Downtrend A continuation of the corrective trend is expected to form and advance to the specified support levels. If the price crosses the resistance level of 61.8%, the continuation of the upward trend is likely
AUDUSD trade ideas
Market Analysis: AUD/USD Under Pressure, Downtrend PersistsMarket Analysis: AUD/USD Under Pressure, Downtrend Persists
AUD/USD declined below the 0.6500 and 0.6455 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6500 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6465 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6530 zone. The Aussie Dollar started a fresh decline below the 0.6500 support against the US Dollar.
The pair even settled below 0.6455 and the 50-hour simple moving average. There was a clear move below 0.6430. A low was formed at 0.6407 and the pair is now consolidating losses. On the upside, an immediate resistance is near the 0.6430 level.
The 23.6% Fib retracement level of the downward move from the 0.6504 swing high to the 0.6407 low is also near 0.6430. The next major resistance is near a connecting bearish trend line at 0.6465.
The trend line is near the 61.8% Fib retracement level of the downward move from the 0.6504 swing high to the 0.6407 low, above which the price could rise toward 0.6500.
Any more gains might send the pair toward the 0.6530 resistance. A close above the 0.6530 level could start another steady increase in the near term. The next major resistance on the AUD/USD chart could be 0.6620.
On the downside, initial support is near the 0.6405 zone. The next support sits at 0.6380. If there is a downside break below 0.6380, the pair could extend its decline. The next support could be 0.6350. Any more losses might send the pair toward the 0.6320 support.
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04.12.24 Morning ForecastPairs on Watch -
FX:CADCHF
FX:AUDUSD
FX:USDJPY
FX:EURAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
AUD/USD Trade1. Breaking of accumulation zone
2. Divergence present but we will place sell stop
3. Aud gdp is 0.3℅ less than forcast of 0.5℅ so this have impact to sell side
Read The AUDUSD MarketLet's Look at AUDUSD Chart and Analysis the last Price Actions for finding some trade Opportunities, Good Luck With Your Trades <3
Could the Aussie drop from here?The price is rising towards the pivot which acts as a pullback resistance and could drop tot he 1st support which has been identified as a pullback support.
Pivot: 0.6454
1st Support: 0.6407
1st Resistance: 0.6503
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AUDUSD - Long AreaHi dera freinds
- Canalized structure
- Shark harmonic pattern
- Near Important Base
This is just my personal analysis. I hope the problems will be solved with your comments
thanks
AUD/USD 1H sell bias
15min the buyers has been taken out by huge selling power.
buyers are trying for one last push but they are slowing down.
Bit greedy on this trade but it is a small scale trade
-USD strong because of the job related news
-AUD is overall weak against USD
What’s Flowing: AUDUSD Short (CONCLUSION)The AUDUSD is demonstrating a bearish breakdown, aligning with the current downward momentum. The pair has recently breached key support levels, with selling pressure increasing in the highlighted zones.
Key Observations:
1. Price Action: The pair is trading below critical resistance areas, moving toward the lower bounds of the channel.
2. Bearish Momentum: Clear signs of sellers dominating, with the price rejecting upper levels and closing near session lows.
Strategy:
Traders looking to capitalize on this movement can monitor the following:
• Short Entries: Ideal near minor pullbacks into resistance zones around 0.6480–0.6520.
• Targets: Downside levels near 0.6440 and below, depending on momentum strength.
• Stops: Tight stops above the 0.6520 resistance for effective risk management.
Stay cautious of any reversals or macroeconomic events impacting the Australian Dollar. For more refined strategies, reach out for insights tailored to managing AUDUSD flows effectively.
AUDUSD InsightHello, Subscribers!
It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- Safe-haven sentiment strengthens due to South Korea's declaration of martial law, driving the yen higher and exerting downward pressure on the dollar.
- According to the U.S. Department of Labor's JOLTS report, October job openings (seasonally adjusted) stood at 7.744 million, surpassing market expectations. Some analysts forecast a Federal Reserve rate cut in December, citing the robust labor market.
