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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

AUDUSD SHORT The AUD/USD is falling today mainly due to a stronger U.S. dollar and concerns about economic conditions in China, which is a major trading partner for Australia. The Australian dollar is under pressure because of weak Chinese economic data and uncertainty around future demand for Australian exports. Additionally, the currency pair is testing technical support levels, and traders are reacting to mixed signals from both the U.S. Federal Reserve and the Reserve Bank of Australia regarding future interest rate paths​. The AUD/USD is declining due to several factors: a stronger U.S. dollar driven by expectations of prolonged higher interest rates, and concerns over China's economic health, which affects Australian exports. Recent weak economic data from China has raised fears of lower demand for commodities, impacting the Australian dollar. Additionally, mixed signals from the Reserve Bank of Australia regarding its future rate path add uncertainty, while technical factors like breaking below key support levels are prompting further selling by traders​.
Short
by TNTFINANCESFOREX
AUD/USD – Australian retail sales flat, Aussie shrugsThe Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Consumer spending in Australia has been weak, which has chilled economic activity. Retail sales for July didn’t provide any relief with a reading of zero, shy of the market estimate of 0.3% and well off the June gain of 0.5%. Consumers continue to feel squeezed by elevated interest rates and the high cost of living. The weak economy and a cooling labor market are making consumers even more cautious about discretionary spending. Will today’s soft data prod the Reserve Bank of Australia to consider a rate cut? The RBA is frustrated with the slow decline in inflation - Governor Bullock has said that the central bank is unlikely to cut for six months and RBA members have been discussing a possible rate hike at recent meetings. The markets are marching to a different tune and have priced in a rate cut in November with more cuts early next year. The remaining tier-1 events ahead of the Sept. 24 policy meeting are GDP and the employment report and both releases will be important factors in the rate decision. If these numbers are weaker than supported, it would support the case for a rate cut before year’s end. The week wraps up with the US Core PCE Price index, considered the Federal Reserve’s preferred inflation indicator. The markets are expecting a small increase in July – from 2.5% to 2.6% y/y and 0.1% to 0.2% m/m. A small move is unlikely to concern the Fed, which has shifted its focus to the weakening labor market now that the battle with inflation is largely over. AUD/USD is testing resistance at 0.6808. Above, there is resistance at 0.6822 0.6776 and 0.6754 are providing support
by OANDA
Market Analysis: AUD/USD Regain StrengthMarket Analysis: AUD/USD Regain Strength AUD/USD is consolidating gains from the 0.6825 zone. Important Takeaways for AUD USD Analysis Today - The Aussie Dollar rallied above the 0.6735 and 0.6750 resistance levels against the US Dollar. - There is a key bullish trend line forming with support at 0.6795 on the hourly chart of AUD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from the 0.6700 support. The Aussie Dollar was able to clear the 0.6735 resistance to move into a positive zone against the US Dollar, as mentioned in the previous analysis. There was a close above the 0.6750 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6825 zone. A high was formed near 0.6824 and the pair recently saw a minor pullback. There was a move below the 0.6810 level. The pair declined below the 50% Fib retracement level of the upward move from the 0.6764 swing low to the 0.6824 high. On the downside, initial support is near a key bullish trend line at 0.6795. The next major support is near the 76.4% Fib retracement level of the upward move from the 0.6764 swing low to the 0.6824 high at 0.6780. If there is a downside break below the 0.6780 support, the pair could extend its decline toward the 0.6750 level. Any more losses might signal a move toward 0.6735. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6810. The first major resistance might be 0.6825. An upside break above the 0.6825 resistance might send the pair further higher. The next major resistance is near the 0.6880 level. Any more gains could clear the path for a move toward the 0.7000 resistance zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
Aussie H1 | Rising into swing-high resistanceThe Aussie is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6821 which is a swing-high resistance. Stop loss is at 0.6844 which is a level that sits above a resistance that is identified by a Fibonacci confluence i.e. the 78.% projection and the 127.2% extension levels. Take profit is at 0.6789 which is a swing-low support that aligns close to the 61.8% Fibonacci extension level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
MY THOUGHTS FOR AUD/USDAUD/USD 15M - I am wanting to take advantage of some downside movement again and I have seen that price has traded into an area of Supply and shown some great rejection to the downside suggesting a potential reversal. We have seen that price has broken a fractal protected low which gives us further confluence of a potential down move, I would like to see price trade us back up and into the area of Supply marked above before taking its next leg lower. This will allow us bears to get in at a good price with a more refined entry and a better risk to reward ratio. It would also help build further confluence for the trade as price would be a setting a lower high. Once price trades us back up and into the Supply Zone I want to see another fractal break this time on the 1M confirming the end of the correction and the start of the next impulse.
Short
by Lukegforex
Over extended trend Very choppy but when it trends it does it smooth with a little consolidation Pairs been buying the whole month as you see by the large bullish candlestick closings 0.6803& 0.67943 buy for the second entry Last weeks entry was 0.673 0.67800/0.67750 support Targets 0.68400&0.68900 Pair might turn from targets but if not, bulls better take out 0.74500 This can pullback as expectation for two weekly candlesticks at least but if not then we know 0.66/0.655 0.715/0.7200&0.73500 with 0.7400(0.7440)
Long
by GCGoldenCircle
$AUDUSD | Sell Trade | Market Exec |Technical Confluences: Price is at Overbought conditions Daily timeframe Price action is close to a resistance trendline and entering an Interest Zone Fundamental Confluences: Very similar to the OANDA:NZDUSD posting I did, all other Central Banks in the DM space wanting to cut rates, it negates off the yield premium that NZD would be getting against USD Market is consolidating after all the USD sell-off and profit-taking mood before NFP is likely to happen AUD being a commodity currency is greatly affected by China's economic performance and it is currently still looking bleak ----- I have also taken a Short position in the FX:AUDUSD trade and monitoring that the Resistance trendline and Interest Zone don't break. Within the Orange Zones, I will look to add position if I see further support that the Resistance will hold -----
Short
by weekendanalyst