Onwards and Upwards for AUD/USDThe AUD/USD currency pair is interesting at the moment. From the monthly chart, a recent upside move in the currency pair has seen price inch above key resistance, made up of a horizontal base from $0.6670 and an upper boundary derived from a symmetrical triangle, or ‘coil’, drawn from the high of $0.7158. This has potentially opened the door to the $0.6872ish peaks on the monthly chart, though with the Relative Strength Index (RSI) still sub-50.00, this may discourage some technical buying. On the daily chart, however, the landscape favours bulls following the breach of resistance at $0.6690 (fuelled by the miss in yesterday’s US ISM Services PMI print). Limited resistance is seen overhead on the daily chart until $0.6865, which aligns with the upward target on the monthly chart at around $0.6872. Longby FPMarkets1
AUDUSD BREAKOUTAUDUSD has submitted breakout on hourly time frame after correction again price is rising.fresh entry can be taken at current price with stop loss below at previous resistance areaLongby kashif1999222
AUDUSD A bullish bias judging from the weekly time frame. From the 4hr, we can clearly see a break of an area of consolidation So a retest of that consolidation area to go long Longby Gideon_fxg1
AUDUSD WILL EXPLODE BUYAlways use breakeven after 15 and 35 pips TP-------15Pip TP-------35Pip TP-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Longby ArehmanB113
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk sell zone) spanning from 0.6595 to 0.6588. Additionally, one medium-risk buy zone between 0.6630-0.6625, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 0.6595 and 0.6588, serving as a low-risk sell. Important Demand Zone🟠: Identified between 0.6630 and 0.6625, serving as a low-risk buy. Bullish Targets📈: 0.6660: Possible retracement area. 0.6670: Possible retracement area. 0.6690: Possible retracement area. 0.6705: Possible retracement area. 0.6735: 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.Longby T4X_Trading7
AudUsd trading idea (1:3 R:R) so finally we have a breakout on audusd from daily trinagle pattern as well as the consolidation from 1h we have marked after the impulsive upside we have bullish fvg, it will be our entry point and sl will be as shown in chart below the pattern range so buy = 0.66913 , tr 0.67720 , sl 0.66652 this setup looks strong as the price has made a nice consolidation before breakout and also the pattern is on higher time frame of 1day and it has formed for almost many days it has good probability Longby Jimmy_Rebello1
AUDUSD - likely to consolidate recap previously we had good long trade almost capturing 75pip with good RR then at the resistance i tried to scalp a short trade i got stopped out in the trade with small stop loss currently as the price is moving seems like it will be consolidating or going sideways we will stay out of the trade and wait for the either side impulse reaction by Jimmy_RebelloUpdated 0
A Bullish SetupA Clear Bullish Setup found on AUDUSD using technical Analysis. It made a bullish rectangle and now made a breakthrough from resistance triggering our entry. With perfect risk management we can execute this good setup.Longby azanm2827112
AUD/USD shrugs as Australian retail sales jumpThe Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6674 at the time of writing, up 0.11%on the day. Australian consumers have been counting their pennies and reducing discretionary spending. Consumers are feeling the double squeeze of high borrowing costs and stubborn inflation, but retail sales pulled a surprise today with a gain of 0.6% m/m in May. This follows a meager gain of 0.1% in April and crushed the market estimate of 0.2%. This marked the sharpest gain since January, but does not mean that Australian consumers have suddenly switched to a spendthrift mindset. Rather, the jump in retail sales was the result of many retailers involving large discounts and sales events. The monthly May release was strong but there is an underlying weakness in consumer spending, as retail sales climbed just 1.7% y/y in May, compared to over 4% in early 2023. This means that the retail market remains weak despite today’s upbeat report. The Reserve Bank of Australia has stressed that rate hikes are on the table, as stubbornly high inflation has raised concerns that monetary policy may have to be tightened. The RBA discussed the possibility of a rate hike at each of the past two meetings and today’s strong retail sales could strengthen the case for a hike, although policy makers won’t make a rate decision based on one release. The RBA meets next on August 6 and the second-quarter CPI report, which will be released a week before will play a key role in the decision. The markets have priced in a 32% chance of a quarter-point at the August meeting, according to the ASX rate tracker. This would bring the cash rate to 4.6% and would mark the first rate hike since last November. There is resistance at 0.6699 and 0.6729 0.6660 is a weak support level. The next support level is 0.6630by OANDA0
AUDUSDAUDUSD is in a correction phase. technical analysis It is expected that the price will have a chance to increase. The price is currently near the 0.66780 resistance zone. If the price fails to break through, There may be a chance that the price will come back to test the 0.66364 support zone again and if the price can stand above the 0.66364 level, it is expected that there is a chance that the price will rebound. Consider buying the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana2324Updated 334
