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U.S. Dollar / Australian Dollar

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USDAUD trade ideas

AUDUSD SHORT >We have a Rally-Base-Drop(RBD) Weekly Supply Zone coverage for the RBD Daily Supply Zone >We have a high quality Leg-out(Imbalance) from Weekly TF and an Explosive leg-out from Daily Supply *Stochastic RSI confirmation (This is not a Timing tool, We always follow the Law of Supply and Demand): -Stoch RSI is at Overvalued Zone, meaning price is looking for a Supply Zone to Drop the price. In AUDUSD's case, it already hit the Supply zone. Ride the trend. >5,10,15 year Seasonality is Down-trending until 1st week of October. **NOTE** -Seasonality tool is just a set-up and an add-on guide. -Supply and Demand is our timing tool. Signal is good until 1st week of October or until Updated. Trade Safe
Short
by TradersPod
AUD/USD 4H Chart Analysis – Eyeing Bearish PotentialWe’re analyzing the AUD/USD 4H chart where a fresh SELL signal has been triggered, signaling a potential downward move. Key Observations: - SELL Signal: A SELL signal was triggered at 0.68061, indicating a possible shift from the recent upward trend. - TP Zone: The identified Take Profit (TP) zone ranges from 0.67777 to 0.67563, offering a potential gain of approximately 28 to 50 pips from the entry point. - Market Structure: The price is currently below key resistance levels, and the market structure suggests further downside potential. Recent price action shows weakening bullish momentum, which supports the bearish outlook. Trading Plan: - Bearish Scenario: If the price continues to move down as expected, targeting the TP zone between 0.67777 and 0.67563 could offer a solid opportunity. Watch for confirmations as the price approaches these levels. - Risk Management: Stay flexible with your risk management, adjusting positions as new signals appear. Monitor price action closely to adapt to market changes. Important Note: This analysis serves as a trade idea. Be sure to integrate it into your overall strategy and perform your own analysis to ensure it aligns with your risk tolerance. Trade smart!
Short
by TradersJourneys
AUD/USD Fibo Resistance Inside of Yearly HighAUD/USD has been one of the more responsive pairs for themes of USD-weakness since the August 5th spike. That low from early-August was a bounce point for v-shaped reversal, which pushed price up to a major level at .6824 that held the highs. The pullback from that resistance was a clean 38.2% retracement of the move, which held the lows and propelled another bullish drive in the pair as price went right back up to .6824. That .6824 level is a big spot as this is the 23.6% retracement of the 2011-2020 major move in the pair. It's back-in as resistance this week and despite the pair having set a fresh yearly high, bulls have slowed down over the past two days with this price in-play, making for a difficult spot to chase. The question now is whether a pullback can hold a higher-low and there's a couple spots of interest for such, such as the .6780 level, or the .6664 level. For resistance, there's one clear spot overhead and that's the current yearly high at .6871. - js
by FOREXcom
Trade Signal for AUDUSD: Buy PositionDear Traders, We have a new signal for the AUDUSD currency pair. Based on our advanced analysis using the EASY Quantum Ai strategy, we recommend entering a BUY position. Details of the trade: Direction: Buy Enter Price: 0.68136 Take Profit: 0.68557333 Stop Loss: 0.67543333 Reasoning for this trade recommendation: 1. Technical Analysis: Our strategy has identified a strong bullish trend emerging for AUDUSD. The pair has shown consistent upward momentum, breaking through critical resistance levels. Our indicators suggest that this momentum is likely to continue. 2. Fundamental Analysis: Recent economic data from Australia, such as favorable employment figures and a stable interest rate outlook, support a strengthening AUD. Concurrently, the USD faces short-term pressures due to mixed economic signals and market sentiment-driven volatility. 3. Market Sentiment: Investor sentiment leans towards risk-on assets, benefiting the AUD. Elevated commodity prices and overall positive market outlook for the Australian economy further bolster the bullish forecast for AUDUSD. Caution: Place the stop loss at 0.67543333 to manage risk effectively. Always consider your own risk tolerance and trading strategy. Happy Trading! Best regards, The EASY Quantum Ai Team
Long
by ForexRobotEasy
AUDUSD BullishBias Bullish Fundamental Analysis USD cut 50 basis point, going towards soft landing. AUD has good job reports and expect to keep interest rate. Price Action: Price formed a higher hi, price is like to head higher. Price rejected from H4 support level and formed a triple bottom pattern at the H4 support level. Price break through the resistance of the pattern and closed higher. expecting price to go higher. Confluence: Higher TF (W/D/H4) - Support level rejection from H4 Lower TF (H1/M30/M15) - h1 broken resistance, triple bottom pattern. H1 doji candle at support level. Set up: Long setup at broken H1 resistance level. SL below swing low of that level. Targeting next swing high R:R 1:4
Long
by royschen07
Could the Aussie drop from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could drop from this level to our take profit. Entry: 0.6824 Why we like it: There is a pullback resistance level that lines up with the 138.2% Fibonacci extension. Stop loss: 0.6898 Why we like it: There is a resistance level at the 138.2% Fibonacci extension. Take profit: 0.6749 Why we like it: There is an overlap support level that aligns with the 38.2% 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.
