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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

AUDUSD Is Bullish! Buy! Here is our detailed technical review for AUDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.633. Considering the today's price action, probabilities will be high to see a movement to 0.637. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
Is this a bottom for AUDUSD?It's been a fantastic move lower, but is 0.6400 a spot for a reversal? Nothing fundamental is serving as a catalyst for moving the pair in any direction for the rest of the year. Trend: LSMA moving lower since 10/21/24 Momentum: Bearish Japanese Candles: Inverted Hammer (imperfect) printed last week. Is this the bottom? Chart Pattern: None Support and Resistance: 0.6400 is Support, 0.6750 is a Bullish Target, 0.6200 is a Bearish Target Fundamentals: No news this week or next Trade: None Stop: None
by positionforex
1
AUDUSD POSSIBLE BUYBased on DAILY and 4HR TF, the market seems to be forming a possible reversal pattern. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
3
AUDUSD Wave Analysis 16 December 2024 - AUDUSD reversed from support zone - Likely to rise to resistance level 0.6400 AUDUSD currency pair recently reversed up from the support area set between the strong support level 0.6350 (which has been reversing the price from 2023, lower border of the weekly sideways price range) and the lower weekly Bollinger Band. The upward reversal from the support zone stopped the previous impulse waves 3 and (3). Given the oversold weekly Stochastic and the strength of the support level 0.6350, AUDUSD currency pair can be expected to rise further to the next resistance level 0.6400.
Long
by FxProGlobal
AUD/USD Testing Key Support ZoneChart Analysis: The Australian Dollar is testing a critical support area as it hovers near 0.6375 and 0.6285 (pink horizontal lines), levels that have held firm multiple times over the past year. 1️⃣ Support Retest: The price has approached this zone, which acted as support in November 2023 and March 2024. Traders often watch such levels for potential rebounds or breakdowns. 2️⃣ Moving Averages: 50-day SMA (blue): Trending downward, reflecting short-term bearish momentum. 200-day SMA (red): Flat-to-downward slope, signaling a weakening long-term trend. The price remains firmly below both SMAs, reinforcing bearish sentiment. 3️⃣ Momentum Indicators: RSI: Hovering near 36, indicating weak momentum but not yet oversold. Traders might monitor for any divergence signals. MACD: Bearish momentum persists with the signal line below zero and no clear crossover in sight. What to Watch: If the price decisively breaks below 0.6285, it could open the door for further downside. On the flip side, a rebound from this support zone might see a test of the 50-day SMA near 0.6550. Monitor RSI for any bullish divergence and price action around these key levels. The AUD/USD remains under pressure, with a critical support test underway. Traders may find clarity as price action unfolds near this zone. -MW
by FOREXcom
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 0.64170 to 0.64210, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 0.64170 and 0.64210 serving as a low-risk sell. Bearish Targets📉: 0.63980 : Possible retracement area. 0.63850 : Possible retracement area. 0.63800 : Possible retracement area. 0.63600: Possible retracement area. 0.63650 : Significant supply zone. 0.63500 : 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.
Short
by T4X_Trading
AUDUSD H1 | Bullish Rise?Based on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 0.6357, which is an overlap support close to the 78.6% Fibo retracement. Our take profit will be at 0.6382, which is a pullback sistance level. The stop loss will be placed at 0.6333, which is below multi-swing low support 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. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Long
by FXCM
AUD/USD Analysis (1-Hour Timeframe)I'm monitoring AUD/USD closely as the price approaches a black trendline. If the trendline is broken, it could signal a bearish move. My target for this setup is the green support level, which has historically acted as a strong zone of buyer activity. This area could present opportunities for either reducing short positions or watching for a potential bounce. Key points: Wait for confirmation of a trendline breakout. Observe volume and candlestick patterns to validate the move. Be cautious around the green support level for possible reversals. Patience is essential for the best entry!
Short
by rebenga93
2