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Australian Dollar / U.S. Dollar

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AUDUSD trade ideas

AUDUSD IS GOING UP, YOU'RE EARLY IS YOU ENTER NOWAudusd is now ready to move and it will be explosive. It has taken a year low and has been rejected from it, DXY is usually bearish the year BTC makes a move towards ATH and that has already started. It was delayed due to interest rate hike but the cuts has begun. I can give you many more reasons but let me post so you enter on time. You can scale down to lower time frame and frame your trade but know that the overall trend is now turning bullish.
Long
by UGBOR
2
AUD/USD lower ahead of RBA minutesThe Australian dollar has posted losses on Monday. Early in the North American session, AUD/USD is trading at 0.6227, down 0.31% at the time of writing. It's a very light calendar week, with the Christmas holiday just around the corner. The Reserve Bank of Australia releases the minutes of this month's meeting on Tuesday, which is the sole Australian event this week. At the December meeting, the RBA held the cash rate at 4.35% for the ninth straight time. Still, the rate statement held out hope for a near-term rate cut, based on some nuances in the language. Previous statements had signaled that rate hikes were on the table, with the board stating it was not "ruling anything in or out", but this phrase was omitted in the December statement. The RBA also sounded more optimistic about the inflation outlook, with the statement noting that the board was "gaining confidence that inflation is moving sustainably towards target". The market viewed this language as being dovish, although Governor Bullock reiterated after the meeting that the February rate decision would be based on the data. In the US, durable goods orders declined 1.1% m/m in November, after an upwardly revised 0.8% gain in October and well below the market estimate of -0.4%. The decline was largely driven by a decrease in new orders for transportation equipment. The Conference Board Consumer Confidence index fell sharply in December to 104.7, down from an upwardly revised 112.8 and well off the market estimate of 113. Consumers were less optimistic about the employment outlook and incomes. The Conference Board report found that consumers are concerned that the tariffs proposed by the incoming Trump administration will push prices higher in 2025. AUD/USD pushed below support at 0.6247 and tested support at 0.6219 earlier 0.6278 and 0.6306 are the next resistance lines
by OANDA
Trading AUDUSD and NZDUSD | Judas Swing Strategy 16/12/2024Last week was a slow period for trading with the Judas Swing strategy. We were presented with only two trading opportunities on GBPUSD and AUDUSD, resulting in a win and a loss respectively, yielding a 1% gain for the week. With that in mind, we are eager to explore the opportunities that may arise this week. For the Judas Swing strategy, we focus on identifying setups on the following trading pairs: AUDUSD, NZDUSD, GBPUSD and EURUSD. At 09:30 EST, the market swept liquidity on the sell side of AUDUSD, signalling potential buying opportunities for the session. Shortly after, a similar sweep occurred on the sell side for NZDUSD signalling potential buying opportunities for this currency pair as well. Now, all we need is a break of structure to the buy side. After patiently waiting, we identified similar setups on both AUDUSD and NZDUSD, which are closely correlated pairs, often moving in tandem due to their economic ties and similar market influences. Following the break of structure (BOS), price retraced into the Fair Value Gap (FVG). Once the candle closed, both pairs met the entry criteria outlined in our checklist, allowing us to execute our trades. The AUDUSD trade hit take profit (TP) with minimal drawdown, delivering a 2% return in just 55 minutes. Meanwhile, the NZDUSD trade on the other hand came close to hitting TP but experienced a slight retracement that temporarily delayed reaching the target We revisited the NZDUSD position, and once again, it edged closer to the TP only to retrace again, frustrating, isn’t it? That’s the nature of trading, it takes you on an emotional rollercoaster. This is why it’s crucial to only risk what you can afford to lose, ensuring you can manage these emotions effectively. After patiently waiting, our perseverance paid off as the NZDUSD trade finally hit TP after 8 hours and 25 minutes, rewarding us with a 2% return. Combined with the AUDUSD trade, we were up 4% on Monday an incredible way to kick off the week!
by CleoFinance
AUDUSD 3H ShortThe AUD/USD 3-hour chart shows a potential bearish continuation setup as price trades below the Kijun-sen (blue) and Tenkan-sen (red), while remaining well under the Ichimoku cloud (Kumo), indicating a strong bearish trend. The red Kumo ahead reinforces selling pressure, and price’s recent failure to hold above resistance signals further downside potential. A bearish continuation below the current support at 0.6317 could open a path towards the next key level at 0.6306, while a stop-loss above the Kijun-sen near 0.6346 helps manage risk, maintaining a favorable risk-to-reward ratio.
Short
by ALRDNMRSKY
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 - U.S. retail sales for November, reported by the Department of Commerce, increased by 0.7%, surpassing market expectations. - Strong retail sales indicate that the momentum of the U.S. economy is strengthening. While a rate hold is widely expected at the December FOMC meeting, the prevailing view is that rates will also remain on hold in January. - With the Japanese yen weakening further against the dollar, some suggest that Japanese authorities might intervene in the currency markets. I- n the U.K., wages rose by 5.2% year-over-year from August to October, exceeding expectations and driving the pound higher. - In Canada, the November Consumer Price Index (CPI) rose by 1.9%, falling short of the market estimate of 2.0%, which weakened the Canadian dollar. Key Economic Indicators + December 18: U.K. November CPI, Eurozone November CPI, FOMC meeting results + December 19: Bank of Japan rate decision, Bank of England rate decision + December 20: U.S. November Personal Consumption Expenditures (PCE) Price Index AUD/USD Chart Analysis The AUD/USD pair has finally broken below the 0.63500 level. Based on the current chart, further declines toward the 0.62000 level seem likely. However, the direction could shift upward depending on the stance the Federal Reserve takes during this week’s FOMC meeting. If unexpected factors lead to an upward move, I’ll quickly revise the strategy accordingly.
Short
by shawntime_academy
AUDUSD - Simplified20SMA - Blue 200SMA - Pink Key Confluence Areas - Grey Lines Market Structure Support/Resistance - Green/Red Dashed Lines Dear Friends: (Away from charts) It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year! How I see it: Pair remains severely bearish. Any TP can serve as a strong enough support for a reversal Firstly, a series of quality HL's is required A 1D break, and body close above confluence could be a good bull signal Keynote! The RBA will have to intervene in some shape or form against the new $ strength. I deeply appreciate you taking the time to study my analysis and point of view.
Short
by ANROC
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