support)
Bullish Confirmation Factors:
✅ Breakout above key resistance will confirm a bullish rally.
✅ Trendline support holding strong, preventing deeper pullbacks.
✅ Higher lows formation, signaling continued upward pressure.
Conclusion:
A breakout above 0.6402 will confirm further upside potential. If the price sustains above this level, we expect a move toward 0.6686, aligning with Fibonacci confluence and historical resistance. 🚀
AUD/USD (1H) Analysis & Key Levels📊 AUD/USD (1H) Analysis & Key Levels
🔵 Current Price: 0.62900
🟢 Demand Zone (Support): 0.6250 - 0.6275
🔴 Resistance Levels:
0.63060 (Breakout level)
0.63628 (Major resistance/target)
🔍 Possible Scenarios:
1️⃣ Bullish Case: If price breaks and retests 0.63060, it could push towards 0.63628 as the next resistance.
2️⃣ Bearish Case: If price fails to break above 0.63060, it may retrace back to the demand zone (0.6250 - 0.6275) for another attempt.
💡 Trading Plan:
✅ Look for bullish confirmations at 0.63060 for a long position.
✅ Watch for rejection at resistance for potential pullbacks.
✅ A strong rejection at 0.63628 could signal a reversal.
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