Short
by VantageMarkets
RBA Decision: Can Bulls Break 0.6900? RBA Decision: Can Bulls Break 0.6900? The U.S. Federal Reserve's decision to slash interest rates by half a percentage point this week has intensified scrutiny on the Reserve Bank of Australia (RBA), which will hold its policy meeting next week. Making a RBA’s interest rate cut less likely in the short term: Australia's labor market delivered stronger-than-expected job growth in August. Maybe this is why the AUDUSD has printed a nine-month high earlier today, creating the fourth consecutive green candle. However, underlying weaknesses are emerging, as the gains were driven by part-time employment, with full-time jobs declining. Should this momentum continue, AUD/USD could potentially test 0.6900 resistance, a high last seen in late 2023.
by BlackBull_Markets
1
AUD/USD climbs on Aussie job data, Fed rate cutThe Australian dollar has posted sharp gains on Thursday. AUD/USD rose as much as 1% before paring most of those gains. In the North American session, the Australian dollar is trading at 0.6792, up 0.41% on the day. Australia created 47.5 thousand jobs in August, close to the revised 48.9 thousand in July and crushing the market estimate of 25 thousand. The gains were all part-time positions as full-time jobs actually declined by 3.1 thousand. Still, investors gave a thumbs-up and the Australian dollar is up sharply today. The unemployment rate remained steady at 4.2%, in line with market expectations. The Reserve Bank of Australia remains an outlier among the major central banks as it is yet to lower rates. The RBA has maintained rates at 4.35% since November but its “higher for longer” stance has not brought down inflation as much as expected. Inflation has dropped to 3.5% but that is still higher than the inflation target range of between 2 and 3 percent. The RBA meets next Wednesday, a day before the August inflation report and is expected to maintain rates. In one of the most anticipated rate meetings in recent memory, the Federal Reserve surprised the markets with an oversize cut of 50 basis points. The markets were unsure right up to decision time whether the Fed would go with a modest 25 bps cut or the large 50 bps cut. In the end, the Fed opted for the deeper cut in a near-unanimous decision (11 of 12 members voted in favor). The message from the Fed was that it is confident that inflation will remain sustainably near the 2% target and that the weak labor market was in need of strong relief. In his press conference, Fed Chair Powell tried to assure the markets that the US economy was in good shape and that today’s move was not a signal that further 50 bps cuts were on the way. AUD/USD is testing resistance at 0.6798. Above, there is resistance at 0.6862 0.6751 and 0.6687 are the next support levels
by OANDA
AUDUSD Post FOMC Now that the FOMC meeting has completed and we are left with rates 50 basis points lower, we expect a risk-on sentiment continuing in the markets. Australia’s labor report came in slightly better than expected and given those two factors, Aussie should push higher against the dollar. While the daily chart shows the park playing with recent highs, there is room to move higher if sentiment pushes it to .6957 (200 MA). Holding longs until that target as long as risk-on sentiment holds.
Long
by Primetrdr88
1