- Australia’s October retail sales increased by 0.6% month-on-month. This rise is attributed to confidence that the Reserve Bank of Australia (RBA) will not raise rates further. Analysts predict the RBA will begin cutting rates in May next year.
Major Economic Indicators
- December 3: U.S. Department of Labor’s JOLTS report
- December 5: Fed Chair Powell’s speech
- December 6: U.S. November unemployment rate and nonfarm payroll data
AUD/USD Chart Analysis
Currently, AUD/USD is consolidating around the support level at 0.64000. Future price direction is expected to hinge on this level.
- If the support holds, there’s a strong likelihood of an uptrend, with potential gains up to the 0.69000 level.
- Conversely, a break below 0.64000 could lead to a decline toward the 0.62000 level.
Should unexpected movements occur, we will swiftly establish new strategies to adapt.
AUDUSD BUYBUY AUDUSD confirmed after a breakout and an inverse head and shoulders pattern. Sydney Session in about 20 minutes and GDP release a few hours after. Price will push up
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.65000 to 0.65030, respectively, is highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 0.65000 and 0.65030 serving as a low-risk sell.
Bearish Targets📉:
0.64950: Possible retracement area.
0.64900: Possible retracement area.
0.64850: Possible retracement area.
0.64800: Possible retracement area.
0.64700: Possible retracement area.
0.64750: Significant demand zone.
0.64600: Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
AUD-USD | 1 Day | Swing Trading Hello traders, I prepared FX:AUDUSD analysis for you. In my analysis, I detected the patterns on the chart, I would be very happy if you press the like button, thank you.
AUDUSD / SHORTAudusd is currently trending downwards,has made some correction will want to continue in its downward movement.
AUDUSD TARGET ????AUD/USD is looking bullish, with a potential target of 0.65009. This target is supported by a recent analysis from Action Forex, which suggests a target of 0.6500 ¹. Additionally, the pair has stabilized amid US Dollar pressures and domestic economic factors ².
From a technical analysis perspective, the AUD/USD is currently in the first phase of a correction wave, having achieved a local target at 0.6527 ². The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are also pointing upwards, supporting the bullish view ³.
However, it's essential to keep an eye on key resistance levels, such as 0.6670, which could pose a challenge to the upward movement ⁴.
To maximize your gains, consider setting a take-profit around 0.65009 and a stop-loss below 0.6420 to limit potential losses.
Australian dollar eyes GDPThe Australian dollar is drifting on Tuesday. In the North American session, AUD/USD is trading at 0.6461, down 0.20% on the day at the time of writing.
Australia’s economy is expected to improve in the third quarter, with a market estimate of 0.4% q/q. This follows a disappointing gain of 0.2% in Q2, the weakest growth in five quarters, as household spending declined. On a yearly basis, GDP is expected to tick up to 1.1% compared to 1% in the second quarter.
The Australian economy continues to groan under the weight of high interest rates, which the Reserve Bank of Australia implemented in order to tame high inflation. Now that inflation has come down, there is pressure on the RBA to respond with lower rates. The RBA has become an outlier as most major central banks are in the middle of an easing cycle while the RBA has held rates for over a year.
RBA Governor Bullock has remained hawkish, reiterating that underlying inflation is too high for the RBA’s liking and that a rate hike is not off the table. Headline inflation has fallen to 2.1%, well within the RBA’s target bank of 2%-3%, but the RBA remains concerned about underlying inflation, which accelerated in October to 3.5%, up from 3.2% a month earlier.
The market isn’t buying the warning of higher rates and expects the next rate move to be a cut sometime in mid-2025. That means that consumers will have to grapple with high rates for months, barring an unexpected fall in underlying inflation.
In the US, Federal Reserve Governor Christopher Waller said on Monday that he is leaning toward a cut in December but could change his mind if inflation surprised on the upside. The US releases November CPI one week prior to the rate announcement and the release will be a key factor as to whether the Fed cuts or maintains interest rates.