Aussie Shows Bullish Pattern After Hot CPI DataAussie is still sideways against the US dollar, trapped in a range for more than a month. However, the price is now moving towards the upper side of this pattern after hot Australina CPI (4%) this week, so RBA shoudl stay hakiwhs, suggesting a greater chance for a break out of a bullish triangle rather than a bearish trend. If analysis is correct, we are currently in a subwave "e", meaning there could still be some intraday weakness down to the 0.6630 to 0.6640 potential support levels. These would then be the final piece of this bullish structure, which should eventually take the price higher. However, only if the price closes above 0.6700 , the triangle will be seen as completed, and we should expect a straight move higher, possibly even to the 0.6780 area. Grega Longby ew-forecastUpdated 4
AUDUSD potential measured move (bull flag) to 0.69?Price is bumping agains't the short term trend line for more than a month now. AUD looks really eager to break it. In addition, since the price moved from 0.63623 to 0.67 the market is digesting the move and forming a bull flag. From a more fundamental perspective, Australia central bank is one of the only few still considering a potential hike in interest rates. Considering all of the above, the probability is skewed towards prices going higher. Short term trend line: Long term trend line: Longby nikhil612Updated 112
AUDUSD Under Pressure! SELL! My dear friends, AUDUSD looks like it will make a good move, and here are the details: The market is trading on 0.6722 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.6685 Recommended Stop Loss - 0.6746 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignals225
Wild tradeMassive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the upper vertex of the triangle. The SL triggers if the inverted HS pattern is busted in the weekly timeframe. Give it time. In Forex you only need a few trades a year to make great profits but patient is needed.Longby ArturoLUpdated 3314
AUDUSD Trade Signal: SellAttention Traders! We have a new trade signal for the AUDUSD currency pair based on the analysis from our EASY Quantum Ai strategy. Direction: Sell Enter Price: 0.66596 Take Profit: 0.66392667 Stop Loss: 0.66843667 Justification for the Prediction: 1. Market Trend Analysis: Recent market trends indicate a potential bearish movement in the AUDUSD pair. Our strategy observes a downtrend, suggesting further weakening of the Australian Dollar against the US Dollar. 2. Economic Indicators: The recent release of economic data has shown weaker-than-expected figures for Australia, putting pressure on the AUD. In contrast, positive economic indicators from the US have strengthened the USD. 3. Technical Indicators: EASY Quantum Ai strategy has detected key technical patterns and indicators pointing towards a downward trend. Moving averages and relative strength index (RSI) both signal bearish momentum. Action Steps: 1. Open a Sell position at: 0.66596 2. Set your Take Profit at: 0.66392667 3. Set your Stop Loss at: 0.66843667 Stay tuned for further updates and manage your trades with caution. Happy trading!Shortby ForexRobotEasyUpdated 0
AUDUSD move within the descending channelCurrently, the market is in a descending channel, which formed when the price touched the channel border and has been vailed.Shortby King_CityStar_Fx0
AUD/USD SHORT FROM RESISTANCE Hello,Friends! The BB upper band is nearby so AUD-USD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.663. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals113
audusd sell signal. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a tradeShortby wavesscoutforex117
uptrend It is expected that the price will go according to the specified paths and then we will see an upward trend. If the price crosses the support range, the continuation of the corrective process will be possible by STPFOREX0
AUDUSD Multi Timeframe Trend Analysis (How To Do It)Lots of Traders often get confused about about trends on several different timeframes conflicting each other. The answer to this is very simple, wait for your bias to line up. 1) Identify Technical areas across your highest and lowest timeframes. 2) Understand the long and short term sentiment. 3) Wait for correlation for entry. We will also cover AUDUSD post news last night.09:35by WillSebastianUpdated 4
AUDUSD Trade Signal: Buy at 0.66494Direction: Buy Enter Price: 0.66494 Take Profit: 0.66616 Stop Loss: 0.66356 We recommend entering a BUY position for the AUDUSD currency pair at the price of 0.66494. Our forecast, generated using the EASY Quantum Ai strategy, suggests favorable upward movement based on the following factors: 1. Market Trend Analysis: Recent technical analysis indicates a bullish trend. Key moving averages are showing positive crossovers, suggesting upward momentum. 2. Support and Resistance Levels: The current entry price of 0.66494 aligns with critical support zones, providing a strong foundation for a potential upward movement. 3. Fundamental Indicators: Recent economic data from Australia shows stronger-than-expected figures in terms of trade balance and employment rates, which typically bolster the AUD. 4. Relative Strength Index (RSI): RSI metrics indicate that the currency pair is currently in a neutral zone, providing an opportune moment for entry before potential overbought conditions emerge. Ensure to place your Take Profit at 0.66616 and Stop Loss at 0.66356 to manage your risk effectively. Trade responsibly and may the market be in your favor.Longby ForexRobotEasy0