Get started

Australian Dollar / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

AUDUSD trade ideas

Aussie rises after US core CPI declines to 3.2%The Australian dollar is higher for a third consecutive trading day. In the North American session, AUD/USD is trading at 0.6233, up 0.63% at the time of writing. The US inflation report for December was a mixed bag, as headline CPI rose while the core rate declined. Headline CPI rose to 2.9% y/y from 2.7% in November, matching the market estimate. Monthly, headline CPI rose to 0.4%, up from 0.3% and above the market estimate of 0.3%. The more important story was the decline in core CPI, which excludes food and energy and is more closely watched by the Federal Reserve than the headline data. Core CPI eased to 3.2% y/y in December, down from 3.3% over the past three months and below the market estimate of 3.3%.  Monthly, core CPI ticked lower to 0.2% in December, down from 0.3% a month earlier and in line with the market estimate. The decline in core CPI was small but still significant, as the core rate showed downward movement after remaining unchanged for three months. Investors responded by raising the probability of a quarter-point cut in March at 29%, up from 19% prior to the inflation release, according to CME's FedWatch. The Fed meets at the end of the month and is virtually certain to hold rates. Australia releases the December employment report early on Thursday. Australia's labor market remains solid, although the economy as a whole is struggling. Job growth increased by a strong 35.6 thousand in November, beating expectations. Will the positive trend continue? The market estimate for December stands at 15 thousand, which would mark a nine-month low. The unemployment rate has been low and fell to an eight-month low in November at 3.9%. It is expected to creep up to 4.0% in December. The Reserve Bank of Australia meets on Feb. 18 and the strength of the labor market is a key consideration in the central bank's decision-making. As long as the labor market remains solid and does not deteriorate quickly, the RBA can afford to hold off on a rate cut. If, however, the employment report is softer than expected, it would put pressure on the RBA to lower rates at next month's meeting. AUD/USD is testing resistance at 0.6231. Above, there is resistance at 0.6255 0.6189 and 0.6171 are providing support
by OANDA
Elliott Wave View Looking for AUDUSD to Resume LowerShort Term Elliott Wave view in AUDUSD suggests that cycle from 9.30.2024 high is in progress as an impulse. Down from 9.30.2024 high, wave 1 ended at 0.6434 and wave 2 rally ended at 0.6528. Pair resumed lower in wave 3 towards 0.6176 as the 1 hour chart below shows. Wave 4 rally ended at 0.63. Internal subdivision of wave 4 unfolded as a zigzag Elliott Wave structure. Up from wave 3, wave ((a)) ended at 0.6225 and pullback in wave ((b)) ended at 0.6194. Wave ((c)) higher ended at 0.63 which completed wave 4 in higher degree. Pair has resumed lower in wave 5 which subdivides into another 5 waves. Down from wave 4, wave ((i)) ended at 0.6128. Wave ((ii)) rally is in progress as a zigzag with wave (a) ended at 0.6207 and wave (b) ended at 0.6162. Expect wave (c) higher to end at 0.624 – 0.629 area and this should complete wave ((ii)) in higher degree. As far as pivot at 0.6302 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
by Elliottwave-Forecast
FOREX AUDUSD LONGAUDUSD appears to have formed a fakeout at the lower end of the range. This suggests that traders who entered short positions when support was broken are now either closing their positions or adding to their losing trades to avoid liquidation. This dynamic could fuel the price toward 0.64, where the 21-week exponential moving average is located. I'm watching for the price to reach the nPOC zone. However, if the price finds support around the 21-day EMA within the next 1–2 days, I plan to enter with half of my position.
Long
by BOT721
AUDUSD Wave Analysis 28 January 2025 - AUDUSD reversed from the resistance zone - Likely to fall to support level 0.6200 AUDUSD currency pair recently reversed down from the resistance zone between the pivotal resistance level 0.6300 (former powerful support from the end of 2023) and the 50% Fibonacci correction of the downward impulse from November. The downward reversal from this resistance zone stopped the previous ABC correction 4. Given the clear daily downtrend and the overbought daily stochastic, AUDUSD can be expected to fall further to the next support level 0.6200 (which stopped the previous minor correction b).
Short
by FxProGlobal
AUD/USD's Potential Bearish Flag BreakdownChart Analysis: The AUD/USD pair is trading within a short-term rising channel, providing a near-term bullish framework amid a broader bearish trend. 1️⃣ Rising Channel: The pair remains within the bounds of a green-shaded rising channel, suggesting upward momentum persists in the short term. A break below the channel’s lower boundary near 0.6240 could signal a return to bearish dominance, while a move above 0.6300 would strengthen bullish prospects. 2️⃣ Moving Averages: 50-day SMA (blue): Positioned at 0.6327, acting as the next key resistance level above the rising channel. 200-day SMA (red): At 0.6578, remains well above the current price, reflecting the pair’s long-term bearish bias. 3️⃣ Momentum Indicators: RSI: At 47.66, indicating neutral momentum and the potential for either continuation or reversal within the channel. MACD: Near zero but improving, suggesting waning bearish momentum. What to Watch: A sustained break above 0.6300 and the 50-day SMA would open the door for further gains. Alternatively, failure to hold the rising channel support at 0.6240 could lead to renewed selling pressure, targeting the 0.6200 psychological level and below. The AUD/USD pair’s near-term direction hinges on its ability to maintain the rising channel structure while contending with the overhead 50-day SMA resistance. -MW
by FOREXcom
Aud Usd Daily long setupAud usd heading south from 0.69 managed to break 0.635 which acted as Aud Usd strong support line in years 2024 and 2023 . A come back from 0.615 area managed to swing near resistance siiting at 0.635. Newly created support line at 0.617 suggests that 0.617 to 0.62 will be the newly created demand zone. If dollar is on its way south after touching 110 on its index, then aud usd will most likely break above 0.635 after touching support at .0617 to 0.62 area. A touch and a swing top. Breaking and closing below 0.617 suggets further downside.
Long
by THE-real-Deal
AUD/USD at Key Support ZoneThe AUD/USD is presenting a Bullish Gartley Pattern on the daily chart, followed by a pullback into a critical support zone at 0.626 - 0.633. This area has proven to be a significant level for buyers, and current conditions suggest a potential reversal. Buy Strategy: Retest at Support (0.626 - 0.633) Rationale: The 0.626 - 0.633 zone aligns with a critical support level where the last bullish reaction occurred. If price shows signs of rejection or reversal here, a new bullish wave could develop. The TDI Indicator is nearing a zone of buyer exhaustion and may signal a bullish divergence if price reacts positively to the support zone. Trade Parameters: Buy Zone: 0.626 - 0.633 Stop Loss: 0.621 (below the support zone) Take Profit: 0.635 (near short-term resistance) Risk-Reward Ratio: 1:2 Recommendation: Monitor the 0.626 - 0.633 zone closely for signs of rejection or divergence on the TDI. A strong bullish candle in this area could provide confirmation for a potential upside move.
Long
by MrVNpt