AUD/USD Technical
AUD/USD tested resistance at 0.6478 earlier. Next, there is resistance at 0.6514
0.6441 and 0.6405 are the next support levels
AUDUSD Wave Analysis 3 December 2024
- AUDUSD reversed from strong support level 0.6450
- Likely to rise to resistance level 0.6530
AUDUSD currency pair recently reversed up from the strong support level 0.6450, which has been reversing the price from the start of August, as can be seen below.
The support level 0.6450 was further strengthened by the nearby lower daily and the weekly Bollinger Bands.
Given the bullish divergence on the daily Stochastic indicator, AUDUSD currency pair can be expected to rise to the next resistance level 0.6530 (former minor resistance from November).
Buy audusdAudusd ready to pump again
Weekly oversold pair
Respected the buy trend and weekly strong demand level
Scenario on AUDUSDAt the end of this movement I see a final triangle forming after which an upward movement should occur, but since we still have relatively strong support at 0.63900, it is possible that the price could test this support and then after rejection the price could finally establish an SFP. Another scenario could be that the price rises immediately after the wave is completed, and for now it is just a look, nothing is finalized.
AUDUSD Ahead of the JOLTS DataAUDUSD Ahead of the JOLTS Data
Today, the market's focus is on the US JOLTS data, the only significant event of the day. This data will be closely watched ahead of the release of the Non-Farm Payrolls report on Friday.
US JOLTS are forecast to remain below 8 million in October, with 7.48M expected versus 7.443M in the previous month.
JOLTS can provide valuable insights into the labor market, a key factor impacting salaries and inflation.
✅Technical Analysis:
The price is still accumulating and waiting for the US JOLTS data.
If the price breaks above the current pattern, bullish volume should increase further, and AUDUSD may begin a short-term bullish wave.
If the US JOLTS data remains unchanged, AUDUSD may continue to develop within the current pattern.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
What’s Flowing: AUDUSD Short (CONTD)The AUDUSD is demonstrating a bearish breakdown, aligning with the current downward momentum. The pair has recently breached key support levels, with selling pressure increasing in the highlighted zones.
Key Observations:
1. Price Action: The pair is trading below critical resistance areas, moving toward the lower bounds of the channel.
2. Bearish Momentum: Clear signs of sellers dominating, with the price rejecting upper levels and closing near session lows.
Strategy:
Traders looking to capitalize on this movement can monitor the following:
• Short Entries: Ideal near minor pullbacks into resistance zones around 0.6480–0.6520.
• Targets: Downside levels near 0.6440 and below, depending on momentum strength.
• Stops: Tight stops above the 0.6520 resistance for effective risk management.
Stay cautious of any reversals or macroeconomic events impacting the Australian Dollar. For more refined strategies, reach out for insights tailored to managing AUDUSD flows effectively.
What’s Flowing: AUDUSD Short (CONTD.)The AUDUSD is demonstrating a bearish breakdown, aligning with the current downward momentum. The pair has recently breached key support levels, with selling pressure increasing in the highlighted zones.
Key Observations:
1. Price Action: The pair is trading below critical resistance areas, moving toward the lower bounds of the channel.
2. Bearish Momentum: Clear signs of sellers dominating, with the price rejecting upper levels and closing near session lows.
Strategy:
Traders looking to capitalize on this movement can monitor the following:
• Short Entries: Ideal near minor pullbacks into resistance zones around 0.6480–0.6520.
• Targets: Downside levels near 0.6440 and below, depending on momentum strength.
• Stops: Tight stops above the 0.6520 resistance for effective risk management.
Stay cautious of any reversals or macroeconomic events impacting the Australian Dollar. For more refined strategies, reach out for insights tailored to managing AUDUSD flows effectively.
AUDUSD H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 0.6482, which is an overlap resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.6441, a swing low support level.
The stop loss will be at 0.6521, an overlap resistance level.
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