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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

RBA minutes hawkish, Aussie edges higherThe Australian dollar has edged higher on Tuesday.  AUD/USD is trading at 0.6243 in the European session, up 0.28% on the day. The Reserve Bank of Australia's minutes from the February meeting reiterated the central bank's cautious stance.  The meeting marked a milestone as the RBA pressed the rate-cut trigger for the first time in four years, after maintaining the cash rate at 4.35% for over a year.  The decision was a "hawkish cut" with a message for the markets not to expect a series of rate cuts. In the minutes, members said the rate cut did not "commit them to further rate cuts", a warning that the easing cycle could be short.  The RBA remains concerned about inflation even though it has dropped to 2.4%, in the mid-range of the RBA's target band of 2%-3%.  Governor Bullock has said that the RBA is keeping a close eye on the labor market, which has been resilient and not supportive of further rate cuts. Another headache for the RBA is the threat of US tariffs, in particular the specter of another US-China trade war.  Both countries have imposed new tariffs on the other, and a damaging trade war would hurt Australia's export industry, as China is Australia's largest trading partner. Australia's retail sales posted a turnaround in January, with a gain of 0.3% m/m.  This matched the market estimate and followed the 0.1% decline in December.  The driver of the gain was food-related spending and most sub-categories showed an increase in spending.  The outlook for consumer spending has improved, with the RBA rate cut, the drop in inflation and cuts to income tax. AUD/USD is testing resistance at 0.6228.  Above, there is resistance at 0.6251 0.6200 and 0.6177 are providing support
by OANDA
AUDUSD BULLISH AUDUSD is currently in a bearish trend. However, a bullish divergence has formed on the RSI, signaling potential weakening of the downside momentum. I will look for a buy opportunity with a buy stop order placed above the most recent lower high (LH). The trade setup will be activated only if price breaks above the LH, confirming a possible shift in structure and validation of the divergence signal." Optional TradingView-style Idea Title: "AUDUSD | Watching for Bullish Reversal on RSI Divergence and LH Break"
Long
by razashabbir218
2
Aussie H4 | Strong downward momentumThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6215 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.6240 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance. Take profit is at 0.6175 which is a support level that aligns with the 50.0% Fibonacci extension. 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. 63% 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. 63% 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
Could the Aussie bounce from here?The price is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.6225 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Stop loss: 0.6177 Why we like it: There is a pullback support level that line sup with the 71% Fibonacci retracement. Take profit: 0.6296 Why we like it: There is a pullback resistance level that is slightly below the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Sell AUDTrade Setup for AUD/USD Trade Bias: Bearish with Caution The broader trend remains bearish based on the 4H chart showing a clear downtrend from late February. However, I notice potential bullish divergence forming as price makes a temporary bottom around 0.6155-0.6160. Entry Price: 0.6215 Looking at the current price (0.6156), I recommend waiting for a retracement to around 0.6215 for a better entry, which aligns with previous support that should now act as resistance. Stop Loss: 0.6245 Place stop loss above the recent swing high on the 1H chart to protect against false breakouts while giving sufficient breathing room. Take Profit Levels: Take Profit Primary TP: 0.6140 (previous swing low support) Extended TP: 0.6100 (psychological level and projected support) Risk-to-Reward Ratio: Primary target: 1:2.5 (30 pips risk for 75 pips reward) Extended target: 1:3.8 (30 pips risk for 115 pips reward) Trade Rationale: The 4H chart confirms the strong bearish trend since Feb 21st, where price fell from 0.6400 to current levels Multiple timeframes align in showing a downtrend, though we're seeing short-term consolidation The 1H timeframe shows we're near support with some buying interest, suggesting a potential short-term bounce before continuation Major cryptocurrencies showing bearish pressure (visible in the sidebar) typically correlates with risk-off sentiment affecting AUD The higher timeframe resistance around 0.6215-0.6220 provides a clear zone for selling opportunities Additional Considerations: Consider splitting your position: 50% at primary target and let 50% run for extended target Monitor price action at 0.6215 for rejection patterns (bearish engulfing, evening star, etc.) to confirm entry The upcoming RBA interest rate decision or US economic data could impact this pair, so be aware of fundamental catalysts If price breaks above 0.6245 with conviction, be prepared to reassess the bearish bias
Short
by ShlomoYahbes
AUDUSD Is Bullish! Buy! Here is our detailed technical review for AUDUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.622. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.632 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2